Overseas Entity Registration
Overseas companies had until the 31 January 2023, to declare their beneficial owners and register these with Companies House.
Overseas companies which failed to meet this deadline will now face severe restrictions on their ability to buy and sell property and could risk financial penalties or prosecution.
We are an approved Companies House UK Regulated Agent and can complete your Overseas Entity Registration. We have the Companies House agent assurance code for registering overseas entities and can carry out the verification checks.
|Overseas Entity Registration fees|
|Due Diligence – per Director & Shareholder||£80|
|HMRC Land Registry Searches||£20|
|Companies House filing fee||£100|
UK Companies House
Under the Economic Crime (Transparency and Enforcement) Act, a new Register of Overseas Entities has been created by Companies House. Companies House is an executive agency of the UK Government and the UK’s Registry of company information.
Authorised Agent to complete your Overseas Entity application with Companies House
We require from you copies of the following documents or in some cases we can obtain them direct from the Companies Registry
- The Register of Directors and the Register of Shareholders
- The Incorporation documents including the Memorandum & Articles of Association
- We may require a recent Incumbency Certificate drafted by the Registered Agent – disclosing the Directors and Shareholders
These company documents can be emailed directly from your Registered Agent, alternatively with your permission we can contact your Registered Agent directly to obtain the required documents.
Verification must be completed on the basis of the documents and information obtained from a reliable source, independent of the client.
We will all require a copy Passport and Proof of Address for each Director and the principal Shareholders.
Once we have received, checked and verified the above company documents and due diligence, confirmation of verification is submitted to Companies House and your overseas entity will be added to the Register of Overseas Entities.
Once we’ve received all the require documents and carried out the verification the registration process with Companies House is currently taking around 3 days.
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 – UK Land Registry
Once the overseas company has been registered, an overseas entity ID will be issued by Companies House.
When you buy, sell, transfer, lease or charge property or land in the UK, you’ll need to provide this ID to HM Land Registry.
An annual update is due one year after the date the overseas entity was registered, and every year after that.
The update must be filed no later than 14 days after the due date. The update must confirm any changes to the overseas entity since its registration.
There will be a filing fee including Companies House fee of £280.
Trusts & Trustees
If any trustees of a trust are registrable beneficial owners, you’ll also need to give information about that trust.
This includes details about the beneficiaries, settlors, grantors, and interested persons. It also includes each person who has ever been a beneficial owner in relation to the overseas entity, by being a trustee of the trust.
Where an overseas entity has failed to register, the relevant entity will be unable to:
- 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
- Possible prison sentence of up to 5 years
These limitations on the ability of an overseas entity 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.