Register of Overseas Entities
Overview
The Register of Overseas Entities came into force in the UK in 2022. Under these rules, foreign entities buying, selling, or transferring UK property/land must register with Companies House and declare their beneficial owners or managing officers.
The goal is to enhance transparency in the beneficial ownership structures of overseas entities holding UK land.
The Register of Overseas Entities strips away the anonymity previously used by organised crime networks to hide wealth in UK land. Mandating full identity disclosure for overseas owners and controllers isolates illicit actors while reinforcing the UK’s position as a transparent jurisdiction for legitimate business investment.
What An Overseas Entity Is
An overseas entity is a non-UK organisation, such as a company or partnership that has its own distinct legal personality.
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.
The process
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
£1,800
Services included
- Expert advice to identify the beneficial owner(s)
- Expert advice on the relevant documentations required
- Verifying the information on the overseas entity
- Verifying the information on the beneficial owners or managing officers
- Registering with Companies House and obtaining the Overseas Entity ID
- Liaising with Companies House to resolve any issues through to completion.
Plus £100.00 Companies House registration fee