Elemental delivers a fully managed Register of Overseas Entities service that supports international businesses to declare their ownership of UK real estate on the register, maintained by Companies House.
Registration and Verification
To register on the Register of Overseas Entities, an overseas entity needs to ensure that the information submitted is verified by a UK regulated agent, also known as a ‘relevant person’. Elemental is a UK regulated agent and has been acting for law firms and clients since the legislation was first introduced.
Complete our online or MS Word Register of Overseas entities form.
Elemental will assist you with any help to ensure the details are complete and accurate, for example identifying the beneficial owners or managing officers of the OE.
Elemental will carry out the necessary verification checks on the information and documentation supplied to us.
We will not only verify the overseas entity but also the beneficial owners to meet all the requirements.
Verification for the Register must be carried out by a UK regulated agent, such as Elemental.
We will submit the details to Companies House and handle any objections until completion.
We will handle the annual update at Companies House and all the relevant verification that will be required, in the same manner as the original verification and registration.
We offer a comprehensive Register of Overseas Entities service.
All your verification records securely stored using market leading software.
Our team of experts will manage the process for you.
Our clear fee structure means no hidden costs.
All UK legal requirements met.
Never miss a deadline, with our filing alerts.
Our paperless verification process is seamless and efficient.
Easy access from anywhere in the world with our digital mailroom
In certain circumstances you can restrict disclosure of your personal information that appears on the Register of Overseas Entities.
Our Fees Explained
A fully managed service with expert advice
Our fixed fee (£1250+vat) includes:
Companies House has a £100 registration fee (not included). Discounts are available for multiple overseas entities within a group and overseas entities with single beneficial owners from EU jurisdictions. Please contact us to discuss.
|Service Address for up to two individuals||£150 per year|
|Verifying the information on extra beneficial owners or managing officers||£150|
|Priority Services to fast-track application||£500|
|Section 12 Information Request Notice||£125|
For our fees, we assume:
A full copy of our ROE terms and conditions can be found here.
Professional help, for professional advisors
Elemental specialises in supporting professional advisors and intermediaries who are unable to carry out the client work themselves.
As a regulated firm, with considerable experience assisting overseas entities with their existing reporting obligations in the UK, Elemental is able to offer the ROE service at scale directly with clients through referral or in conjunction with their professional advisors.
– Corporate and Real Estates Legal teams
– Accounting Firms
– Property Development Companies
– Corporate Services Providers and Trust Providers
– Families Offices
– Investment Funds
Frequently Asked Questions
Yes we do. Overseas entities that are affected by the rules are registered in 213 countries (Land registry, as at August 2022). Although around 70% of entities are registered in British Virgin Islands (BVI), Jersey, Guernsey and Isle of Man. We cover all jurisdictions whether they have a public register or not, with the exception of countries that appear on the UK sanctions list. We assume that where the overseas entity is registered in a jurisdiction without a public registry, the corporate service provider in that jurisdiction will certify all relevant details, including the ownership structure.
Yes, we can complete the final stage and register with Companies House to obtain the Overseas Entities ID. In keeping with guidance from Companies House this is our default approach. Companies House has outlined that it is quicker and easier for the UK-regulated agent to complete the registration. In rare situations, if the overseas entity had a valid reason to wish to register directly, we would charge a premium for this because there would be more work and risk involved.
Yes, some firms are only offering registration and verification to their existing overseas clients where there is a pre-existing relationship. As a corporate services provider, we can offer this service to both existing clients and all other affected overseas entities.
We have fixed fee pricing for most of our Register of Overseas Services with the exception of the verification of trusts or advising on identifying beneficial owners. Our fees are the same for new and existing clients. As a specialist corporate service provider with established processes for carrying identity checks and filing with Companies House we can offer clients a fully managed register of overseas entities service at rates that are usually much more competitive than law firms and other professional advisors.
Yes we do and we are agnostic as to whether we are engaged by the law firm or the overseas entity. It would typically work in one of two ways:
Where an advisor wanted to carry out the first stage of identifying the beneficial owners but needed our help as a UK regulated agent to carry out verification, we can do this but would always encourage them to speak to us early in the process.
Primary liability for the ROE is under s32 ECTEA. In our view an advisor would only be liable if they had, without reasonable excuse, ‘caused to be delivered to the registrar any document that is misleading, false or deceptive in a material particular’. As long as the advisor was not deceptive, then part of any reasonable excuse would be that Elemental was verifying the information.
Get in touch and we would be happy to share our experiences of helping law firms and their clients with the Register of Overseas Entities.
A dual-qualified company secretary and solicitor, he initially trained at Linklaters and later worked for Macfarlanes. Tobias works directly with a number of energy clients on company secretarial, corporate governance and corporate law. He holds a Masters in Banking & Finance Law from Queen Mary University of London and is a fellow of the Chartered Governance Institute.
Nick Lindsay is Founder and Director of Elemental and heads up the Governance and Corporate Services teams. He is an experienced corporate lawyer and qualified Chartered Company Secretary. Prior to starting Elemental, Nick trained at Olswang in London (now part of CMS). He has also worked in-house at the BBC Worldwide Visa Europe.