New federal laws have created mechanisms to quickly and conveniently convert foreign legal entities into residents of Special Administrative Districts in Russia. While their legal address is changed, their corporate structure is preserved. At present, twelve international companies are residents of Special Administrative Districts, of which two are registered on Russky Island and ten on Oktyabrsky Island. What are the main aspects of the existing mechanism for re-domiciliation and special features of the legal regime of Special Administrative Districts, including the preferences that are granted to international companies? Can the idea of re-domiciliation become a tool to increase the appeal of the Russian jurisdiction? What has been the experience of the these first residents, and what are the prospects for further development?