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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 3, PROPERTY INCOME - continued |
| | back to previous text |  | | | | CHAPTER 2 | | | PROPERTY BUSINESSES | | | Introduction | | 263 | Introduction | | | (1) This Chapter explains for the purposes of this Act what is meant by- | | | (a) a person's UK property business (see section 264), and | | | (b) a person's overseas property business (see section 265). | | | (2) Both those sections need to be read with- | | | (a) section 266 (which explains what is meant by generating income from land), and | | | (b) section 267 (which provides that certain activities do not count as activities for generating income from land). | | | (3) In the case of the property business of a firm, the basic rules in sections 264 and 265 are explained in section 859(2) and (3). | | | (4) References in this Act to an overseas property business are to an overseas property business so far as any profits of the business are chargeable to tax under Chapter 3 (as to which see, in particular, section 269). | | | (5) Accordingly, nothing in Chapter 4 or 5 is to be read as treating an amount as a receipt of an overseas property business if the profits concerned would not be chargeable to tax under Chapter 3. | | | (6) In this Act "property business" means a UK property business or an overseas property business. | | | Basic meaning of UK and overseas property business | | 264 | UK property business | | | A person's UK property business consists of- | | | (a) every business which the person carries on for generating income from land in the United Kingdom, and | | | (b) every transaction which the person enters into for that purpose otherwise than in the course of such a business. | | 265 | Overseas property business | | | A person's overseas property business consists of- | | | (a) every business which the person carries on for generating income from land outside the United Kingdom, and | | | (b) every transaction which the person enters into for that purpose otherwise than in the course of such a business. | | | Generating income from land | | 266 | Meaning of "generating income from land" | | | (1) In this Chapter "generating income from land" means exploiting an estate, interest or right in or over land as a source of rents or other receipts. | | | (2) "Rents" includes payments by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out. | | | (3) "Other receipts" includes- | | | (a) payments in respect of a licence to occupy or otherwise use land, | | | (b) payments in respect of the exercise of any other right over land, and | | | (c) rentcharges and other annual payments reserved in respect of, or charged on or issuing out of, land. | | | (4) For the purposes of this section a right to use a caravan or houseboat at only one location is treated as a right deriving from an estate or interest in land. | | 267 | Activities not for generating income from land | | | For the purposes of this Chapter the following activities are not carried on for generating income from land- | | | (a) farming or market gardening in the United Kingdom (but see section 9 (UK farming or market gardening treated as trade)), | | | (b) any other occupation of land (but see section 10 (certain commercial occupation of UK land treated as trade)), and | | | (c) activities for the purposes of a concern to which section 12 applies (profits of mines, quarries etc.). | | | 
| | |   | | | | | | 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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