The new corporate re-domiciliation regime set out in Hong Kong's Companies (Amendment) (No. 2) Bill 2024 comes into effect on 23 May 2025.

The policy aims to give overseas companies the opportunity to operate from the jurisdiction by allowing them to relocate without the need for court intervention, winding-up or reincorporation processes, at the same time as maintaining their original legal identity.

Companies using the regime will be able to continue with business operations and retain all property, rights, obligations and liabilities without having to transfer assets from their original domicile. They will generally have the same rights as any similar locally incorporated company, including qualifying as Hong Kong-resident under most double taxation treaties. They will have to comply with the relevant Companies Ordinance requirements.