Registration of Overseas Entities holding UK Property
19 December 2023
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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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
