Register Of Overseas Entities

Introduction

From 1st August, overseas entities who own property or land in the UK, must register with Companies House and tell them who their registrable beneficial owners are. Trusts are also required to disclose beneficiaries, but this is not publicly available. Lavinia Darby, Group Compliance Officer for the G&P Group, shares a guide to what this means to you if you own UK property through a trust or company.

Register of Overseas Entities

The UK created a Register of Overseas Entities (ROE) under the Economic Crime (Transparency and Enforcement) Act 2022. Whilst this initiative was on the cards for many years, the UK Government finally pushed it over the line and into reality in reaction to the invasion of Ukraine by Russia and the associated spotlight on the financial activities of wealthy Russians.