Companies: Ownership

(asked on 7th October 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the register of persons with significant control, how many companies have registered a shell company in an offshore tax haven as the persons with significant control of that company since 6 April 2016.


Answered by
Margot James Portrait
Margot James
This question was answered on 14th October 2016

Companies House does not hold figures on the number of companies that have registered a shell company in an offshore tax haven as their PSC. Companies can legitimately register a company as their PSC if that company meets the conditions of control, is the first legal entity in a company’s ownership chain and they are subject to their own disclosure requirements.

A full explanation of the rules can be found in BEIS guidance.

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