Re-domiciliation of companies commonly known as ‘migration’ is becoming more and more frequent, be it for the unfavorable tax and regulatory regime in which a company is currently operating in or for the efficient administration and management of costs by consolidating all structures in one particular jurisdiction or to generally lower the cost of doing business. Seen more recently, re-domiciliation is gaining traction for companies wishing to move away from stringent economic substance requirements in the jurisdiction they are operating in. While this is debatable in view of economic substance becoming prevalent globally, compliance with the substance requirements may be smoother and less costly in some jurisdictions.

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