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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 6, EXEMPT INCOME - continued |
| | back to previous text |  | | | | CHAPTER 5 | | | VENTURE CAPITAL TRUST DIVIDENDS | | 709 | Venture capital trust dividends
| | | (1) No liability to income tax arises in respect of a venture capital trust dividend if-
| | | (a) conditions A and B are met, and | | | (b) where the dividend is paid in respect of shares acquired after 8th March 1999, condition C is met. | | | (2) In subsection (1) a "venture capital trust dividend" means a dividend paid in respect of ordinary shares in a company which-
| | | (a) is a venture capital trust- | | | (i) at the end of the accounting period in which the profits or gains in respect of which it is paid arose or accrued, and
| | | (ii) when the dividend is paid, and
| | | (b) was such a trust when the person to whom it is paid acquired the shares. | | | (3) Condition A is that the person beneficially entitled to the dividend-
| | | (a) is an individual of at least 18 years, and | | | (b) is beneficially entitled to it as the holder of the shares or as the person for whom, or for whose benefit, they are held by a nominee. | | | (4) Condition B is that-
| | | (a) in the tax year in which the shares were acquired the market value of all the shares acquired by the individual or any nominee of the individual in companies which were venture capital trusts at the time of acquisition did not exceed £200,000, or | | | (b) in that year that market value exceeded £200,000, but the shares are treated under section 710 as having been acquired within that limit. | | | (5) For the purposes of subsection (4), the market value of a share is determined as at the time of its acquisition.
| | | (6) Condition C is that the shares were acquired for genuine commercial reasons and not as part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, was the avoidance of tax.
| | | (7) Shares that were not so acquired are ignored for the purposes of subsection (4) and section 710 (whether or not they were acquired after 8th March 1999).
| | | (8) In this section and in sections 710 and 711-
| | | "market value" has the same meaning as in TCGA 1992 (see sections 272 and 273), | | | "nominee", in relation to an individual, includes the trustees of a bare trust of which the individual is the only beneficiary, and | | | "ordinary shares" means shares forming part of the company's ordinary share capital. | | 710 | Treatment of shares where annual acquisition limit exceeded
| | | (1) This section sets out the rules for determining which shares whose market value is relevant for the limit in section 709(4) are treated as shares acquired within that limit ("exempt shares") where that limit is exceeded in a tax year.
| | | (2) Shares are treated as exempt shares so far as their acquisition does not cause the limit to be exceeded at the time they are acquired.
| | | (3) Subsection (2) is subject to subsection (4).
| | | (4) If shares of different descriptions acquired on the same day cause the limit to be exceeded on that day, shares of each description are treated as exempt shares so far as their market value does not exceed the appropriate proportion of the available value.
| | | (5) In subsection (4)-
| | | "the appropriate proportion", in relation to shares of a particular description, means the proportion which their market value bears to the market value of all the shares acquired on that day, and | | | "available value" means the maximum value of shares which could be acquired on that day without exceeding the limit. | | 711 | Identification of shares after disposals
| | | (1) In determining whether a disposal relates to shares in a company which were acquired when it was a venture capital trust or others, it is assumed that the others are disposed of first.
| | | (2) In determining whether a disposal of shares in a company which were acquired when it was a venture capital trust relates to shares which meet the condition in section 709(4) (annual acquisition limit) or others ("excess shares"), assumptions A and B are to be made.
| | | (3) Assumption A is that shares acquired on an earlier day are disposed of before those acquired on a later day.
| | | (4) Assumption B is that where the shares were acquired on the same day, excess shares are disposed of first.
| | | (5) For the purposes of this section, acquisitions and disposals by an individual's nominee are treated as made by the individual, and acquisitions and disposals between them are ignored.
| | 712 | Identification of shares after reorganisations etc.
| | | (1) This section applies if shares ("the new shares") are treated under Chapter 2 of Part 4 of TCGA 1992 (reorganisations etc.) as the same assets as other shares ("the old shares").
| | | (2) If all the old shares met-
| | | (a) the condition in section 709(4) (annual acquisition limit), and | | | (b) if it applied to the old shares, the condition in section 709(6) (acquisition for genuine commercial reasons), | | | the new shares are treated as doing so.
| | | (3) If only some of the old shares met those conditions, the corresponding proportion of the new shares are treated as meeting them and the remainder are treated as not doing so.
| | | (4) In the tax year in which the new shares are acquired the value of the new shares is ignored in determining whether other shares acquired in the same tax year meet the condition in section 709(4).
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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 |
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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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