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Cheap IBC Incorporation Offshore. Anonymous Banking Internet & Offshore Bank Account. Starting Offshore Business
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Restoration of Dissolved Companies. Restoration of a Company to the Register
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Nominee Company Secretary It is a Legal Obligation for Every Limited Company to Have a Company Secretary
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Northern Irish Company Formation, Irish Companies Registration Office, Limited Liability Partnership Registration
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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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(click here for other packages)
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| Finance Act 1988 | | 1988 c. 39 - continued |
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SCHEDULE 4 | | Section 50. | | | | Business Expansion Scheme: Private Rented Housing | | |
Part I | | | Modifications Made by Section 50 | | |
Preliminary | | 1. The modifications of Chapter III of Part VII of the Taxes Act 1988 (relief for investment in new corporate trades: the business expansion scheme) made by section 50 of this Act are as follows. | | |
The relief | | 2.—(1) In subsection (1) of section 289 (relief under the business expansion scheme), for paragraph (a) there shall be substituted—| | "(a) those shares are issued to him after the passing of the Finance Act 1988 and before the end of 1993 for the purpose of raising money for qualifying activities which are being carried on by the company or which it intends to carry on;". |
(2) In subsection (8) of that section, for paragraph (a) there shall be substituted—| | "(a) in a case falling within subsection (1)(a) unless and until the company has carried on the activities for four months;". |
(3) For subsection (9) of that section there shall be substituted—| | "(9) A claim for relief may be allowed under subsection (1)(a) at any time after the activities have been carried on by the company for four months, if the conditions for the relief are then satisfied." |
(4) In subsection (12)(b) of that section, for the words from "either" onwards there shall be substituted the words "four years after that date".
(5) Subsection (13) of that section shall be omitted.
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Restriction of relief where amounts raised exceed permitted maximum | | 3.—(1) In subsection (1) of section 290A (restriction of relief where amounts raised exceed permitted maximum), for "£500,000" there shall be substituted "£5 million".
(2) In subsection (4) of that section, for the words "any trade or part of a trade" there shall be substituted the words "any qualifying activities" and for "£500,000", in both places, there shall be substituted "£5 million".
(3) Subsections (6) to (8), (10) and (11) of that section shall be omitted.
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Individuals qualifying for relief | | 4. In section 291 (individuals qualifying for relief), after subsection (1) there shall be inserted—| | "(1A) An individual is connected with the company if—(a) he, or an associate of his, occupies or is a tenant of a dwelling-house in which the company holds an interest; and (b) the interest held by the company is superior to any interest in the dwelling-house held by the individual." |
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Parallel trades | | 5. Section 292 (parallel trades) shall be omitted. | | |
Qualifying companies | | 6.—(1) For subsection (2) of section 293 (qualifying companies) there shall be substituted—| | "(2) The company must, throughout the relevant period, be an unquoted company which is resident in the United Kingdom and not resident elsewhere, and be—(a) a company which exists wholly, or substantially wholly, for the purpose of carrying on activities which do not include, to any substantial extent, activities which are not qualifying activities; or (b) a company whose activities consist wholly of—
(i) the holding of shares or securities of, or the making of loans to, one or more qualifying subsidiaries of the company; or
(ii) both the holding of such shares or securities, or the making of such loans, and the carrying on of activities which do not include, to any substantial extent, activities which are not qualifying activities." |
(2) Subsections (4) and (9) to (11) of that section shall be omitted.
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Companies with interests in land etc. | | 7. The following shall be omitted, namely—(a) section 294 (companies with interests in land); (b) section 295 (valuation of interests in land for purposes of section 294(1)(b)); and (c) section 296 (section 294 disapplied where amounts raised total £50,000 or more). | | |
Qualifying trades etc. | | 8. The following shall also be omitted, namely—(a) section 297 (qualifying trades); and (b) section 298 (provisions supplementary to sections 293 and 297). | | |
Replacement capital | | 9.—(1) In subsection (1) of section 302 (replacement capital), for the words "carry on as its trade or as part of its trade a trade which was" there shall be substituted the words "carry on, as its activities or as part of its activities, activities which were" and for the words "of a trade" there shall be substituted the words "of activities".
(2) In subsection (2) of that section, for the words "the trade", in each place where they occur, there shall be substituted the words "the activities".
(3) In subsection (4) of that section, for paragraph (a) there shall be substituted—| | "(a) the persons to whom activities belong and, where activities belong to two or more persons, their respective shares in those activities shall be determined in accordance with section 344(1)(a) and (b), (2) and (3) (those provisions having effect for this purpose with any necessary modifications);". |
(4) In subsection (5) of that section, the definition of "trade" shall be omitted.
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Claims | | 10. In subsections (2) and (3) of section 306 (claims), for the words "the trade" there shall be substituted the words "the activities". | | |
Subsidiaries | | 11. In subsection (1) of section 308 (application to subsidiaries), for paragraph (b) there shall be substituted—| | "(b) the subsidiary or, as the case may be, each subsidiary is a dormant subsidiary or exists wholly, or substantially wholly, for the purpose of carrying on activities which do not include, to any substantial extent, activities which are not qualifying activities;". |
| | 12. In subsection (2) of section 309 (further provisions as to subsidiaries), for the words "a qualifying trade which is" there shall be substituted the words "qualifying activities which are" and for the words "subsections (8), (9), (12)(b)(ii) and (13)" there shall be substituted the words "subsections (8) and (9)". | | |
Part II | | | Dwelling-Houses to Which Section 50 Does Not Apply | | |
Expensive dwelling-houses | | 13.—(1) Section 50 of this Act does not apply to a dwelling-house the market value of which exceeds—(a) in the case of a dwelling-house in Greater London, £125,000; (b) in any other case, £85,000. (2) The market value of a dwelling-house at any date ("the valuation date") shall be taken to be the price which, at the relevant date, it might reasonably have been expected to fetch on a sale in the open market—(a) on the assumptions as to state mentioned in sub-paragraph (3) below; and (b) on the assumptions as to title mentioned in sub-paragraph (4) below; and in this paragraph "the relevant date" means the date of the issue of the shares or, if later, the date when the company or any of its subsidiaries first acquired an interest in the dwelling-house (or the land which comprises the dwelling-house).
(3) The assumptions as to state are that, at the relevant date—(a) the dwelling-house was in the same state as at the valuation date; and (b) that the locality in which the dwelling-house is situated was in the same state, so far as concerns the other premises situated in that locality and the occupation and use of those premises, the transport services and other facilities available in the locality, and other matters affecting the amenities of the locality, as at that date. (4) The assumptions as to title are—(a) where the dwelling-house is in England and Wales or Northern Ireland and is a house, that the vendor was selling for an estate in fee simple with vacant possession and that the dwelling-house was to be conveyed with the same rights and subject to the same burdens as it would be if conveyed in pursuance of the right to buy legislation; (b) where the dwelling-house is in England and Wales or Northern Ireland and is a flat, that the vendor was granting a lease with vacant possession for a term of 125 years at a rent of £10 per annum and that the grant was to be made with the same rights and subject to the same burdens as it would be if made in pursuance of that legislation; and (c) where the dwelling-house is in Scotland, that it was available with vacant possession and with no heritable security constituted over any interest in it. (5) In sub-paragraph (4) above "the right to buy legislation" means—(a) in relation to a dwelling-house in England and Wales, Part V of the [1985 c. 68.] Housing Act 1985; (b) in relation to a dwelling-house in Northern Ireland, Chapter I of Part II of the [S.I. 1983/1118 (N.I. 15).] Housing (Northern Ireland) Order 1983; and "flat" and "house" have the same meanings as in that legislation.
(6) The Treasury may by order amend sub-paragraph (1) above by substituting a different amount for any amount for the time being specified there.
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Unfit and sub-standard dwelling-houses | | 14. Section 50 of this Act does not apply to—(a) a dwelling-house in England and Wales which is unfit for human habitation within the meaning of section 604 of the [1985 c. 68.] Housing Act 1985 or does not have all the standard amenities within the meaning of section 508 of that Act; (b) a dwelling-house in Scotland which does not meet the tolerable standard described, for the purposes of the [1987 c. 26.] Housing (Scotland) Act 1987, by section 86 of that Act or does not have all the standard amenities described in the first column of Part I of Schedule 18 to that Act; or (c) a dwelling-house in Northern Ireland which is unfit for human habitation within the meaning of Article 46 of the [S.I. 1981/156 (N.I. 3).] Housing (Northern Ireland) Order 1981 or does not have all the standard amenities within the meaning of Article 59 of the [S.I. 1983/1118 (N.I. 15).] Housing (Northern Ireland) Order 1983. | | |
Dwelling-houses already let etc. | | 15.—(1) Section 50 of this Act does not apply to a dwelling-house if—(a) before the relevant date, the company or any of its subsidiaries had entered into arrangements for letting the whole or any part of the dwelling-house; (b) at that date, the whole or any part of the dwelling-house was let; or (c) after that date, the whole or any part of the dwelling-house has been let otherwise than on a qualifying tenancy. (2) In this paragraph—"let" includes let under a licence and "letting" shall be construed accordingly; "the relevant date" means the date when the company or any of its subsidiaries first acquired an interest in the dwelling-house (or the land which comprises the dwelling-house). | | |
Dwelling-houses already qualifying for relief | | 16.—(1) Section 50 of this Act does not apply to a dwelling-house if—(a) a certificate has been issued under section 306(2) of the Taxes Act 1988 (as modified by paragraph 10 above) by some other company ("the other company"); and (b) at any time after the issue of the shares to which that certificate related, the conditions mentioned in sub-paragraph (2) below were satisfied in relation to the dwelling-house (or a dwelling-house the whole or any part of which has been converted into or consists of the whole or any part of the dwelling-house). (2) The conditions referred to in sub-paragraph (1) above are satisfied in relation to a dwelling-house at any time if, at that time—(a) the dwelling-house is a dwelling-house to which section 50 of this Act applies in relation to the other company or any of its subsidiaries; and (b) an interest in the dwelling-house is owned by that company or any such subsidiary. | | |
Dwelling-houses qualifying for capital allowances | | 17. Section 50 of this Act does not apply to a dwelling-house in respect of which the company is entitled to capital allowances under paragraph 2 of Schedule 12 to the [1982 c. 39.] Finance Act 1982. | | |
Interpretation of certain expressions: Scotland | | 18. In the application of the above provisions of this Part to Scotland, references to acquiring an interest shall be construed, if there is a contract to acquire the interest, as references to entering into that contract and for the purposes of paragraph 16(2)(b) above, a company or subsidiary shall be regarded as owning an interest during the period between its entering into such a contract as regards that interest and its acquiring the interest. | | | | |   
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 | © Crown copyright 1988 | Prepared 20th September 2000 |
Finance Act 1988 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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