Let me explain the registration process for overseas entities interested in buying and selling properties in the UK.

This process involves two main stages, first one is verification of the Overseas Entity, it’s beneficial owners and managing officers.

Second stage is registration of Overseas Entity, its’ beneficial owners and managing officers to the Companies House.

You will find the stages of the process below.

Step 1: Determine Eligibility:

Before beginning the verification and registration process, we must confirm that the entity qualifies as an overseas entity under UK law. Typically, this means the entity is governed by laws outside the UK and possesses legal personality.

Step 2: Gather Required Information:

We must collect detailed information about Overseas entity and its beneficial owners. This includes the entity’s name, registration number, registered address, and the identities of its beneficial owners and managing officers.

Step 3: Verification Checks:

As a regulated agent we will perform verification checks to ensure the accuracy of the information provided. This may involve verifying documents or contacting beneficial owners.

Be prepared to assist with any additional information or documentation requested.

Required documents:

Documents for Overseas Entity:

•         The name of the overseas entity
•         Public Register which shows Registered number
•         Law by which it is governed
•         The Overseas Entity ID (if any)
•         The address of the Overseas Entity
•         Service Address

Documents for beneficial owners and managing officers:

•         Certified Copy of Share Certificate,
•         Certified Copy of Passports,
•         Certified Copy of National Identity,
•         Bank Statements, Utility Bills, or Letters from an Official body,
•         Mobile numbers,
•         email addresses 

After completing above process, we will issue “Verification Checks Statement” to the Companies House.

Step 4: Registration to Companies House

The OS IN01 form is a must for registration. We have to make sure to fill in all the details about the entity’s legal structure, business activities, and the names and addresses of its beneficial owners accurately. Getting this right is key to avoiding any delays.

Also, we must no forget to include registration fee of £234 pounds (as of October 2024) with completed form.

Step 5: Receive Overseas Entity ID

Once the registration is approved, Overseas entity will receive a unique "Overseas Entity ID". This ID is crucial for property transactions, such as buying, selling, transferring, leasing, or charging UK property or land.

Congratulations! You're all set and registered. 🎉 But remember, it doesn't stop here.

Every year, you'll need to file an update to make sure all your info is still accurate. This helps you avoid any penalties and keeps your Overseas Entity ID valid.

Hope this clears everything up! If you have any more questions click below.