Consultation outcome

Property ownership and public contracting by overseas companies and legal entities: beneficial ownership register

• From: Department for Business, Energy & Industrial Strategy
• Published: 5 April 2017
• Last updated: 22 March 2018 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

A register of beneficial owners of overseas companies and other legal entities: government response

PDF, 315 KB, 19 pages

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Detail of outcome

This document sets out the government’s response to the call for evidence on proposals for a new beneficial ownership register of overseas companies that own UK property or participate in UK government procurement.

It sets out how the government plans to implement the register in the light of the responses to the call for evidence and other views gained through the wider consultation process. It outlines how the policy proposals have developed since April 2017.

Detail of feedback received

The call for evidence received 56 responses from a wide range of stakeholders:

• 21 from representative bodies
• 19 from businesses
• 6 from non-governmental organisations
• 8 from individuals
• 1 from a local government body
• 1 from a Crown Dependency government body

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Original consultation

Summary

We're seeking views on a beneficial ownership register to increase the transparency of overseas investment in property and public contracts.

This consultation ran from
1pm on 5 April 2017 to 5pm on 15 May 2017

Consultation description

This call for evidence sets out proposals for a new beneficial ownership register of overseas companies that own UK property or participate in UK government procurement. It seeks views on the design of the policy and evidence on the possible effects of the policy.

This call for evidence will be of interest to:

• overseas legal entities which own UK property or are considering buying UK property
• overseas legal entities which are considering participating in UK central government procurement
• professional advisers and service providers for overseas legal entities
• estate agents
• conveyancing solicitors
• civil society and transparency campaigners

Documents

Overseas companies and other legal entities beneficial ownership register: call for evidence

PDF, 721 KB, 54 pages

Published 5 April 2017
Last updated 22 March 2018 + show all updates

1. 22 March 2018

   Government response published.

2. 5 April 2017

   First published.