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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 6 | | | INCOME FROM FOTRA SECURITIES | | 713 | Introduction: securities free of tax to residents abroad ("FOTRA securities") | | | (1) This Chapter provides for exemptions from income tax in respect of FOTRA securities. | | | (2) In this Chapter "FOTRA security" means- | | | (a) a security issued with a condition about exemption from taxation authorised by section 22 of F(No.2)A 1931, | | | (b) a gilt-edged security which was issued before 6th April 1998 and without any such condition (other than 3½% War Loan 1952 Or After), or | | | (c) 3½% War Loan 1952 Or After. | | | (3) In this Chapter "the exemption condition" has the meaning given by subsections (4) to (6), according to the kind of FOTRA security involved. | | | (4) In relation to a security within subsection (2)(a), it means the condition authorised by section 22 of F(No.2)A 1931. | | | (5) In relation to a security within subsection (2)(b), it means a condition with which 7.25% Treasury Stock 2007 was first issued, being a condition treated by section 161(1) of FA 1998 (non-FOTRA securities)- | | | (a) as a condition with which the security within subsection (2)(b) was issued, and | | | (b) as a condition authorised in relation to its issue by section 22 of F(No.2)A 1931. | | | (6) In relation to 3½% War Loan 1952 Or After, it means a condition of its issue authorised by section 47 of F(No.2)A 1915. | | 714 | Exemption of profits from FOTRA securities | | | (1) No liability to income tax arises in respect of profits from a FOTRA security if conditions A and B are met. | | | (2) Subsection (1) is subject to subsection (5). | | | (3) Condition A is that the profits are stated in the exemption condition to be exempt from income tax. | | | (4) Condition B is that any requirements for obtaining the exemption imposed by the security's conditions of issue are met. | | | (5) Whatever the exemption condition provides, amounts charged under the provisions specified in subsection (6) are not exempted by subsection (1). | | | (6) The provisions are- | | | (7) This section does not affect the need to claim repayment of tax within the time limit applicable for a claim. | | 715 | Interest from FOTRA securities held on trust | | | (1) This section applies if- | | | (a) a FOTRA security is held on trust, and | | | (b) apart from this section, interest payable on the security would not be exempt from income tax under section 714 because of the security not being in the beneficial ownership of a person not ordinarily UK resident. | | | (2) For the purposes of determining whether the interest is exempt under section 714 it is to be assumed that the security is in the beneficial ownership of a person not ordinarily UK resident if none of the beneficiaries of the trust is ordinarily UK resident at the time when the interest arises. | | | (3) In subsection (2) "beneficiaries of the trust" includes any person known to the trustees as a person- | | | (a) who is, or will or may become, entitled under the terms of the trust to receive income under the trust, or | | | (b) to whom or for whose benefit such income may be paid or applied. | | | (4) In subsection (3) "income under the trust" includes any property held on the terms of the trust and falling to be treated as capital so far as it is or represents amounts received by the trustees as income. | | 716 | Restriction on deductions etc. relating to FOTRA securities | | | (1) A person who meets conditions A and B may not bring into account for income tax purposes- | | | (a) any amount relating to changes in the value of a FOTRA security, or | | | (b) expenses related to holding it or to any transaction concerning it. | | | (2) Condition A is that the person is the beneficial owner of the security. | | | (3) Condition B is that the person is a person who would be exempt from tax on the security under this Chapter. | | | 
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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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