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. 31st January 2023 closing date for registration. |
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Do you a own ?
a property in the UK
Is it registered in a company, partnership or other entity name?
Register an overseas entity
31 January 2023 deadline
We Can Advise You On Overseas Entity Registration And More. Get In Touch
Protect your Property
Prevent fines
Non-compliance can result in a daily fine or a prison sentence of up to five years.
Do you a own ?
a property in the UK
Is it registered in a company, partnership or other entity name?
Register an overseas entity
31 January 2023 deadline
We Can Advise You On Overseas Entity Registration And More. Get In Touch
Protect your Property
Prevent fines
Non-compliance can result in a daily fine or a prison sentence of up to five years
ABOUT US
We are boutique law firm based in the area of Gants Hill, Essex. We offer advice and assistance in all the main areas of law. Our client’s range from individuals, companies and partnerships to educational institutions, who are based globally to those who have instructed the firm following a recommendation or repeat instructions.
On 15 March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 received royal assent. This act sets out the law regarding the register of overseas entities (“The Register”), a public register containing information about non-UK entities that own UK land and their beneficial owners. The Register, which is maintained by Companies House, opened on 1 August 2022.
Non-compliance can result in a daily fine of up to £2,500 per day or a prison sentence of up to five years. In addition, restrictions will be put in place to prevent certain transactions from being undertaken in relation to the UK land e.g. the sale of the land. There will also be restrictions placed on registering land on the land registry. This may impact on the term of any borrowings secured on the UK land. Given the consequences of non-compliance it's vitally important that offshore entities holding UK land consider the new rules carefully and take steps to comply with them at the earliest opportunity as the deadline coincides with the annual tax return filing deadline.
An overseas entity is defined as a legal entity governed by the law of a country or territory outside of the UK, including a company, partnership or other entity that is a legal person under the law by which it is governed.
Take action before the 31st January 2023 deadline. For professional advice tailored to your unique circumstances, please fill in the form below and one of our experts will be in touch to discuss your requirements and how we can help.
Our aim is to offer a personal, tailored and pragmatic legal service to our clients so that we can give advice that is in our client’s best interest. We achieve this by working closely with our clients which inspire trust and confidence in our legal services. We do not view an instruction in isolation and believe in building long standing business relationships with all our clients, resulting in a network of contacts which also benefits our clients.
