Part 1: Registration of Overseas Entities Introduction Section 2: Definition of "overseas entity" etc
This section provides definitions of the most important terms that are used in the legislation.
	Subsection 1: This explains what is meant by "an overseas entity": this term means a "legal entity" (see below) that is not governed by the law of the UK.
	Subsection 2: defines what is meant by "legal entity" within Part 1. This includes a body corporate (e.g. a company) or a partnership or other type of entity. What is key is that whatever the type of corporate vehicle, it must have legal personality under the law by which it is governed.