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Collas Crill explains … Migrating a company out of Guernsey

This is part of a series of guides in which we examine areas of Guernsey law that frequently arise in practice. To view other guides in the series, click here.

Just like a person, a company can change its nationality. 

In Guernsey, the process by which a company changes its nationality or place of incorporation is called a migration. It is also commonly referred to as a continuation or redomiciliation. 

This guide looks at the key things you need to know about the process for a Guernsey company to continue its existence as a company incorporated in a foreign jurisdiction. This guide assumes that the Guernsey company is an unregulated, non-cellular company limited by shares.

Words in bold are defined at the end of this guide.


The Law allows a company to continue as a body corporate incorporated in a foreign jurisdiction if:

  • the laws of that foreign jurisdiction allow it to do so;
  • it is not being wound up or in liquidation and its assets have not been declared en désastre;
  • it is not insolvent;
  • no receiver, manager or administrator has been appointed in relation to any of its assets;
  • no interim vesting order has been made against it in respect of any of its real property in the Bailiwick of Guernsey;
  • there is no compromise or arrangement in force between it and any creditor;
  • there is no application before a court for its winding up or liquidation, to have it declared insolvent or its assets declared en désastre, to appoint any receiver, manager or administrator or to approve any compromise or arrangement; and
  • immediately before its removal from the Register of Companies it is able to satisfy the solvency test under the Law.


Foreign jurisdiction

The company must take any steps necessary for it to continue to the foreign jurisdiction under the laws of that foreign jurisdiction. These steps commonly include passing director and/or shareholder resolutions to approve it:

  • migrating to that foreign jurisdiction;
  • adopting a constitution that complies with the laws of that foreign jurisdiction;
  • appointing a corporate services provider and approving a registered office address in that foreign jurisdiction; and
  • changing its name if necessary. 


For the purposes of the Law, the procedure for a company to migrate to a foreign jurisdiction is as follows. 

  • The directors will approve the proposal to migrate the company to the foreign jurisdiction and taking all actions related to it. 
  • The proposal to migrate to the foreign jurisdiction must also be approved by a special resolution passed by the shareholders.
  • The company must give written notice of its intention to migrate to the foreign jurisdiction to all of its creditors.
  • The company must receive confirmation from Her Majesty's Procureur and the Director of the Revenue Service that they have no objection to the removal of the company from the Register of Companies.
  • The following documents must be filed:
    • the company is entitled to migrate there;
    • the company will continue to own all of its property and rights;
    • the company will continue to be subject to all:
      • criminal and civil liabilities and all contracts, debts and other obligations; and
      • actions and other legal proceedings pending against it.
    • an application form;
    • the application fee (currently £1,500);
    • a copy of the special resolution of shareholders approving the migration;
    • evidence that neither Her Majesty's Procureur nor the Director of the Revenue Service objects to the migration;
    • a declaration of compliance signed by a director of the company confirming that all the requirements of the relevant part of the Law in respect of the migration have been fulfilled;
    • a legal opinion from lawyers in the foreign jurisdiction confirming that under the laws of that foreign jurisdiction:
  • All applications to the Guernsey Registry must be made by a Guernsey corporate service provider.
  • If the company is regulated by the GFSC then it must also obtain written consent from the GFSC to the removal of the company from the Register of Companies and provide a copy of this to the Guernsey Registry. The migration must then proceed in accordance with the terms and conditions of such consent.
  • Upon satisfactory receipt of the application documents, the Guernsey Registry will publish notice of the proposed migration on the Guernsey Registry website for a period of not less than 28 days.
  • If the Guernsey Registry is satisfied that the application complies with the Law, then following the 28-day notice period, it will:
  • approve the application;
    • register the application documents; and
    • issue a certificate of migration confirming that the company has migrated from Guernsey and its name has been removed from the Register of Companies.

Once the Guernsey Registry issues a certificate of migration, the company ceases to be a company within the meaning of (and incorporated and existing under) the Law


A member or creditor of the company, or any other person to whom the company is under any obligation or liability, may apply to the court to prevent or, if already effective, reverse the migration of a company out of Guernsey.

If the court is satisfied that the removal of a company from the Register of Companies would unfairly prejudice a member, creditor or any other person with whom the company is under any obligation or liability, then the court may make such order as it thinks fit in relation to the removal of the company from the Register of Companies. This could be an order directing that the migration of the company shall not take place or that the migration shall only take place subject to such terms and conditions as the court thinks fit.

Solvency test

The solvency test mentioned under Eligibility is as follows. 

Having regard to the most recent accounts of the company and made full inquiry into its affairs, each director reasonably believes that the company is and, if the application to migrate to Guernsey is granted, will immediately before its removal from the Register of Companies:

  • be able to pay its debts as they become due; and
  • that the value of the company's assets is greater than the value of its liabilities. 


Under the Law, it is an offence for a person to make a declaration of compliance to the Guernsey Registry containing any information in connection with a migration which is false, misleading or deceptive in a material respect. 

If a person commits such offence, on conviction, the person is liable to a fine.

Terms used

foreign jurisdiction – a jurisdiction outside Guernsey 

GFSC – the Guernsey Financial Services Commission

Law – The Companies (Guernsey) Law, 2008

Register of Companies - the register of companies in Guernsey

special resolution – a resolution passed by a majority of not less than 75% of shareholders entitled to vote



This note is a summary of the subject and is provided for information only. It does not purport to give specific legal advice, and before acting, further advice should always be sought. Whilst every care has been taken in producing this note neither the author nor Collas Crill shall be liable for any errors, misprint or misinterpretation of any of the matters set out in it. All copyright in this material belongs to Collas Crill.