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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 14 | | | DISPOSAL AND ACQUISITION OF KNOW-HOW | | 192 | Meaning of "know-how" etc. | | | (1) In this Chapter "know-how" means any industrial information or techniques likely to assist in- | | | (a) manufacturing or processing goods or materials, | | | (b) working a source of mineral deposits (including searching for, discovering or testing mineral deposits or obtaining access to them), or | | | (c) carrying out any agricultural, forestry or fishing operations. | | | (2) For this purpose- | | | "mineral deposits" includes any natural deposits capable of being lifted or extracted from the earth and for this purpose geothermal energy is treated as a natural deposit, and | | | "source of mineral deposits" includes a mine, an oil well and a source of geothermal energy. | | | (3) For the purposes of this Chapter any consideration received for giving, or wholly or partly fulfilling, an undertaking which- | | | (a) is given in connection with a disposal of know-how, and | | | (b) restricts, or is designed to restrict, any person's activities in any way, | | | is treated as consideration received for the disposal of the know-how. | | | (4) It does not matter whether or not the undertaking is legally enforceable. | | | (5) For the purposes of this Chapter references to a sale of know-how include an exchange of know-how and any provision of this Chapter referring to a sale has effect with the necessary modifications. | | | (6) Those modifications include, in particular, reading references to the proceeds of sale and to the price as including the consideration for the exchange. | | 193 | Disposal of know-how if trade continues to be carried on | | | (1) This section applies if- | | | (a) a person carrying on a trade receives consideration for the disposal of know-how which has been used in the trade, | | | (b) the person continues to carry on the trade after the disposal, and | | | (c) neither section 194 (disposal of know-how as part of disposal of all or part of a trade) nor section 195 (seller controlled by buyer etc.) applies. | | | (2) The amount or value of the consideration is treated for all purposes as a trading receipt, except so far as it is brought into account under section 462 of CAA 2001 (disposal values). | | | (3) If the know-how is sold together with other property, the net proceeds of the sale of the know-how are treated as being so much of the net proceeds of the sale of all the property as, on a just and reasonable apportionment, is attributable to the know-how. | | | (4) For this purpose all property sold as a result of one bargain is treated as sold together even though- | | | (a) separate prices are, or purport to be, agreed for separate items of that property, or | | | (b) there are, or purport to be, separate sales of separate items of that property. | | | (5) Any question about the way in which a sum is to be apportioned under this section must be determined in accordance with section 563(2) to (6) of CAA 2001 (procedure for determining certain questions affecting two or more persons) if it materially affects two or more taxpayers. | | | (6) For this purpose a question materially affects two or more taxpayers if at the time when the question falls to be determined it appears that the determination is material to the liability to tax (for whatever period) of two or more persons. | | 194 | Disposal of know-how as part of disposal of all or part of a trade | | | (1) This section applies if - | | | (a) a person carrying on a trade receives consideration for the disposal of know-how which has been used in the trade, and | | | (b) the know-how is disposed of as part of the disposal of all or part of the trade. | | | (2) If the person disposing of the know-how is within the charge to income tax, the consideration is treated for income tax purposes as a capital receipt for goodwill. | | | (3) If the person acquiring the know-how- | | | (a) is within the charge to income tax, and | | | (b) provided the consideration, | | | the consideration is treated for income tax purposes as a capital payment for goodwill. | | | (4) But the consideration is not treated for income tax purposes as a capital payment for goodwill if, before the acquisition, the trade was carried on wholly outside the United Kingdom. | | | (5) If the person disposing of the know-how is within the charge to income tax- | | | | | | (b) the person acquiring the know-how (whether or not within the charge to income tax), | | | may jointly elect for this section not to apply (but see section 195). | | | (6) The election must be made within two years of the disposal. | | | (7) If- | | | (a) an election is made under subsection (3) of section 531 of ICTA (corresponding corporation tax provision), and | | | (b) the person making the acquisition mentioned in that subsection is within the charge to income tax, | | | the persons making the election under that subsection are treated as also making an election under this section (even though the person disposing of the know-how is not within the charge to income tax). | | 195 | Seller controlled by buyer etc. | | | (1) This section applies if a disposal of know-how is by way of sale and- | | | (a) the seller is a body of persons over which the buyer has control, | | | (b) the buyer is a body of persons over which the seller has control, or | | | (c) both the seller and the buyer are bodies of persons and another person has control over both of them. | | | (2) In such a case- | | | (a) section 193 does not apply, and | | | (b) no election may be made under section 194. | | | (3) For the purposes of this section "body of persons" includes a firm. | | | 
| | |   | | | | | | 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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