The landscape of compliance in the UK is in a permanent state of evolution, but perhaps never more so than now as the effects of the Economic Crime and Corporate Transparency Act are beginning to be felt. Crucially, Companies House is rolling out a new requirement for all directors, persons of significant control and members of LLPs to undergo identity verification. While it is possible for some individuals to complete the process with Companies House directly, there are a number of benefits to using an Authorised Corporate Service Provider (ACSP) such as Vanner Perez.
Streamlining the process
Time is an incredibly valuable resource for many directors and CoSec departments. Vanner Perez’s solution harnesses modern technology so that the process requires only a couple of minutes of the individuals’ time. Moreover, we can centrally handle identity verification for all your entities’ officers and PSC, avoiding confusion and uncertainty. By using Vanner Perez as an ACSP, your company can save a considerable amounts of time and thereby handle Companies House ID verification in the most cost-effective manner.
Avoiding pitfalls
Not every individual will be able to undergo the process with Companies House directly, as not all passports and identity documents are accepted. Vanner Perez is able to work flexibly with a much wider range of identification methods.
Even where individuals hold the ‘correct’ form of ID, Companies House’s website has been having repeated issues and is not intuitive, meaning that there is the very real likelihood of wasting your directors’ time.
Simplifying future notarisation requests
Companies House ID verification will be mandatory for every company in the UK, regardless of whether it operates internationally. For multinational companies, however, there is an added benefit in using Vanner Perez Notaries as their ACSP. In many instances, we will be able to offer streamlined KYC and notarisation services, leading to cost savings and dispensing with the need for in-person meetings.
Ensuring timely compliance
The task of having your company’s officers identity verified for Companies House is, in theory, rather straightforward and mundane. However, logistics might be complicated and the consequences of non-compliance can be catastrophic, ranging from large fines to criminal liability.
Vanner Perez Notaries can provide certainty and assurance, taking responsibility for your company achieving compliance way ahead of time.
If you have any questions about Companies House ID verification or would like a quote or free consultation, please get in touch with Vanner Perez Notaries.
Contact:
Soren Hartmann
+44 (0)203 668 6626
Send us an email