Case studies: Register of Overseas Property Filing services

Our client is an offshore corporate services business, based in Gibraltar, that provides individuals and companies with bespoke trust, accounting, corporate, legal, private client and office services.

We currently support 16 of their clients which own companies that hold UK property

We provide quick delivery turnaround

We achieve improved quality control

We ensure an efficient compliance  process

‘As part of our client’s strategic objective to outsource their UK delivery for statutory filings to a local partner, Accace has provided Overseas Property Registers  services for their clients.

In recent years, many jurisdictions, including the UK, have introduced stricter regulations surrounding the ownership and disclosure of overseas property holdings.

The UK implemented its Overseas Entities Register under the Economic Crime (Transparency and Enforcement) Act 2022. It requires overseas entities that own UK property or land to declare their beneficial owners or managing officers. By partnering with us, our client has successfully complied with the UK’s Overseas Entities Register filing requirements.

The filings not only prevented potential legal penalties but also enhanced the transparency of the client’s ownership structures, a growing demand from regulators worldwide.’

Michelle Martin | Managing Director of Accace Adept UK

Business impact

LEVERAGING OUR competence
  • Our Know your customer checks and communication made provided correct evidence to identify the true beneficial owners, to support the overseas property register submission to file appropriately within the legal deadline.
  • With the growing global focus on corporate transparency and compliance, companies operating internationally must rely on expert guidance to navigate the challenges involved.
  • To ensure continuous compliance, we have implemented a system for annual reviews to ensure ongoing compliance.
LEVERAGING OUR TECHNOLOGY
  •  Leveraging technology to automate routine tasks, and alert us of upcoming legal deadlines reducing the likelihood of human error and improving overall efficiency.
  • Utilizing best-of-practice software to ensure compliance and accuracy.
LEVERAGING OUR COMMUNITY
  • Our company secretarial subject matter experts ensure Regular Updates and Monitoring: Once filings are completed, we continue to monitor regulatory updates to ensure that any changes to the property holdings were reported to the Land Registry promptly.
  • Our services are scalable, allowing the client to manage increased financial transactions efficiently as their business grows.
  • Full compliance with international tax laws and corporate regulations, thanks to our global reach, expertise and proactive approach.

 

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