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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 5, MISCELLANEOUS INCOME - continued |
| | back to previous text |  | | | | CHAPTER 4 | | | CERTAIN TELECOMMUNICATION RIGHTS: NON-TRADING INCOME | | 614 | Charge to tax on certain telecommunication rights of a non-trader | | | (1) Income tax is charged on income derived from a relevant telecommunication right that is not used or held for the purposes of a trade, profession or vocation. | | | (2) "Relevant telecommunication right" has the same meaning as in Chapter 10 of Part 2 (see section 146). | | 615 | Income charged | | | (1) Tax is charged under this Chapter on the full amount of the income arising in the tax year. | | | (2) See section 617 for provision about the calculation of the amount of certain income charged under this Chapter. | | | (3) This section is subject to Part 8 (foreign income: special rules). | | 616 | Person liable | | | The person liable for any tax charged under this Chapter is the person receiving or entitled to the income. | | 617 | Deductions in calculating certain income charged | | | (1) This section applies for calculating the amount of income charged under this Chapter other than annual payments. | | | (2) The following sections apply as they apply for the purpose of calculating the profits of a trade, profession or vocation- | | | (a) section 147 (expenditure and receipts in respect of relevant telecommunication rights treated as revenue in nature), and | | | (b) section 148 (credits or debits arising from revaluation in respect of relevant telecommunication rights). | | | (3) Expenses wholly and exclusively incurred for the purpose of generating the income are deductible. | | | (4) If an expense is incurred for more than one purpose, a deduction may be made for any identifiable part or identifiable proportion of the expense which is incurred wholly and exclusively for the purpose of generating the income. | | | (5) Expenses which would not have been allowable as a deduction in calculating the profits of a trade, if they had been incurred for its purposes, are not deductible under this section. | | | (6) Expenses for which any kind of relief is given under any other provision of the Income Tax Acts are not deductible under this section. | | | (7) The frequency with which payments are made is ignored in determining whether they are annual payments for the purposes of this Chapter. | | 618 | Payments received after deduction of tax | | | Income tax deducted under either of the following sections from an annual payment within this Chapter is treated as income tax paid by the recipient- section 348(1)(b) of ICTA (under which income tax may be deducted from some payments by the payer), andsection 349(1)(a) of ICTA (under which income tax must be deducted from some payments by the payer). | | | 
| | |   | | | | | | 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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