Overseas entity on the Register of Overseas Entities
A non-UK entity that owns, or wants to deal in, UK land must register at Companies House. It discloses its registrable beneficial owners or managing officers and receives an Overseas Entity ID.
- Entiva fee to form
- $1,729
- Government fees to form
- £250
- Run plan
- $49 a month
- Steps to form
- 1
- Ongoing filings
- 1
- Ways to close
- 1
Who it suits, and what defines it.
Governed by the Economic Crime (Transparency and Enforcement) Act 2022.
Who it suits
- Non-UK entities that own UK land.
- Non-UK entities that want to buy, sell, transfer, lease or charge UK land.
Key facts
- Applies to
- Non-UK entities with UK land
- Entity ID
- An Overseas Entity ID on registration
- Registration fee
- £250 online
- Annual update fee
- £134 online
- Removal fee
- £301 online
- Verification
- By a UK-regulated firm
- Update statement
- Within 14 days of the due date
- Law
- Economic Crime (Transparency and Enforcement) Act 2022
What the law requires.
6 rules, each in plain words.
Disclosure of beneficial owners or managing officers
The entity must register at Companies House and disclose its registrable beneficial owners or managing officers.
Verification by a UK-regulated firm
The firm is supervised under the Money Laundering Regulations 2017 and holds a Companies House assurance code.
An annual update statement
It is filed no later than 14 days after the due date.
Land in scope
That means land acquired on or after 1 January 1999 in England and Wales, 8 December 2014 in Scotland or 5 September 2022 in Northern Ireland.
Entities that disposed of land after 28 February 2022
They must also register and report the disposal.
Penalties for non-compliance
Fines and imprisonment are possible, and the land register will restrict dealings with the property.
How Entiva forms it.
1 step. Entiva prepares and files each one, and collects every signature the law needs.
The steps
1 step- 1Register on the Register of Overseas Entities
Owners and managing officers are verified first, no more than 3 months before. Government fee: £250 online.
Documents
8- Extract from the entity's home register, dated within 3 months
- Constitution or governing document
- Register of members with shares and voting rights
- Ownership and control chart down to the individuals
- Evidence of each beneficial owner's interest
- Board resolution naming the authorised signatory
- Verification checks statement
- Companies House notice of registration with the Overseas Entity ID
Who takes part
5- Each individual beneficial owner is verified, with checks no more than 3 months old
- A legal entity that is a beneficial owner is checked, down to the individuals who own it
- Managing officers are verified when beneficial owners are not fully identified
- Trustees, settlors and protectors are included where a trust is in the chain
- An authorised signatory instructs Entiva and confirms the information
What has to be filed, and when.
Entiva tracks every deadline from the day it is formed, and files before each one.
Every year, and as things happen
1 filing- File the annual update statement
Every 12 months, no later than 14 days after the statement date
The changes Entiva handles.
Each change is prepared, approved, signed and filed.
The most common changes
1 change- Change the entity's address or email
How it closes.
One route, filed step by step.
Voluntary removal from the register
When the entity has disposed of all its in-scope UK land and is no longer the registered owner.
- 1
Check that no update statement is outstanding
- 2
Check Land Registry records show the entity is no longer the owner
- 3
Confirm the information on the register is correct
- 4
Apply to remove the entity from the register
What Entiva does for you.
From the first filing to the last.
Overseas entity on the Register of Overseas Entities
- Verifies every beneficial owner and managing officer, then files the registration.Formation
- Files the annual update statement, with fresh checks on anything that changed.Ongoing
- Updates the entity's address, service address or email on the register.Ongoing
- Checks the land registers and update statements before applying for removal.Closing
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$1,729one-off
- Government fees
- £250
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- Routine changes
- Every deadline tracked
Extra, at a fixed fee
- Register on the Register of Overseas Entities
- File the annual update statement
- Change the entity's address or email
Each extra is quoted before it starts, and nothing is done until you approve it.
Forming it
Entiva's formation fee is $1,729, one-off. Government fees are passed through at cost.
£250 online, paid by credit or debit card. £528 on paper. Update statement £134, removal £301 and trust information £55 are separate.
Excludes steps marked only if needed.
Every year
The Run plan costs $49 a month ($588 a year).
£134 online by card, £268 paper.
Changes
Routine changes are included in the Run plan.
£134 online per update statement.
Closing it
Closing is a fixed-fee project, quoted before it starts.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
Start with your first company.
We are onboarding a small group of founders and finance teams with entities in more than one country.