The Register of Overseas Entities came into force in the UK on 1 August 2022 through the new Economic Crime (Transparency and Enforcement) Act 2022. Under the Act, overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and disclose who their registrable beneficial owners or managing officers are.
This is aiming to increase transparency in the ownership of overseas entities that own UK land. Organised crime has previously used the anonymity of opaque corporate structures to invest in UK land and remain largely invisible. The Act requires that those who own and control such entities must be identified. This will help to expose those engaging in criminal activity and allow the appropriate action to be taken, while making sure that legitimate businesses continue to see the UK as a great place in which to invest.
What an overseas entity is
This is a legal entity, such as a company or other organisation, that has legal personality and is governed by the law of a country or territory outside the UK.
Who we are
We are a group of legal professionals that are regulated under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. We are a UK regulated agent authorised by the UK Companies House. We are competent and experienced to carry out verification checks as required by the Act. We have helped some overseas entity successfully complete their registration since the enact of the new Act.
We collect information about the overseas entity and its relevant documents
We carry out the necessary verification checks by following our usual normal procedure that are regulated under the professional conduct code.
We will then carry out the registration process by submitting the details to Companies House
We will carry out the Annual Renewal at Companies House which may involve new verification process that are alike to the original process at the first registration.
A fully managed service with expert advice
Plus £100.00 Companies House registration fee