Two thirds of overseas property owners anonymous

More than 70% of properties held in overseas shell companies have not published information about who owns them due to serious design flaws in the government’s overseas register

The beneficial owners of around 109,000 properties in England and Wales are missing or the information is withheld on Companies House’s new Register of Overseas Entities, according to a report by researchers from the London School of Economics (LSE).

This amounts to 71% of the total properties held by overseas entities, which currently stands at 152,000 properties.

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