Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to his Department’s press release entitled Reforms to make it easier for overseas companies to move to the UK, published on 25 March 2026, what criteria will be used to determine whether an overseas company can transfer its incorporation to the UK.

Under current proposals set out for public consultation, re-domiciliation to the UK will be available to bodies corporate located in a jurisdiction that permits outward re-domiciliation to the UK and which fulfil the following requirements:

• Meet the definition for a ‘body corporate’ as defined in section 1173(1) of the Companies Act 2006.
• Intend to carry on business following its re-domiciliation.
• Are solvent.
• Not subject to (and its proposed directors, persons with significant control or members are not subject to) asset freezes or director disqualifications sanctions.
• Provide all the information required to apply to re-domicile to the UK. This includes all the information that someone forming a company in the UK would provide as well as additional information. This includes confirmation that any authorisation or other action required by the departing jurisdiction has been given or will have been given on re-domiciliation and that the body corporate is not prevented from making the application because it is subject to a restriction on applying.