Any overseas entity acquiring a Qualifying Estate must register on the Register of Overseas Entities (ROE). The ROE opened for registrations on August 1, 2022. Since September 5, 2022, an overseas entity that is not registered on the ROE cannot register its acquisition of a Qualifying Estate at the Land Registry and therefore cannot obtain legal title to that Qualifying Estate.
On registering on the ROE, an overseas entity must supply extensive information about itself and its registrable beneficial owners. The ECCTA will extend this requirement, so that on registering and in its annual update an overseas entity must also disclose:
- The title numbers of all Qualifying Estates it is registered proprietor of.
- More information about trusts.
Please see full publication below for more information.
