Registration of Overseas Entities Deadline

The new Register of Overseas Entities requires overseas entities that own land or property in the UK to declare their beneficial owners and/or managing officers. There will be severe sanctions for those who do not comply, including restrictions on buying, selling, transferring, leasing or charging their land or property in the UK.

Overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and tell them who their registrable beneficial owners or managing officers are.

Overseas entities who already own or lease land or property in the UK will also need to register with Companies House and tell them who their registrable beneficial owners or managing officers are, by 31 January 2023.

This applies to overseas entities who bought property or land, on or after:

1 January 1999, in England and Wales

8 December 2014, in Scotland

Overseas entities only need to register property or land bought in Northern Ireland, on or after 1 August 2022.

Entities that disposed of property or land after 28 February 2022, will also need to give details of those dispositions.

It will not be possible for an overseas entity to apply for registration unless a UK regulated agent verifies the information to Companies House. We are pleased to announce that Rawcliffe & Co Accountants are a UK regulated agent and are fully registered and able to conduct verifications on their client’s behalf.

Regulated agents also need to be registered with Companies House before they can verify information on an overseas entity. Overseas entities should bear in mind that verification may not be straightforward, so please get in touch and we can talk you through it.