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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 8 | | | RENT RECEIVABLE IN CONNECTION WITH A UK SECTION 12(4) CONCERN | | | Charge to tax on rent receivable in connection with a UK section 12(4) concern | | 335 | Charge to tax on rent receivable in connection with a UK section 12(4) concern | | | Income tax is charged on rent receivable in connection with a UK section 12(4) concern. | | 336 | Meaning of "rent receivable in connection with a UK section 12(4) concern" | | | (1) For the purposes of this Chapter rent is receivable in connection with a UK section 12(4) concern if- | | | (a) it is receivable in respect of an estate, interest or right in or over land in the United Kingdom, and | | | (b) the estate, interest or right is used, occupied or enjoyed in connection with a concern listed in section 12(4). | | | (2) For the purposes of this Chapter rent is also receivable in connection with a UK section 12(4) concern if- | | | (a) it is receivable in respect of an estate, interest or right in or over land in the United Kingdom, | | | (b) the lease or other agreement under which it is receivable provides for its recoupment by reducing royalties or payments of a similar nature, and | | | (c) the reduction applies if the estate, interest or right is used, occupied or enjoyed in connection with a concern listed in section 12(4). | | | (3) In this Chapter "rent" includes- | | | (a) a receipt mentioned in section 266(3), and | | | (b) any other receipt in the nature of rent. | | 337 | Income charged | | | (1) Tax is charged under this Chapter on the full amount of the profits arising in the tax year. | | | (2) This is subject to- section 339 (deduction for management expenses of owner of mineral rights), and section 340 (relief in respect of mineral royalties). | | 338 | Person liable | | | The person liable for any tax charged under this Chapter is the person receiving or entitled to the rent. | | | Management expenses of owner of mineral rights | | 339 | Deduction for management expenses of owner of mineral rights | | | (1) This section applies if in a tax year- | | | (a) a person lets a right to work minerals in the United Kingdom, and | | | (b) the person pays a sum wholly and exclusively as an expense of management or supervision of the minerals in the tax year. | | | (2) In calculating the amount of rent receivable in connection with a UK section 12(4) concern, a deduction is allowed for the sum for the tax year. | | | (3) This is subject to section 340 (relief in respect of mineral royalties). | | | Mineral royalties | | 340 | Relief in respect of mineral royalties | | | (1) This section applies if in a tax year- | | | (a) a person who is UK resident, or ordinarily UK resident, is entitled to receive mineral royalties under a mineral lease or agreement, and | | | (b) the royalties are chargeable to tax under this Chapter. | | | (2) In calculating the amount of the royalties so chargeable, the person is treated as- | | | (a) entitled to receive only half of the total of the royalties arising under the lease or agreement in the tax year, and | | | (b) paying in the tax year only half of the total of the expenses mentioned in section 339(1)(b) (deduction for management expenses of owner of mineral rights). | | | (3) As to the meaning of "mineral lease or agreement" and "mineral royalties", see sections 341 to 343. | | 341 | Meaning of "mineral lease or agreement" and "mineral royalties" | | | (1) In this Chapter "mineral lease or agreement" means- | | | (a) a lease, profit à prendre, licence or other agreement conferring a right to win and work minerals in the United Kingdom, | | | (b) a contract for the sale, or a conveyance, of minerals in or under land in the United Kingdom, and | | | (c) a grant of a right under section 1 of the Mines (Working Facilities and Support) Act 1966 (c. 4) other than an ancillary right (within the meaning of that Act). | | | (2) In this Chapter "mineral royalties" means so much of any rent receivable under a mineral lease or agreement as relates to the winning and working of minerals. | | | (3) For the purposes of this section and section 343 "minerals" means all minerals and substances in or under land which are ordinarily worked for removal- | | | (a) by underground working, or | | | | | | but excluding water, peat, top-soil and vegetation. | | 342 | Extended meaning of "mineral royalties" etc. in Northern Ireland | | | (1) In the application of this Chapter to Northern Ireland references to mineral royalties include the following periodical payments. | | | (2) The payments are- | | | (a) payments of compensation under section 29 or 35 of the Mineral Development Act (Northern Ireland) 1969 (c. 35 (N.I.)) ("the 1969 Act"), | | | (b) payments of compensation under section 4 of the Petroleum (Production) Act (Northern Ireland) 1964 (c. 28 (N.I.)) ("the 1964 Act"), | | | (c) payments made as mentioned in section 37 of the 1969 Act, | | | (d) payments made under section 55(4)(b) of the 1969 Act, and | | | (e) payments made under section 11 of the 1964 Act (payments in respect of minerals to persons entitled to a share of royalties under section 13(3) of the Irish Land Act 1903 (c. 37)). | | | (3) In the application of this Chapter to Northern Ireland references to the mineral lease or agreement under which mineral royalties are receivable include the enactment under which those payments are made. | | 343 | Power of Board to determine what counts as "mineral royalties" | | | The Board of Inland Revenue may by regulations- | | | (a) provide whether, and to what extent, rents receivable under a mineral lease or agreement which relate both to the winning and working of minerals and to other matters are treated as mineral royalties, and | | | (b) provide for treating the whole of such rents as mineral royalties if the extent to which they relate to matters other than the winning and working of minerals is small. | | | 
| | |   | | | | | | 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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