13:53 PM, 26th October 2022, About A year ago 1
The above act comes into force on the 31st January 2023. Before that date, all entities including Companies and Trusts, must register with the UK government the details of all Shareholders and Officers involved in running the overseas entity. There are severe penalties for failure to register by the stated date.
The government has as usual implemented a new layer of potentially bureaucratic procedures including requiring applicants for the register to include a government appointed agent to verify all details submitted by the entity. Solicitors, accountants etc. can apply on the government website to become an agent, and after approval and granting of a specific agent number, the agent can feel free to charge any sum they wish for a procedure which in most cases can be carried out by a junior clerk in that organisation.
Having set up yet another layer of expensive government bureaucratic, there seems to be no way of comparing charges from the so-called registered agents, leaving overseas entities at the financial mercy yet again of the system.
Has anyone any recommendations for a Government Agency registered Agent who charges a reasonable fee?
My company details are straightforward and could be completed in a few hours at most, but without a verification agent number I am unable to proceed.
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