Register of Overseas
Entity
Register your overseas entities to comply with legal requirements.
The Register of Overseas Entities was created under the Economic Crime (Transparency & Enforcement) Act 2022 and will be held at Companies House. Any overseas entity buying, transferring, leasing or selling land or property within the UK must declare its beneficial owners and or/managing officers in order to provide greater transparency.
What documents are required?
Registration requires the following documents:
- Proof of ID and proof of residential address for all beneficial owners and/or managing officers
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Registers of Directors and Members
All of the above documents must be certified within the previous three months.
Application process
The application process is completed online with Companies House. As a UK Regulated Agent, 1st Choice Incorporations can authenticate your registration and file your application.
Once the application is submitted to Companies House, they usually take around 2-3 working days to provide a registration update. Upon successful registration, the entity will be provided with a unique Overseas Entity ID to be provided to the Land Registry. The details on the Register must be reviewed and confirmed annually with Companies House.
Penalties
Anyone found to be non-compliant with the Economic Crime (Transparency & Enforcement) Act 2022 will be committing a criminal offence, liable for a fine of up to £2,500 a day or a 5-year prison sentence, in addition to restrictions on what they can do with land or property they own or wish to purchase or sell.
Fee
1st Choice Incorporations are registered with Companies House as a UK Regulated Agent, we can register your overseas entity. Please contact us today to receive a quote for this service.
Further guidance
For more information, contact our team to discuss your registration here.
“I have never seen a company so quick in getting the job done and above all, assist you under every aspect during the process. They spent so much time with me over the phone/online chat to help me out when l needed. That’s great. Absolutely top end service.”
MR OBINU
Ways To Buy
Form a company today
If you would like to order this service and form a company with us, you can choose from our list of formation packages.
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Sign up and register an account with us. Then import your company into your account and then purchase the service.
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