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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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| Income Tax (Trading and Other Income) Act 2005 | | 2005 Chapter 5 - continued | | PART 4, SAVINGS AND INVESTMENT INCOME - continued |
| | back to previous text |  | | | | CHAPTER 4 | | | DIVIDENDS FROM NON-UK RESIDENT COMPANIES | | | Charge to tax on dividends from non-UK resident companies | | 402 | Charge to tax on dividends from non-UK resident companies | | | (1) Income tax is charged on dividends of a non-UK resident company. | | | (2) For exemptions, see in particular section 770 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment). | | | (3) Subsection (1) is also subject to section 498 of ITEPA 2003 (no charge on shares ceasing to be subject to SIP in certain circumstances). | | | (4) In this Chapter "dividends" does not include dividends of a capital nature. | | 403 | Income charged | | | (1) Tax is charged under this Chapter on the full amount of the dividends arising in the tax year. | | | (2) Subsection (1) is subject to- section 406(2) and (3) (later charge where cash dividends retained in SIPs are paid over),section 407(3) (dividend payment when dividend shares cease to be subject to SIP), and Part 8 (foreign income: special rules). | | 404 | Person liable | | | (1) The person liable for any tax charged under this Chapter is the person receiving or entitled to the dividends. | | | (2) Subsection (1) is subject to- | | | Shares in approved share incentive plans ("SIPs") | | 405 | SIP shares: introduction | | | (1) Sections 406 to 408 contain special rules about the charge under this Chapter in respect of shares awarded to an individual under an approved share incentive plan. | | | (2) Those sections only apply if the condition in section 392(3) or (5) was met at the time the shares in question were so awarded (earnings within ITEPA 2003). | | | (3) This section and sections 406 to 408 form part of the SIP code (see section 488 of ITEPA 2003 (approved share incentive plans)). | | | (4) Accordingly, expressions used in this section or those sections and contained in the index in paragraph 100 of Schedule 2 to that Act (approved share incentive plans) have the meaning indicated by that index. | | | (5) In particular- | | | (a) for the meaning of "award of shares" see paragraph 5(1) of that Schedule, | | | (b) for the meaning of "ceasing to be subject to plan" see paragraph 97 of that Schedule, | | | (c) for the meaning of "dividend shares" see paragraph 62(3)(b) of that Schedule, | | | (d) for the meaning of "participant" see paragraph 5(4) of that Schedule, | | | (e) for the meaning of "plan shares" see paragraphs 86 to 88 and 99(1) of that Schedule, and | | | (f) for the meaning of "shares" see paragraphs 87(6) and 99(2) of that Schedule. | | 406 | Later charge where cash dividends retained in SIPs are paid over | | | (1) This section applies if a cash dividend is paid over to a participant under paragraph 68(4) of Schedule 2 to ITEPA 2003 (cash dividend paid over if not reinvested etc.). | | | (2) Tax charged under this Chapter is charged for the tax year in which the cash dividend is paid over instead of the tax year in which in which it was originally paid. | | | (3) Tax so charged is charged on the amount of the cash dividend paid over. | | | (4) The person liable for any tax so charged is the participant. | | | (5) For the purposes of this Chapter, the question whether a cash dividend so paid over is a dividend paid by a company that is non-UK resident is determined by reference to the tax year in which the dividend was originally paid. | | 407 | Dividend payment when dividend shares cease to be subject to SIP | | | (1) This section applies if dividend shares cease to be subject to an approved share incentive plan before the end of the period of 3 years beginning with the date on which the shares were acquired on the participant's behalf. | | | (2) For income tax purposes a dividend is treated as paid to the participant in the tax year in which the shares cease to be subject to the plan. | | | (3) The amount of the dividend treated as paid is the amount of the cash dividend applied to acquire the shares on the participant's behalf, so far as it represents a cash dividend paid in respect of plan shares in a non-UK resident company. | | | (4) The person liable for any tax charged as a result of this section is the participant. | | | (5) For rules identifying shares ceasing to be subject to approved share incentive plans, see section 508 of ITEPA 2003. | | 408 | Reduction in tax due in cases within section 407 | | | (1) This section applies if- | | | (a) a person is liable for tax as a result of section 407, and | | | (b) any tax is paid on any capital receipts under section 501 of ITEPA 2003 (charge on capital receipts in respect of plan shares) in respect of the shares that cease to be subject to the approved share incentive plan. | | | (2) The tax due as a result of section 407 is to be reduced by an amount equal to the total tax so paid. | | | (3) For rules identifying shares ceasing to be subject to approved share incentive plans, see section 508 of ITEPA 2003. | | | 
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 | © Crown copyright 2005 | Prepared 29 March 2005 |
Income Tax (Trading and Other Income) 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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