The Register of Overseas Entities came into force on 1 August 2022. Overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and tell us who their registrable beneficial owners or managing officers are.
A UK-regulated agent must complete verification checks on all beneficial owners and managing officers of an overseas entity before it can be registered with Companies House.
They must be based in the UK and supervised under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. They can be an individual or a corporate entity, such as a financial institution or legal professional.