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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 (No. 2) Act 2005 | | 2005 Chapter 22 - continued | | PART 2, INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX - continued |
| | back to previous text |  | | | | CHAPTER 5 | | | CHARGEABLE GAINS | | |
Residence, location of assets etc | | 32 | Temporary non-residents
| | | (1) Section 10A of TCGA 1992 is amended as follows.
| | | (2) In subsection (3) (certain gains or losses to be excluded from being treated by virtue of subsection (2) as accruing to the taxpayer in year of return)-
| | | (a) in paragraph (a), for "he was neither resident nor ordinarily resident in the United Kingdom" substitute- | | |  | "(i) he was neither resident nor ordinarily resident in the United Kingdom, or
| | | (ii) he was resident or ordinarily resident in the United Kingdom but was Treaty non-resident;";
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| | | (b) in paragraph (d), after "152(1)(b)" insert ", 153(1)(b)". | | | (3) In subsection (8) (definitions) in the definition of "relevant disposal", after "United Kingdom" insert "and was not Treaty non-resident".
| | | (4) For subsection (9) substitute-
| | | | "(9) For the purposes of this section an individual satisfies the residence requirements for a year of assessment-
| | | (a) if, during any part of that year of assessment, he is resident in the United Kingdom and not Treaty non-resident, or | | | (b) if he is ordinarily resident in the United Kingdom during that year of assessment, unless he is Treaty non-resident during that year of assessment. | | | (9A) For the purposes of this section an individual is Treaty non-resident at any time if, at that time, he falls to be regarded as resident in a territory outside the United Kingdom for the purposes of double taxation relief arrangements having effect at that time.
| | | (9B) Where this section applies in the case of any individual in circumstances in which one or more intervening years would, but for his being Treaty non-resident during some or all of that year or those years, not be an intervening year, this section shall have effect in the taxpayer's case-
| | | (a) as if subsection (2)(a) above did not apply in the case of any amount treated by virtue of section 87 or 89(2) as an amount of chargeable gains accruing to the taxpayer in any such intervening year, and | | | (b) as if any such intervening year were not an intervening year for the purposes of subsections (2)(b) and (c) and (6) above.". |
| | | (5) After subsection (9B) (as inserted by subsection (4) above) insert-
| | | | "(9C) Nothing in any double taxation relief arrangements shall be read as preventing the taxpayer from being chargeable to capital gains tax in respect of any of the chargeable gains treated by virtue of subsection (2)(a) above as accruing to the taxpayer in the year of return (or as preventing a charge to that tax from arising as a result).".
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| | | (6) Omit subsection (10) (section to be without prejudice to right to claim relief under double taxation relief arrangements).
| | | (7) The amendments in subsections (2)(a), (4), (5) and (6) have effect-
| | | (a) in any case in which the year of departure is, or (on the assumption that the amendment in subsection (4) had always had effect) would be, the year 2005-06 or a subsequent year of assessment; and | | | (b) in any case in which- | | | (i) the year of departure is, or (on that assumption) would be, the year 2004-05, and
| | | (ii) at a time in that year on or after 16th March 2005, the taxpayer was resident or ordinarily resident in the United Kingdom and was not Treaty non-resident (within the meaning given by section 10A(9A) of TCGA 1992, as inserted by subsection (4)).
| | | (8) The amendment in subsection (2)(b) has effect in relation to relevant disposals made on or after 16th March 2005.
| | | (9) The amendment in subsection (3) has effect for determining whether a disposal of an asset is a relevant disposal for the purposes of section 10A of TCGA 1992 in any case in which the person making the disposal acquired the asset on or after 16th March 2005.
| | 33 | Trustees both resident and non-resident in a year of assessment
| | | (1) After section 83 of TCGA 1992 insert-
| | | | "83A | Trustees both resident and non-resident in a year of assessment
| | (1) This section applies if a chargeable gain accrues to the trustees of a settlement on the disposal by them of an asset in a year of assessment and the trustees-
| | | (a) are within the charge to capital gains tax in that year of assessment, but | | | (b) are non-UK resident at the time of the disposal. | | | (2) Where this section applies, nothing in any double taxation relief arrangements shall be read as preventing the trustees from being chargeable to capital gains tax (or as preventing a charge to tax arising, whether or not on the trustees) by virtue of the accrual of that gain.
| | | (3) For the purposes of this section the trustees of a settlement are within the charge to capital gains tax in a year of assessment-
| | | (a) if, during any part of that year of assessment, they are resident in the United Kingdom and not Treaty non-resident, or | | | (b) if they are ordinarily resident in the United Kingdom during that year of assessment, unless they are Treaty non-resident during that year of assessment. | | | (4) For the purposes of this section the trustees of a settlement are non-UK resident at a particular time if, at that time,-
| | | (a) they are neither resident nor ordinarily resident in the United Kingdom, or | | | (b) they are resident or ordinarily resident in the United Kingdom but are Treaty non-resident. | | | (5) For the purposes of this section the trustees of a settlement are Treaty non-resident at any time if, at that time, they fall to be regarded as resident in a territory outside the United Kingdom for the purposes of double taxation relief arrangements having effect at that time.".
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| | | (2) The amendment made by this section has effect in relation to disposals made on or after 16th March 2005.
| | 34 | Location of assets etc
| | | Schedule 4 (which makes provision in relation to the situation of assets for the purposes of TCGA 1992 and which makes minor amendments in that Act in relation to non-resident companies with United Kingdom permanent establishments) has effect.
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Miscellaneous | | 35 | Exercise of options etc
| | | Schedule 5 (which makes provision, for the purposes of the taxation of chargeable gains, in relation to options) has effect.
| | 36 | Notional transfers within a group
| | | (1) Section 171A of TCGA 1992 (notional transfers within a group) is amended as follows.
| | | (2) After subsection (3) insert-
| | | | "(3ZA) In a case where B-
| | | (a) is not resident in the United Kingdom, but | | | (b) is carrying on a trade in the United Kingdom through a permanent establishment there, | | | the asset or part deemed to be transferred to B by A is to be treated for the purposes of subsections (2)(c) and (3) above as having been acquired by B for use by or for the purposes of the permanent establishment; but that shall not be taken to affect the question whether or not the asset or part is situated in the United Kingdom at any time.".
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| | | (3) The amendment made by this section has effect in relation to disposals made on or after 16th March 2005.
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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 Corporation |
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 | © Crown copyright 2005 | Prepared 25 July 2005 |
Finance (No. 2) 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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