If you or your company are based abroad and own a property in the UK, you need to register on the Register of Overseas Entities.
As authorised agents, ProSec can do this for you – from verifying your identity to completing the Companies House registration and filing your annual update.
We can do it all for you – from identifying and verifying who the beneficial owners are to completing the registration.
Identity Checks
Verifying the identity of the beneficial owners is a key part of the registration process. ProSec can ensure this is done correctly.
Companies House Registration
ProSec are authorised agents which means we can complete the whole registration process for you.
Additional Services
Companies will need to serve a s12 notice on their beneficial owners. ProSec can provide you with the notice.
Annual Updates
Companies House requires an annual update of the verified information. ProSec can do this for you (additional fees apply).
Frequently Asked Questions
What is the Register of Overseas Entities?
This is a Companies House register launched on 1st August 2022 following the passing of the Economic Crime (Transparency and Enforcement) Act 2022. It requires that any overseas entity that owns property in the UK register itself with Companies House.
Can I register my own company?
The law states that before an overseas entity can be registered, a UK-regulated agent must complete verification checks on all its beneficial owners or managing officers. The agent must submit its agent assurance code and an overseas entity verification checks statement as part of the registration process. ProSec are registered authorised agents which is why we are offering to complete the registration on your behalf.
How long does the registration take?
The registration is quite quick - often 24 - 48hrs and sometimes the same day. However, identifying the beneficial owners, completing the ID checks and other related paperwork takes time and has to be completed before the registration is submitted.
How does the ID verification process work?
Once the beneficial owners or managing officers have been identified, their ID documents (passport and proof of address within the last 3 months) need to be certified. This can be done either using an e-verification app or by sending wet ink original certified documents to us as hard copies. The information is then verified and we can proceed with the registration.
Do we need to complete any other paperwork?
If a company has beneficial owners, they need to confirm their owner status. This is done using a s12 notice which is sent by the overseas entity. ProSec cannot serve the notice for the overseas entity, but we will provide the wording for the letter to ensure it complies with the law.
Does the registration need updating?
Every year the overseas entity needs to file an annual update whether there have been any changes or not. ProSec will contact you 6 weeks before the update is due to start the update process.
Does the fee include any fees payable to Companies House?
No. The fee is for ProSec to make the filing. The Companies House filing fee is additional and this is set by Companies House.
What else can you do for my company?
We also offer an annual CoSec service, a central London Registered Office address service and a new company Incorporation service as well as more bespoke services such as digitising your company registers, creating board minutes, shareholder resolutions, articles of association, an iterative cap table, dissolving your company or just running a CoSec MOT to check everything is in order. If you need any of these services, please Contact Us for a quote.
What our customers say
Quick turnaround, no task too difficult and cost effective. ProSec’s full service corporate secretarial support is invaluable to our business.
I can’t think why we did it in house for so long!
Peter Aldis, General Counsel, Frasers Property United Kingdom
As our portfolio of companies grows I was concerned there would be a filing I might have forgotten, but working with ProSec has taken this worry away. I have peace of mind that I can ask ProSec to update our company records and it is done.
Simon Ling, Director, ThreeSixty Investments Limited
We have worked with ProSec for the last 3 years. Despite having a complicated group structure, we have no stress in managing our many filing responsibilities with Companies House as we have outsourced the whole function to ProSec. They have never let us down. They respond in an efficient and personable manner and it is just refreshing to have an administrative burden cause us no angst. We don’t recommend often but we happily and wholly recommend ProSec.
Alistair Wragg, Group Finance Director, Detertech Group
Engaging ProSec has been transformative. No more late filings and no infuriating time wasted trying to decipher Companies House forms.
David Hill, Director, Whyte & Brown Limited
Companies House filings are rarely a priority, that is until you are being fined and threatened with closure. Thanks to ProSec I can now forget about them completely.
Peter Read, Founder, Pelican Exchange Limited
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