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New UK Registration Requirement for Overseas Entities Owning UK Property

Director Factsheets

This Factsheet is courtesy of McCann FitzGerald LLP

The UK Government has enacted the Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) to regulate the ownership by overseas investors of property in England, Wales, Scotland or Northern Ireland. Any Irish corporate bodies, partnerships and trusts that own or intend to make property investments in the UK and their officers and beneficial owners are advised to look further into whether the Act applies to those investments.