Legal Guidance for the Register of Overseas Entities by Solicitors in Greenwich, London
Brown & Co Solicitors is an experienced solicitors’ firm in Greenwich, London, that provides professional services for companies or individuals based overseas who need to register with Companies House in order to buy, sell or transfer a property in the UK.
Based overseas and need specialised legal services relating to UK property? Call us now.
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Understanding the register of overseas entities
Overseas entities wishing to buy, sell, or transfer property in the UK must now register their beneficial owners or managing officers with Companies House as of 1 August
2022. If you fall into this category, contact Brown & Co Solicitors in London to see how we can help. Navigating the complexities of the register of overseas entities can be daunting, but it is a crucial step for businesses operating across borders. Whether you are acquiring property, managing assets, or establishing a presence in the UK, our team is here to guide you through the process. With over a decade of experience, we understand the unique challenges faced by overseas entities and offer practical solutions tailored to your needs. Our commitment to clarity and precision ensures that your legal obligations are met efficiently and effectively. Meet our team and contact us today to discuss your needs.
Helping you gain clarity and ensure compliance
When it comes to property, an overseas entity must serve an information notice on each registrable beneficial owner, to confirm that the information that the entity retains on them is correct and to provide any missing information.
The overseas entity must file the relevant information with Companies House and an approved agent (who is also regulated under the anti-money laundering legislation in the UK) and who has received an assurance code from Companies House, can also make the submission. The agent is required to verify the information provided by the overseas entity/beneficial owner(s), before making the submission and must also make a declaration.
Brown & Co Solicitors are approved agents who can verify your details and make the required submission to Companies House. We are experienced solicitors in Greenwich, London, who regularly provide residential conveyancing, commercial conveyancing, investigations, and more. We specialise in commercial property law and we are here to help you. Call us today.
Who needs to register?
Any beneficial owner must be registered. A ‘beneficial owner’ is defined as one of the following:
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An individual person;
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Another legal entity, such as a company.
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A government or public authority;
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A trustee of a trust;
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A member of a firm that is not a legal person under its governing law; AND
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Fulfils one or more of the following criteria:
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Holds, directly or indirectly, more than 25% of the shares in the entity;
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Holds, directly or indirectly, more than 25% of the voting rights in the entity;
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Holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of the entity; or
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Has the right to exercise, or actually exercises, significant influence or control over the entity
"Excellent service by Winston of Brown & Co, Solicitors. He performed admirably and got a positive result for me. I was impressed with his work rate and application. He maintained a very good communication level and was honest in his dealings with me. I would have no hesitation in recommending his services."
- DesO-7, Yell Review
