Redomiciliation to GMC

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.

Reserve the intended name, since registration is not possible without a reserved name.

Prepare the application, the certified copy of the existing constitutional documents and the new GMC constitution.

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

Manage 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 apply for 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.