Redomiciliation to GMC: Legal Advisory

A foreign company can move its registration into the Gelephu Mindfulness City Special Administrative Region (GMC) without creating a new entity, so its contracts, licences, assets and court proceedings carry on uninterrupted. The Companies Act 2025 sets out the route, the deadlines and the grounds on which the Registrar can refuse. Basnet Law Pte. Ltd. is the first law firm incorporated in GMC.

Confirm eligibility: the transfer route applies to a "foreign corporate entity", meaning a body corporate incorporated outside GMC, that intends to register as a company limited by shares.

Advise on the name rules, since registration is not possible without a reserved name.

Advise on the application and draft the new GMC constitution.

Advise on any conditions the Registrar imposes on registration, and on an appeal against a refusal or condition within 30 days if needed.

Advise on the 60-day deregistration deadline and any extension, the registration of charges within 30 days and the reissue of certificates within 60 days.

Advise on the tax rules for redomiciled companies and on approved redomiciled company status so the company can claim tax credits.

Holding companies that want a 15% corporate regime and USD currency of account without losing contracts or licences. Groups consolidating an offshore entity into a GMC operating base. Digital asset and fund businesses relocating to be regulated by GFSO. Founders whose existing company would benefit from GMC tax incentives before the 31 December 2030 approval cut-offs.

Basnet Law Pte. Ltd. is a law firm. It is not a GMCA-empanelled corporate service provider (CSP).