Draft Registration of Overseas Entities Bill Contents

Appendix 2: Call for Evidence

The Joint Committee on the Draft Registration of Overseas Entities Bill was appointed in February 2019 to consider the Government’s draft Bill for the implementation of a register that would require overseas companies and other legal entities that own property (i.e. real estate) in the UK to identify their ultimate principal beneficial owners. The Committee invites interested individuals and organisations to submit written evidence to this inquiry. The deadline for written evidence is 18 March 2019.

The Committee will make recommendations in a report to both Houses by 10 May 2019. In the short time available to us, the Committee will focus on the content of the draft Bill and its scope. We will not consider the merits of individual cases which have been, or are now, subject to formal proceedings in courts or tribunals.

Draft Registration of Overseas Entities Bill

The draft Bill would establish a public register of the beneficial owners of overseas entities that own or purchase land in the UK, and require overseas entities that wish to own UK land to:

Our aims

In scrutinising the draft Bill we aim to:

Areas of interest

We shall explore and would welcome views on any, or all, of the key questions outlined below:

Objectives & scope

Operation of the register

Compliance & enforcement

Delegated powers

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