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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 5 | | | STOCK DIVIDENDS FROM UK RESIDENT COMPANIES | | 409 | Charge to tax on stock dividend income | | | (1) Income tax is charged on stock dividend income. | | | (2) In this Chapter "stock dividend income" means the income that is treated as arising under section 410. | | 410 | When stock dividend income arises | | | (1) This section applies if share capital is issued as mentioned in section 249(1)(a) or (b) of ICTA (certain share capital issued by UK resident companies in lieu of dividends or as bonus share capital). | | | (2) If an individual is beneficially entitled to that share capital, income is treated as arising to the individual. | | | (3) If- | | | (a) the share capital is issued to trustees in respect of shares they hold in the company (alone or with others), and | | | (b) a cash dividend paid to them in respect of the shares would have been to any extent income to which section 686 of ICTA applies (accumulation and discretionary trusts: special rates of tax), | | | income is treated as arising to the trustees. | | | (4) If the share capital is issued to personal representatives during the administration period, income is treated as arising (but see section 413(4)). | | | (5) In subsection (4) "administration period" has the meaning given by section 653. | | | (6) Income within this section is treated as arising on the earliest date on which the company is required to issue the share capital in question. | | | (7) See section 413(5) (apportionment) if two or more persons are entitled to the share capital. | | 411 | Income charged | | | (1) Tax is charged under this Chapter on the amount of stock dividend income treated for income tax purposes as arising in the tax year. | | | (2) That amount is the cash equivalent of the share capital on the issue of which the stock dividend income arises (see section 412), grossed up by reference to the dividend ordinary rate for the tax year. | | 412 | Cash equivalent of share capital | | | (1) The cash equivalent of share capital within section 249(1)(a) of ICTA (an issue in lieu of cash dividend) is the amount of the cash dividend alternative. | | | (2) But if the difference between the cash dividend alternative and the share capital's market value equals or exceeds 15% of that market value- | | | (a) subsection (1) does not apply, and | | | (b) the cash equivalent of the share capital is its market value. | | | (3) The cash equivalent of share capital within section 249(1)(b) of ICTA (bonus share capital) is its market value. | | | (4) For the purposes of this section, market value is determined- | | | (a) in the case of listed share capital, on the date of first dealing, and | | | (b) in the case of other share capital, on the earliest date on which the company is required to issue it. | | | (5) In this section- | | | "listed" means listed in the Stock Exchange Daily Official List, and | | | "market value" has the same meaning as in sections 272(1) and (3) and 273(3) of TCGA 1992. | | 413 | Person liable | | | (1) The person liable for any tax charged under this Chapter is the person indicated by this section. | | | (2) If section 410(2) applies, the individual is liable for the tax. | | | (3) If section 410(3) applies, the trustees are liable for the tax. | | | (4) If section 410(4) applies, tax is not charged under this Chapter, but see- | | | (a) section 664 (under which the income treated as arising to the personal representatives under section 410 is treated as part of the aggregate income of the estate for the purposes of Chapter 6 of Part 5), and | | | (b) section 701(8) of ICTA (under which similar provision is made for the purposes of Part 16 of ICTA). | | | (5) If two or more persons are entitled to the share capital on the issue of which the stock dividend income arises, this Chapter applies as if the company issuing it had issued to each of those persons a proportionate part of the share capital. | | | (6) In subsection (5) "proportionate part" means a part proportionate to the person's interest on the earliest date on which the company is required to issue the share capital. | | 414 | Income tax treated as paid | | | (1) A person liable to tax under this Chapter is treated as having paid income tax at the dividend ordinary rate on the income charged, and where trustees are so liable (because a cash dividend paid to them in respect of the shares would have been to any extent income to which section 686 of ICTA applies) the income is treated as if it had been chargeable to tax at that rate. | | | (2) The income tax treated as paid under subsection (1) is not repayable. | | | (3) The amount on which an individual is treated under subsection (1) as having paid income tax is reduced if subsection (4) applies. | | | (4) This subsection applies if the individual's total income is reduced by any deductions which fall to be made from the part of the income charged to tax under this Chapter. | | | (5) The reduction under subsection (3) is equal to the amount of those deductions. | | | 
| | |   | | | | | | 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 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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