Regulatory Alerts2025-05-23
Added · Updated
HKMA Circular on Company Re-domiciliation Regime for Specified Entities
The Hong Kong Monetary Authority issued this circular to outline the new regulatory requirements for Authorized Institutions, their holding companies, and Approved Money Brokers seeking to re-domicile to Hong Kong under the Companies (Amendment) (No. 2) Ordinance 2025. The document mandates that these specified entities must obtain prior Monetary Authority approval before applying for re-domiciliation and subsequently notify the regulator upon issuance of the re-domiciliation certificate and proof of deregistration in their original jurisdiction. Furthermore, the circular explicitly prohibits banks defined under the Banking Ordinance from applying for re-domiciliation to prevent public confusion regarding their authorized status, with non-compliance constituting a criminal offense.