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The Economic Crime (Transparency and Enforcement) Act

Are you an overseas entity that owns properties in the UK or has a lease of more than seven years relating to UK properties? If so, from 1 August 2022, you will be required to comply with the Economic Crime (Transparency and Enforcement) Act and may need to submit details of your beneficial ownership for the purposes of a new Register operated by Companies House.

To help you understand whether the new rules affect you and how they work, we have provided a helpful summary here.

With only a six-month grace window to comply with the ECA once the register is launched, companies must swiftly take action to consider any potential new obligations.

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