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Update

Registration of Overseas Entities holding UK Property

minute read
19 December 2023

Update

Update

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On 15 March 2022 the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) was given Royal Assent. The Act aims to (1) set up a register of overseas entities and their beneficial owners and require overseas entities who own land to register in certain circumstances; (2) make provisions in relation to unexplained wealth orders; and (3) make provisions in relation to sanctions.

The Overseas Entities Register officially came into force on 1 August 2022.

 

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