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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 (No. 2) Act 2005 | | 2005 Chapter 22 - continued | | SCHEDULE 10, STAMP DUTY LAND TAX: MISCELLANEOUS AMENDMENTS - continued |
| | back to previous text |  | | | | PART 2 | | | AMENDMENTS COMING INTO FORCE IN ACCORDANCE WITH PARAGRAPH 22 | | | Introduction | | 17 | Part 4 of FA 2003 (stamp duty land tax) is amended in accordance with this Part of this Schedule. | | | Transfers involving public bodies | | 18 | In section 66 of FA 2003 (transfers involving public bodies) after subsection (5) insert- | | |  | "(6) In this section "company" means a company as defined by section 735(1) of the Companies Act 1985 or Article 3(1) of the Companies (Northern Ireland) Order 1986." |
| | | Group relief: avoidance arrangements | | 19 | In paragraph 2 of Schedule 7 (restrictions on availability of group relief) after sub-paragraph (4) insert- | | |  | "(4A) Group relief is not available if the transaction- | | | (a) is not effected for bona fide commercial reasons, or | | | (b) forms part of arrangements of which the main purpose, or one of the main purposes, is the avoidance of liability to tax. | | | "Tax" here means stamp duty, income tax, corporation tax, capital gains tax or tax under this Part." |
| | Acquisition relief: avoidance arrangements | | 20 | In paragraph 8 of Schedule 7 (acquisition relief)- | | | (a) for sub-paragraph (5) substitute- | | |  | "(5) For this purpose companies are associated if one has control of the other or both are controlled by the same person or persons. | | | The reference to control shall be construed in accordance with section 416 of the Taxes Act 1988.", and |
| | | (b) after sub-paragraph (5A) (inserted by paragraph 8 of this Schedule) insert- | | |  | "(5B) The fourth condition is that the acquisition is effected for bona fide commercial reasons and does not form part of arrangements of which the main purpose, or one of the main purposes, is the avoidance of liability to tax. | | | "Tax" here means stamp duty, income tax, corporation tax, capital gains tax or tax under this Part. | | | (5C) In this paragraph "arrangements" include any scheme, agreement or understanding, whether or not legally enforceable." |
| | | Stamp duty on transfers of partnership interests | | 21 | (1) In Schedule 15 (stamp duty land tax: partnerships), paragraph 33 (which relates to stamp duty on transfers of partnership interests) is amended as follows. | | | (2) For sub-paragraphs (1) and (2) substitute- | | |  | "(1) This paragraph applies where stamp duty under Part 1 of Schedule 13 to the Finance Act 1999 (transfer on sale) is, apart from this paragraph, chargeable on an instrument effecting a transfer of an interest in a partnership. | | | (1A) If the relevant partnership property does not include any stock or marketable securities, no stamp duty shall (subject to sub-paragraph (8)) be chargeable on the instrument." |
| | | (3) In sub-paragraph (3)- | | | (a) at the beginning insert "If the relevant partnership property includes stock or marketable securities,", | | | (b) in paragraph (a), for the words from "the stock" to "property" substitute "that stock and those securities", and | | | (c) for paragraph (b) substitute- | | |  | "(b) the consideration for the transfer were equal to the appropriate proportion of the net market value of that stock and those securities immediately after the transfer." |
| | | (4) After sub-paragraph (3) insert- | | |  | "(3A) The "relevant partnership property", in relation to a transfer of an interest in a partnership, is the partnership property immediately after the transfer, other than any partnership property that was transferred to the partnership in connection with the transfer." |
| | | (5) Omit sub-paragraph (4). | | | (6) In sub-paragraph (5), for "That" substitute "The appropriate". | | | Commencement | | 22 | (1) Subject to sub-paragraph (2), paragraphs 18 to 20 have effect in relation to any transaction of which the effective date is on or after the day on which this Act is passed. | | | (2) Paragraphs 19 and 20 do not have effect- | | | (a) in relation to any transaction which is effected in pursuance of a contract entered into and substantially performed on or before 16th March 2005, or | | | (b) (subject to sub-paragraph (3)) in relation to any other transaction which is effected in pursuance of a contract entered into on or before that date. | | | (3) The exclusion by sub-paragraph (2)(b) of transactions effected in pursuance of contracts entered into on or before 16th March 2005 does not apply- | | | (a) if there is any variation of the contract or assignment of rights under the contract after that date, | | | (b) if the transaction is effected in consequence of the exercise after that date of any option, right of pre-emption or similar right, or | | | (c) if after that date there is an assignment, subsale or other transaction (relating to the whole or part of the subject-matter of the contract) as a result of which a person other than the purchaser under the contract becomes entitled to call for a conveyance to him. | | | (4) Paragraph 21 has effect in relation to any instrument executed on or after the day on which this Act is passed. | | | (5) In this paragraph "assignment", "effective date" and "substantially performed" have the same meaning as in Part 4 of FA 2003. | | | 
| | |   | | | | | | 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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