Economic Crime (Transparency and Enforcement) Act 2022 (c. 10)

PART 1 Registration of overseas entities

Introduction

1 Overview

This Part—

(a) sets up a register of overseas entities, which will include information about their beneficial owners (sections 3 to 32), and

(b) makes provision that, broadly speaking, is designed to compel overseas entities to register if they own land (sections 33 and 34).

2 Definition of “overseas entity” etc

(1) In this Part “overseas entity” means a legal entity that is governed by the law of a country or territory outside the United Kingdom.

(2) In this Part “legal entity” means a body corporate, partnership or other entity that (in each case) is a legal person under the law by which it is governed.