The Register of Overseas Entities will soon be coming into force

Legislation for the Register of Overseas Entities will require the registration of overseas legal entities that acquire UK land, as well as many existing holdings. Information will be due within six months of the Register coming into force.

The Economic Crime (Transparency and Enforcement) Act (‘the Act’) became law on 15 March 2022. Among other matters, the Act legislates for the introduction of a publicly accessible register of overseas legal entities that own UK land and their beneficial owners – the Register of Overseas Entities (‘the register’). This article provides a high-level overview of the register which will be maintained by Companies House.