{"id":311,"date":"2022-09-22T18:48:43","date_gmt":"2022-09-22T22:48:43","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/london\/?p=311"},"modified":"2022-09-22T18:48:43","modified_gmt":"2022-09-22T22:48:43","slug":"new-compulsory-registration-requirements-for-non-uk-entities-holding-real-estate-in-the-uk","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/london\/2022\/09\/22\/new-compulsory-registration-requirements-for-non-uk-entities-holding-real-estate-in-the-uk\/","title":{"rendered":"New Compulsory Registration Requirements for Non-UK Entities Holding Real Estate in the UK"},"content":{"rendered":"<p>Various provisions of the Economic Crime (Transparency and Enforcement) Act 2022 (the <strong>Act<\/strong>) came into effect on 1 August 2022 with the intention of increasing the transparency of the ultimate ownership of UK real estate and prevent the use of non-UK entities by those seeking to disguise ownership for the purpose of money laundering or other illegitimate purposes.<\/p>\n<p>The Act has introduced new compulsory requirements for any non UK corporation, partnership or other entity that is a legal person under its governing law (<strong>Overseas Entity<\/strong>) that owns or acquires a qualifying estate in any real estate in the UK to register itself and details of its managing officers (e.g. director, manager or secretary) and beneficial owners at UK Companies House in a newly created Register of Overseas Entities (<strong>ROE<\/strong>).<\/p>\n<p>To read the full text of this Duane Morris <em>Alert<\/em>, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/new_law_brings_compulsory_registration_requirements_non_uk_entities_holding_real_estate_uk_0922.html\" target=\"_blank\" rel=\"noopener\">visit the firm website<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Various provisions of the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) came into effect on 1 August 2022 with the intention of increasing the transparency of the ultimate ownership of UK real estate and prevent the use of non-UK entities by those seeking to disguise ownership for the purpose of money laundering or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/london\/2022\/09\/22\/new-compulsory-registration-requirements-for-non-uk-entities-holding-real-estate-in-the-uk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Compulsory Registration Requirements for Non-UK Entities Holding Real Estate in the UK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":442,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"ppma_author":[143],"class_list":["post-311","post","type-post","status-publish","format-standard","hentry","category-general"],"authors":[{"term_id":143,"user_id":442,"is_guest":0,"slug":"duanemorrislondon","display_name":"Duane Morris London","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/cbf8a6345c4704b4ae1a3609d16b3aabfc4b8d73ee39ca500fb1b83d47deebbe?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/posts\/311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/users\/442"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/comments?post=311"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/posts\/311\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/media?parent=311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/categories?post=311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/tags?post=311"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/london\/wp-json\/wp\/v2\/ppma_author?post=311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}