Skip to main content
CLOSE

Charities

Close

Corporate and Commercial

Close

Employment and Immigration

Close

Environmental, Social, and Corporate Governance

Close

Fraud and Investigations

Close

Individuals

Close

Litigation

Close

Planning, Infrastructure and Regeneration

Close

Public Law

Close

Real Estate

Close

Restructuring and Insolvency

Close

Energy

Close

Entrepreneurs

Close

Private Wealth

Close

Real Estate

Close

Tech and Innovation

Close

Transport and Infrastructure

Close
Home / News and Insights / Insights / UK Register of Overseas Entities is now live

This article was first published in our Primed International newsletter which provides monthly legal insights from our international team. Be the first to receive the next edition and subscribe here.

Corporate trustees outside the UK, who directly hold UK real estate, will be required to register on the UK’s Register of Overseas Entities (ROE), according to guidance issued in August 2022.

Legislation introducing the requirement to register on the ROE came into force on 1 August 2022. Under the new rules, most overseas companies and other overseas entities holding UK real estate are now required to file certain details about their beneficial owners on the ROE, which is held at Companies House.

It was initially thought that offshore corporate trustees holding real estate directly would not be required to register on the ROE. However, technical guidance, issued in August 2022, suggests that details about the corporate trustee including its name, country of incorporation, registered office and contact details will in fact need to be registered.

In addition, any ‘registrable beneficial owner’ of the trustee company (broadly meaning an individual or entity which holds over 25% of the shares or voting rights) will need to be registered. Details of the trust itself do not need to be provided if the trust holds the real estate directly.

If the corporate trustee holds the UK real estate via an overseas company, more detail needs to be provided. This includes certain details about the trust, as well as the name, nationality and address of individuals who have significant influence over the trust (often settlors and protectors). However, unlike many other details held on the ROE, the information relating to trusts will not be made public.

We will be following the discussions in relation to the rules and the guidance and will provide updates in due course.

Related Articles

Our Offices

London
One Bartholomew Close
London
EC1A 7BL

Cambridge
50/60 Station Road
Cambridge
CB1 2JH

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
4 Grosvenor Square
Southampton SO15 2BE

 

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
4 Grosvenor Square
Southampton SO15 2BE

  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB Pitmans 2024. One Bartholomew Close, London EC1A 7BL - T +44 (0)345 222 9222

Our Services

Charities chevron
Corporate and Commercial chevron
Employment and Immigration chevron
Environmental, Social, and Corporate Governance chevron
Fraud and Investigations chevron
Individuals chevron
Litigation chevron
Planning, Infrastructure and Regeneration chevron
Public Law chevron
Real Estate chevron
Restructuring and Insolvency chevron

Sectors and Groups

Private Wealth chevron
Real Estate chevron
Transport and Infrastructure chevron