Asked by: Stephen Kinnock (Labour - Aberavon)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many entities registered with Companies House for the Register of Overseas Entities in (a) August 2022, (b) September 2022 and (c) October 2022.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
The number of accepted registrations for the Register of Overseas Entities in August 2022 was 221, with a further 958 registrations in September 2022, and 1,430 registrations in October 2022.
Asked by: Stephen Kinnock (Labour - Aberavon)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many entities required to register with Companies House for the Register of Overseas Entities by 31 January 2023 have not done so.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
At the end of 2021, there were around 32,000 unique overseas company names attached to property in England and Wales and around 95,000 properties registered to overseas companies in England and Wales. As at 8 November, 3214 entities have registered. Existing entities have until the end of the transitional period to register. The overwhelming majority of existing overseas entities that must register hold property in England and Wales.