It's been nearly a year since Companies House launched the Register of Overseas Entities (ROE). The Register of Overseas Entities if for those who own or are planning to acquire property in the UK.
All overseas entities must file an update statement every year, within 14 days of the anniversary of registration. The update statement will need to include any changes that have occurred to the company and its beneficial owner or confirm that no changes have been made.
LawDeb is a Companies House approved provider to act as verifier of both initial applications and renewals for the Register of Overseas Entities. Details of our service and the registration form can be found here.
No Changes Statement:
An update statement must be filed, even if there have not been any changes to the overseas entity and its beneficial owners during the update period. This confirms that the information on the register is correct.
Changes to the Overseas Entity and Beneficial Owners
If any information pertaining to the overseas entities or its beneficial owners has changed since the registration, then all updated information submitted to Companies House must be verified by a UK-regulated agent such as LawDeb.
What happens if you file your update statement late
If you do not file your update statement on time:
- you’ll be committing a criminal offence and you could be prosecuted or fined
- your overseas entity ID will not be valid, and you will not be able to buy, sell, transfer, lease or charge your property or land in the UK
- Companies House will add a note to your public record that says you have not filed your update statement
LawDeb is well-placed to undertake renewals even where we did not verify the initial registration.
Contact our dedicated team to find out about our end-to-end managed service at RegisterOfOverseasEntities@lawdeb.com
