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Deluxe Package |
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 £ 557.00 | Annual Maintenance Fee £525.00 | | |
 The Deluxe limited company package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain anonymity, and it includes: -
 Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;
The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
 The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);
The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: - A laminated copy of the certificate of incorporation of your company;
A hard bound copy of the memorandum and articles of association;
A hard bound copy of the minutes of the first meeting of directors;
Share certificates, and your company register;
The general power of attorney signed by a nominee director;
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of nominee service and indemnification of nominee.
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| Legal Requirements to Register an LTD | | |
A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.
You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.
A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.
You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
The directors and secretary of your company can also be shareholders.
The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.
Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.
Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.
Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.
So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.
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| Finance Act 2005 | | 2005 Chapter 7 - continued | | PART 2, INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX - continued |
| | back to previous text |  | | | | CHAPTER 2 | | | PERSONAL TAXATION | | |
Taxable benefits | | 15 | Childcare vouchers: exempt amount
| | | (1) Section 270A of ITEPA 2003 (limited exemption for qualifying childcare vouchers) is amended as follows.
| | | (2) In subsection (6) (exempt amount), for "£50 for each qualifying week in that year" substitute"the sum of-
| | |  | (a) £50 for each qualifying week in that year, and | | | (b) the voucher administration costs for that year." |
| | | (3) After that subsection insert-
| | | | "(6A) The "voucher administration costs" for any tax year in respect of which qualifying childcare vouchers are provided for an employee means the difference between the cost of provision of the vouchers and their face value.
| | | The face value of a voucher is the amount stated on or recorded in the voucher as the value of the provision of care for a child that may be obtained by using it." |
| | | (4) After subsection (10) insert-
| | | | "(10A) In this section " cost of provision", in relation to a childcare voucher, has the meaning given in section 87(3) and (3A)."
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| | | (5) This section has effect for the year 2005-06 and subsequent years of assessment.
| | 16 | Extension of exemptions for childcare, workplace parking, cycles etc
| | | (1) ITEPA 2003 is amended as follows.
| | | (2) In section 237(1) (exemption for provision of workplace parking), for "No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)" substitute "No liability to income tax arises".
| | | (3) In section 244(1) (exemption for provision of cycles and cyclist's safety equipment), for "No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)" substitute "No liability to income tax arises".
| | | (4) In section 270A(1) (limited exemption for qualifying childcare vouchers), for "employee, liability" substitute"employee-
| | | | (a) no liability to income tax arises by virtue of section 62 (general definition of earnings), and | | | |
| | | (5) In section 318(1) (childcare: exemption for employer-provided care), for "No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)" substitute "No liability to income tax arises".
| | | (6) In section 318A(1) (childcare: limited exemption for other care), for "child, liability" substitute"child-
| | | | (a) no liability to income tax arises by virtue of section 62 (general definition of earnings), and | | | |
| | | (7) This section has effect for the year 2005-06 and subsequent years of assessment.
| | 17 | Transfer of previously loaned computer or cycle etc
| | | (1) Section 206 of ITEPA 2003 (cost of the benefit: transfer of used or depreciated asset) is amended as follows.
| | | (2) In subsection (3)(a), for "a car (within the meaning of Chapter 6)" substitute "an excluded asset (see subsection (6))".
| | | (3) After subsection (5) insert-
| | | | "(6) An excluded asset is-
| | | (a) a car (within the meaning of Chapter 6), | | | (b) computer equipment that has previously been applied as mentioned in subsection (3)(b) in circumstances in which the conditions set out in section 320 were met, or | | | (c) a cycle or cyclist's safety equipment that has previously been so applied in circumstances in which the conditions set out in section 244 were met." |
| | | (4) This section has effect for the year 2005-06 and subsequent years of assessment.
| | 18 | Extension of outplacement services etc exemption: part-time employees
| | | (1) ITEPA 2003 is amended as follows.
| | | (2) In section 310 (counselling and other outplacement services) in subsection (4) (person to have been employed full-time in the employment which is ceasing for a specified period) omit "full-time".
| | | (3) In section 311 (retraining courses) in subsection (3) (conditions to be satisfied in relation to the course)-
| | | (a) at the end of paragraph (b) insert "and"; | | | (b) in paragraph (c) (course to last no more than one year) for "one year" substitute "two years"; | | | (c) omit paragraph (d) (employee to attend the course on a full-time or substantially full-time basis) and the word "and" before it. | | | (4) In that section, in subsection (4)(c) (person to be employed full-time in the employment which is ceasing for a specified period) omit "full-time".
| | | (5) This section has effect in relation to the year 2005-06 and subsequent years of assessment.
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Armed forces | | 19 | Armed forces pensions and compensation schemes
| | | (1) ITEPA 2003 is amended as follows.
| | | (2) In subsection (1) of section 393 as originally enacted (application of Chapter 2 of Part 6) after "non-approved retirement benefits scheme" insert "other than a scheme established by an order under section 1(2) of the Armed Forces (Pensions and Compensation) Act 2004 (armed and reserve forces compensation schemes)".
| | | (3) In paragraph (a) of section 639 (exemption from income tax for pensions due to military service etc)-
| | | (a) for "the Department of Work and Pensions" substitute "the Ministry of Defence"; | | | (b) for "any Order in Council, Royal Warrant, order or scheme" substitute "instrument specified in subsection (2),". | | | (4) At the end of section 639 (which becomes subsection (1)) insert-
| | | | "(2) The instruments referred to in subsection (1)(a) are- Defence (Local Defence Volunteers) Regulations 1940 (S.R. & O. 1940/748),War Pensions (Coastguards) Scheme 1944 (S.R. & O. 1944/500), War Pensions (Naval Auxiliary Personnel) Scheme 1964 (S.I. 1964/1985), Pensions (Polish Forces) Scheme 1964 (S.I. 1964/2007), War Pensions (Mercantile Marine) Scheme 1964 (S.I. 1964/2058), Order by Her Majesty concerning pensions and other grants in respect of disablement or death due to service in the Home Guard (1964 Cmnd. 2563), Order by Her Majesty concerning pensions and other grants in respect of disablement or death due to service in the Home Guard after 27th April 1952 (1964 Cmnd. 2564), Order by Her Majesty concerning pensions and other grants in respect of disablement or death due to service in the Ulster Defence Regiment (1971 Cmnd. 4567), Personal Injuries (Civilians) Scheme 1983 (S.I. 1983/686), Naval, Military and Air Forces etc. (Disablement and Death) Service Pensions Order 1983 (S.I. 1983/883). | | | (3) The Treasury may by order amend subsection (2).".
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| | | (5) After section 640 insert-
| | | | "640A | Lump sums provided under armed forces early departure scheme
| | No liability to income tax arises on a lump sum provided under a scheme established by the Armed Forces Early Departure Payments Scheme Order 2005 (S.I. 2005/437).".
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| | | (6) In section 641 (exemption from income tax for armed forces disability pensions etc), after paragraph (g) of subsection (1) insert-
| | | | "(h) a benefit under a scheme established by an order under section 1(2) of the Armed Forces (Pensions and Compensation) Act 2004 payable to a person by reason of his illness or injury- | | | (i) by way of a lump sum, or
| | | (ii) following the termination of the person's service in the armed forces or reserve forces.".
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| | | (7) The amendment made by subsection (2) has effect for the year 2005-06.
| | | (8) The amendments made by subsections (3) and (4) are deemed always to have had effect.
| | | (9) The amendments made by subsections (5) and (6) have effect for the year 2005-06 and subsequent years of assessment.
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| | |   | | | | | | Other UK Acts | Home | Scotland Legislation | Wales Legislation | Company Formation Online | Company Formations in Republic of Ireland | Company Registration in Northern Ireland | Incorporate in California, Nevada, Florida and New York | Incorporate Offshore |
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 | © Crown copyright 2005 | Prepared 11 April 2005 |
Finance Act 2005 is reproduced under the terms of Crown Copyright Policy Guidance issued by HMSO.
Publishing Rights: Coddan CPM Core Licence (HMSO) number is C02W0007897 issued on 25 November 2005 by HMSO Licensing Division (Core Licence.pdf Licence to reproduce public sector information).
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