RE-DOMICILIATION OF COMPANIES ‘INTO‘ & ‘OUTSIDE’ TECOM

In line with the international practice of allowing companies to change their seat of incorporation, companies registered in Dubai Internet City, Dubai Media City, Dubai Knowledge Village or in any other initiatives of TECOM are now allowed to change their jurisdiction. This process of re-domiciliation can be ‘into’ or ‘out of’ TECOM as per the decision No. 2 of 2010 issued pursuant to Dubai Technology and Media Free Zone Private Companies Regulations 2003.

Re-domiciliation will help companies to avoid liquidating the existing company and transfer its portfolio of assets to an entity incorporated for the purpose of the new jurisdiction.