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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 2, TRADING INCOME - continued |
| | back to previous text |  | | | | CHAPTER 13 | | | DEDUCTIONS FROM PROFITS: UNREMITTABLE AMOUNTS | | 187 | Professions and vocations | | | The provisions of this Chapter apply to professions and vocations as they apply to trades. | | 188 | Application of Chapter | | | (1) This Chapter applies if- | | | (a) an amount received by, or owed to, a person carrying on a trade ("the trader") is brought into account as a receipt in calculating the profits of the trade, | | | (b) the amount is paid or owed in a territory outside the United Kingdom, and | | | (c) some or all of the amount is unremittable. | | | (2) An amount received is unremittable if it cannot be transferred to the United Kingdom merely because of foreign exchange restrictions. | | | (3) An amount owed is unremittable if it cannot be paid in the United Kingdom and- | | | (a) it temporarily cannot be paid in the territory in which it is owed merely because of foreign exchange restrictions, or | | | (b) it can be paid in that territory but, if it were paid there, the amount paid would not be transferable to the United Kingdom merely because of foreign exchange restrictions. | | | (4) "Foreign exchange restrictions" are restrictions imposed by any of the following- | | | (a) the laws of the territory where the amount is paid or owed, | | | (b) executive action of its government, and | | | (c) the impossibility of obtaining there currency that could be transferred to the United Kingdom. | | 189 | Relief for unremittable amounts | | | (1) If- | | | (a) the trader has profits from the trade in a period of account, and | | | (b) an unremittable amount has been brought into account as a receipt for that period, | | | a deduction of the amount is allowed from those profits (but see subsection (5)). | | | (2) If the trader has profits from the trade in a period of account and the total of- | | | (a) any unremittable amounts brought into account as receipts for that period, and | | | (b) any amount carried forward under this subsection or subsection (3) from the previous period of account, | | | exceeds the amount of those profits, the excess may be carried forward to the next period of account. | | | (3) If the trader does not have profits from the trade in a period of account and an unremittable amount has been brought into account as a receipt for that period, the total of- | | | (a) any unremittable amounts brought into account as receipts for that period, and | | | (b) any amount carried forward under this subsection or subsection (2) from the previous period of account, | | | may be carried forward to the next period of account. | | | (4) If an amount is carried forward under this section to a period of account in which the trader has profits from the trade, a deduction of the amount is allowed from those profits (but see subsection (5)). | | | (5) The total amount deducted under this section from the profits from a trade in a period of account must not exceed the amount of the profits. | | 190 | Restrictions on relief | | | (1) No deduction is allowed under section 189 in relation to an amount so far as- | | | (a) it is used to finance expenditure or investment outside the United Kingdom, or | | | (b) it is applied outside the United Kingdom in another way. | | | (2) No deduction is allowed under section 189 in relation to an amount owed so far as a deduction is allowed in respect of it under section 35 (bad and doubtful debts). | | | (3) No deduction is allowed under section 189 in relation to an amount owed so far as a payment under a contract of insurance has been received in relation to it. | | | (4) No deduction is allowed under section 189 in relation to an amount brought into account in calculating profits if relief under section 842 (unremittable income) may be claimed in relation to that amount. | | 191 | Withdrawal of relief | | | (1) This section applies if- | | | (a) some or all of an unremittable amount has been deducted from profits under section 189, and | | | (b) any of the following events occurs. | | | (2) The events are that- | | | (a) the amount or part of it ceases to be unremittable, | | | (b) the amount or part of it is used to finance expenditure or investment outside the United Kingdom, | | | (c) the amount or part of it is applied outside the United Kingdom in another way, | | | (d) the amount or part of it is exchanged for, or discharged by, an amount that is not unremittable, | | | (e) a deduction is allowed in respect of the amount or part of it under section 35 (bad and doubtful debts), and | | | (f) if the amount is an amount owed, a payment under a contract of insurance is received in relation to the amount or part of it. | | | (3) The amount or the part of it in question is brought into account as a receipt in calculating the profits of the trade for the period of account in which the event occurs, but only so far as- | | | (a) it has been deducted from profits under section 189, and | | | (b) it has not already been brought into account as a receipt in calculating the profits of the trade as a result of this section. | | | (4) If the event is the receipt of a payment under a contract of insurance, the amount brought into account as a receipt must not exceed the amount of the payment. | | | 
| | |   | | | | | | 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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