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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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(click here for other packages)
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| Finance Act 2005 | | 2005 Chapter 7 - continued |
| | back to previous text |  | |
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SCHEDULE 8
| | Section 94 | | | STAMP DUTY LAND TAX: ALTERNATIVE PROPERTY FINANCE | | | Introduction
| | 1 | Part 4 of FA 2003 is amended in accordance with this Schedule.
| | | Alternative property finance: England and Wales and Northern Ireland
| | 2 | After section 71 insert-
| | | | "71A | Alternative property finance: land sold to financial institution and leased to individual
|  | (1) This section applies where arrangements are entered into between an individual and a financial institution under which-
| | (a) the institution purchases a major interest in land or an undivided share of a major interest in land ("the first transaction"), | | | (b) where the interest purchased is an undivided share, the major interest is held on trust for the institution and the individual as beneficial tenants in common, | | | (c) the institution (or the person holding the land on trust as mentioned in paragraph (b)) grants to the individual out of the major interest a lease (if the major interest is freehold) or a sub-lease (if the major interest is leasehold) ("the second transaction"), and | | | (d) the institution and the individual enter into an agreement under which the individual has a right to require the institution or its successor in title to transfer to the individual (in one transaction or a series of transactions) the whole interest purchased by the institution under the first transaction. | | | (2) The first transaction is exempt from charge if the vendor is-
| | | | | | (b) another financial institution by whom the interest was acquired under arrangements of the kind mentioned in subsection (1) entered into between it and the individual. | | | (3) The second transaction is exempt from charge if the provisions of this Part relating to the first transaction are complied with (including the payment of any tax chargeable).
| | | (4) Any transfer to the individual that results from the exercise of the right mentioned in subsection (1)(d) ("a further transaction") is exempt from charge if-
| | | (a) the provisions of this Part relating to the first and second transactions are complied with, and | | | (b) at all times between the second transaction and the further transaction- | | | (i) the interest purchased under the first transaction is held by a financial institution so far as not transferred by a previous further transaction, and
| | | (ii) the lease or sub-lease granted under the second transaction is held by the individual.
| | | (5) The agreement mentioned in subsection (1)(d) is not to be treated-
| | | (a) as substantially performed unless and until the whole interest purchased by the institution under the first transaction has been transferred (and accordingly section 44(5) does not apply), or | | | (b) as a distinct land transaction by virtue of section 46 (options and rights of pre-emption). | | | (6) The requirements of subsection (1), or (4)(b)(ii), are not met if-
| | | (a) the individual enters into the arrangement, or holds the lease or sub-lease, as trustee and any beneficiary of the trust is not an individual, or | | | (b) the individual enters into the arrangements, or holds the lease or sub-lease, as partner and any of the other partners is not an individual. | | | (7) A further transaction that is exempt from charge by virtue of subsection (4) is not a notifiable transaction unless the transaction involves the transfer to the individual of the whole interest purchased by the institution under the first transaction, so far as not transferred by a previous further transaction.
| | | (8) In this section "financial institution" means-
| | | (a) a bank within the meaning of section 840A of the Taxes Act 1988, | | | (b) a building society within the meaning of the Building Societies Act 1986, or | | | (c) a wholly-owned subsidiary of a bank within paragraph (a) or a building society within paragraph (b). | | | For the purposes of paragraph (c) a company is a wholly-owned subsidiary of a bank or building society if it has no members except the parent and the parent's wholly-owned subsidiaries or persons acting on behalf of the parent or the parent's wholly-owned subsidiaries. | | | (9) References in this section to an individual shall be read, in relation to times after the death of the individual concerned, as references to his personal representatives.
| | | (10) This section does not apply in relation to land in Scotland."
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| | | Alternative property finance: Scotland
| | 3 | (1) Section 72 (alternative property finance: land sold to financial institution and leased to individual) is amended as follows.
| | | (2) In subsection (1)-
| | | | | | (i) for "freehold" substitute "the interest of the owner", and
| | | (ii) for "leasehold" substitute "the tenant's right over or interest in a property subject to a lease", and
| | | (b) in paragraph (c), omit "or its successor in title". | | | (3) For subsection (7) substitute-
| | | | "(7) In this section "financial institution" has the same meaning as in section 71A."
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| | | (4) Omit subsection (8).
| | | (5) After subsection (9) insert-
| | | | "(10) This section applies only in relation to land in Scotland."
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| | | (6) In the heading, after "finance" insert "in Scotland".
| | 4 | After section 72 insert-
| | | | "72A | Alternative property finance in Scotland: land sold to financial institution and individual in common
| | (1) This section applies where arrangements are entered into between an individual and a financial institution under which-
| | (a) the institution and the individual purchase a major interest in land as owners in common ("the first transaction"), | | | (b) the institution and the individual enter into an agreement under which the individual has a right to occupy the land exclusively ("the second transaction"), and | | | (c) the institution and the individual enter into an agreement under which the individual has a right to require the institution to transfer to the individual (in one transaction or a series of transactions) the whole interest purchased under the first transaction. | | | (2) The first transaction is exempt from charge if the vendor is-
| | | | | | (b) another financial institution by whom the interest was acquired under arrangements of the kind mentioned in subsection (1) entered into between it and the individual. | | | (3) The second transaction is exempt from charge if the provisions of this Part relating to the first transaction are complied with (including the payment of any tax chargeable).
| | | (4) Any transfer to the individual that results from the exercise of the right mentioned in subsection (1)(c) ("a further transaction") is exempt from charge if-
| | | (a) the provisions of this Part relating to the first transaction are complied with, and | | | (b) at all times between the first and the further transaction- | | | (i) the interest purchased under the first transaction is held by a financial institution and the individual as owners in common, and
| | | (ii) the land is occupied by the individual under the agreement mentioned in subsection (1)(b).
| | | (5) The agreement mentioned in subsection (1)(c) is not to be treated-
| | | (a) as substantially performed unless and until the whole interest purchased by the institution under the first transaction has been transferred (and accordingly section 44(5) does not apply), or | | | (b) as a distinct land transaction by virtue of section 46 (options and rights of pre-emption). | | | (6) The requirements of subsection (1), or (4)(b)(ii), are not met if the individual enters into the arrangements, or occupies the land, as partner and any of the other partners is not an individual.
| | | (7) A further transaction that is exempt from charge by virtue of subsection (4) is not a notifiable transaction unless the transaction involves the transfer to the individual of the whole interest purchased by the institution under the first transaction, so far as not transferred by a previous further transaction.
| | | (8) In this section "financial institution" has the same meaning as in section 71A.
| | | (9) References in this section to an individual shall be read, in relation to times after the death of the individual concerned, as references to his personal representatives.
| | | (10) This section applies only in relation to land in Scotland."
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| | | Consequential amendments
| | 5 | (1) Section 73 (alternative property finance: land sold to individual and re-sold to individual) is amended as follows.
| | | (2) In subsection (2)(b), for "section 72(1)" substitute "section 71A(1), 72(1) or 72A(1)".
| | | (3) In subsection (5)(a), for "section 72" substitute "section 71A".
| | 6 | In section 122 (index of defined expressions), in the entry for "notifiable (in relation to a land transaction)" at the end insert "(see too sections 71A(7) and 72A(7))".
| | | Commencement
| | 7 | (1) Paragraphs 2 and 3, and paragraphs 5 and 6 so far as relating to section 71A of FA 2003, have effect in any case where the effective date of the first transaction, within the meaning of section 71A of FA 2003 (as inserted by paragraph 2), falls on or after the day on which this Act is passed.
| | | (2) Paragraph 4, and paragraphs 5 and 6 so far as relating to section 72A of FA 2003, have effect in any case where the effective date of the first transaction, within the meaning of section 72A of FA 2003 (as inserted by paragraph 4), falls on or after the day on which this Act is passed.
| | | (3) In this paragraph "the effective date" has the same meaning as in Part 4 of FA 2003.
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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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