Re-domiciliation applications open: HKSAR gov't

HONG KONG, May 23 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) government announced Friday that company re-domiciliation is open for application as the Companies (Amendment) (No. 2) Ordinance 2025 came into effect on the day.

According to a press release of the HKSAR government, from Friday onwards, a company incorporated outside Hong Kong may apply to the Companies Registry (CR) for re-domiciliation to Hong Kong. The types of company which may apply for re-domiciliation to Hong Kong include a private company limited by shares, a public company limited by shares, a private unlimited company with a share capital, and a public unlimited company with a share capital, or a type comparable to the above four types of company.

The CR will complete the approval process within two weeks after an applicant has submitted all required documents and information. A 120-day period will be allowed for the re-domiciled company to complete the deregistration procedures at its place of incorporation.

Christopher Hui, secretary for financial services and the treasury of the HKSAR government, said that amid ongoing uncertainty in global political and economic conditions and the development of international market regulations, Hong Kong's advantages stand out even more.

Hui believed that the re-domiciled companies will become a new driving force for Hong Kong's market development, further strengthening its unique role as a "super connector" and a "super value-adder."

French insurance giant AXA announced its plan to re-domicile AXA China Region Insurance Company (Bermuda) Limited from Bermuda to Hong Kong. Upon completion of the process, it is proposed that ACRIB will be renamed as AXA China Region Insurance Company (Hong Kong) Limited. Enditem