On 2 August 2023, the Register of Overseas Entities (ROE) update process went live. UK Companies House issued guidance on the requirements overseas entities will have to adhere to in their annual update of the ROE. Our...more
Summary We have previously informed you about the new Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). During the summer (12 July 2022), the government announced that the new Register of Overseas Entities...more
The invasion of Ukraine by Russia has pushed forward a wider government agenda to encourage transparency in relation to how overseas entities own UK real estate. We first reported many years ago on the details of the...more
3/25/2022
/ Beneficial Owner ,
Foreign Investment ,
Land Registries ,
New Legislation ,
Person with Significant Control (PSC Register) ,
Real Estate Investments ,
Real Estate Market ,
Russia ,
Transparency ,
UK ,
Ukraine
The UK Government has recently introduced the Economic Crime (Transparency and Enforcement) Bill 2022 (the Bill). Amongst other objectives, the Bill proposes the setting up of a register of overseas entities and their...more
3/8/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Choice of Entity ,
Financial Crimes ,
Foreign Ownership ,
Foreign-Owned Corporations ,
Land Registries ,
Property Owners ,
Real Estate Investments ,
Real Estate Transactions ,
Registration Requirement ,
Shareholders ,
Transparency ,
UK