Redomiciliation

Redomiciliation process implies a Foreign legal entity incorporated in another jurisdiction to be transferred to the AIFC jurisdiction in a relevant organizational legal form. The termination of the company without a liquidation in the jurisdiction of the initial registration and the transfer of activities to another country, in accordance with its legislation.
Benefits:
avoiding liquidation process;
retention of all current assets and liabilities, cash and capital, contracts of an existing company;
short time-frames (in comparison with the liquidation of a company and then incorporating a new company);
ability to keep a licence to carry on financial activities or providing ancillary services (autrhorisation process is required);
obtaining a status of an AIFC participant and resident of the Republic of Kazakhstan and  possibility of using privileges of the AIFC;
no repatriation of capital and cash and subsequent capitalisation is required