Register of Foreign Companies holding property in the UK
Foreign companies owning real estate in the United Kingdom must register their details with the company registry. If a company fails to comply with this requirement, it will face restrictions on the sale of its property, in addition to having to pay fines and surcharges.
We are an accredited agent; authorised by Companies House, authorised to register foreign entities. We carry out the necessary checks on the company and its assets and complete the entity registration.
| Overseas Entity Registration fees | |
|---|---|
| Registration fee | £1200 |
| Due Diligence on the Beneficial Owner | £180 |
| HMRC Land Registry Search | £60 |
| UK Companies House preparation and filing fee | £240 |
| Expedite Service – if required | £250 |
Registration Timescale
Once we have received the required information and carried out the verification checks the registration process with Companies House takes approximately 5 to 7 business days.
Completing your Overseas Entity application with Companies House
We will require from you details of the primary shareholder of your company or/and details of the beneficial owner who owns the property.
We will also require a scan of the Passport and Proof of Address of the beneficial owner and shareholders.
Once we have received the due diligence information, we will submit the details to Companies House and your company will be added to the Register of Overseas Entities
UK Regulated Agent
We are an appointed Companies House UK Regulated Agent and are supervised under the Money Laundering and Transfer of Funds Regulations 2017.
Overseas Entity ID – HM Land Registry
Once your company has been registered, a registration confirmation ID will be issued.
When you sell the property, you will need to provide this ID to HM Land Registry.
Non-Compliance
Where an overseas company has failed to register, the company will incur:
- Restrictions on buying, selling, transferring & leasing land
- Restrictions on creating a charge against land or property in the UK
- Criminal sanctions
- Fines of up to £2,500 per day
These limitations on the ability to deal with its property are achieved by the HM Land Registry applying a restriction on the title of each registered freehold or leasehold property.