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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 8, FOREIGN INCOME: SPECIAL RULES - continued |
| | back to previous text |  | | | | CHAPTER 4 | | | UNREMITTABLE INCOME | | 841 | Unremittable income: introduction | | | (1) This Chapter applies if- | | | (a) a person is liable for income tax on income arising in a territory outside the United Kingdom, and | | | (b) the income is unremittable. | | | (2) For the purposes of this Chapter, income is unremittable if conditions A and B are met. | | | (3) Condition A is that the income cannot be transferred to the United Kingdom by the person who is liable for income tax in respect of the income because of- | | | (a) the laws of the territory where the income arises, | | | (b) executive action of its government, or | | | (c) the impossibility of obtaining there currency that could be transferred to the United Kingdom. | | | (4) Condition B is that the person who is liable for income tax in respect of the income has not realised it outside that territory for an amount in sterling or in another currency which the person is not prevented from transferring to the United Kingdom. | | | (5) This Chapter does not apply to profits which a person is treated as receiving under section 714(2) of ICTA (accrued income profits), but see section 723 of that Act (which makes similar provision). | | 842 | Claim for relief for unremittable income | | | (1) If a person liable for income tax on unremittable income makes a claim for relief under this section in respect of that income, it is not taken into account for income tax purposes. | | | (2) Subsection (1) is subject to section 843. | | | (3) No claim under this section may be made in respect of any income so far as an ECGD payment has been made in relation to it. | | | (4) In subsection (3) "ECGD payment" means a payment made by the Export Credit Guarantee Department under an agreement entered into as a result of arrangements made under- | | | (a) section 2 of the Export and Investment Guarantees Act 1991 (c. 67) (insurance in connection with overseas investment), or | | | (b) section 11 of the Export Guarantees and Overseas Investment Act 1978 (c. 18). | | | (5) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the income would be charged to tax if no claim were made. | | 843 | Withdrawal of relief | | | (1) This section applies if- | | | (a) a claim under section 842 has been made in relation to any income, and | | | | | | (i) the income ceases to be unremittable, or
| | | (ii) an ECGD payment is made in relation to it.
| | | (2) In this section "ECGD payment" has the meaning given by section 842(4). | | | (3) If income ceases to be unremittable, the income is treated as arising on the date on which it ceases to be unremittable. | | | (4) If an ECGD payment is made in relation to income, the income is treated, to the extent of the payment, as arising on the date on which the ECGD payment is made. | | | (5) The income treated as arising under subsection (3) or (4), and any tax payable in respect of it under the law of the territory where it arises, are taken into account for income tax purposes at their value at the date on which the income is treated as arising. | | | (6) Subsections (3) to (5) do not apply so far as the income has already been treated as arising as a result of this section. | | | (7) If a person who would have become liable for income tax as a result of this section has died- | | | (a) the personal representatives are liable for the tax instead, and | | | (b) the tax is a debt due from and payable out of the estate. | | 844 | Income charged on withdrawal of relief after source ceases | | | (1) This section applies if- | | | (a) income is treated as arising as a result of section 843, and | | | (b) at the time it is so treated the person who would have become liable for income tax as a result of that section- | | | (i) has permanently ceased to carry on the trade, profession, vocation or property business from which the income arises, or
| | | (ii) in the case of income from another source, has ceased to possess that source.
| | | (2) In the case of income from a trade, profession or vocation- | | | (a) the income is treated as a post-cessation receipt for the purposes of Chapter 18 of Part 2 (trading income: post-cessation receipts), but | | | (b) in the application of that Chapter to that income, section 243 (extent of charge to tax) is omitted. | | | (3) In the case of income from a property business- | | | (a) the income is treated as a post-cessation receipt from a UK property business for the purposes of Chapter 10 of Part 3 (property income: post-cessation receipts), but | | | (b) in the application of that Chapter to that income, section 350 (extent of charge to tax) is omitted. | | | (4) In the case of income from another source, the income is taxed as if the person continued to possess that source. | | 845 | Valuing unremittable income | | | (1) If no claim is made under section 842 in relation to unremittable income arising in a territory outside the United Kingdom, the amount of the income to be taken into account for income tax purposes is determined as follows. | | | (2) If the currency in which the income is denominated has a generally recognised market value in the United Kingdom, the amount is determined by reference to that value. | | | (3) In any other case, the amount is determined according to the official rate of exchange of the territory where the income arises. | | | 
| | |   | | | | | | 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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