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Limited formation,Offshore
company, Dubai Company Formation, Cyprus company, Bankaccount opening,
U.S. corporation,Company formation in the USA,
switzerland company formation, ISLE OF MAN FORMS OF COMPANY,
The
Canary Islands Special Zone
UK Limited Company
Formation
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England has a
double-taxation agreement = DTA with most countries. EU freedom of
establishment is applicable. From a European point of view, NO
commercially equipped business operation is required for the
approval of a tax operating business in England, and neither is
the proof of any active business in England. The English income
tax amounts to 0-19% for medium-sized businesses up to a profit of
£300,000, and then progressively
increases up to 30%. By bringing forward an
Isle
of Man Limited, the income tax
load may be reduced, i.e. the profits are distributed in the Isle
of Man Limited, which results in a lump-sum tax of £450 per year.
The following services are included in our
complete packages:
Forming of the company, entry in the commercial
register of the country, apostille, notarially certified
translations of certificates into English, unless official
language
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Nominee director: An attorney in the formation country
will act as nominee director of the company (to the outside) and
transfers all rights and obligations internally to the actual
beneficiary (notarial deed of trust). The director does not have
any account authority.
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Nominee shareholder: a tax office in the formation
country will act as nominee shareholder (to the outside) of the
company and transfers all rights and obligations internally to
the actual beneficiary (notarial deed of trust).
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Domicile of the company in the formation country:
deliverable postal address, availability by telephone, telephone
and fax, mail forwarding service
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Account opening: bank account for the company at a
renowned major bank in the formation country, internet banking,
VisaCard and cheques. Only the founder of the company is
authorized to have access to the account.
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General power of attorney to the founder: Only the
founder receives a notarially certified general power of
attorney for the company.
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Recommendation of a renowned tax office in the formation
country, for book-keeping and accounting
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Internet-homepage of the company hosted on a server in
the formation country: 5 pages for presentation of
services/products, feedback form, imprint, e-mail address. May
be extended at any time.
The fees for the complete packages include the
services mentioned above; any special services (nominee director
and shareholder, domicile) are paid for one year.
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- Complete Package (Full Service) incl. nominee services and
domicile of the company in the UK
Our complete (full-service) packages
include the establishment of a taxable entity in the UK for
our clients, therefore/complementary as a rule world taxation
in the UK (provided that the Limited company does not give
rise to a taxable entity based on a double-taxation agreement
in other countries), therefore the trust solution:
Services of Complete Package A:
·
Formation of the company including all documents, apostille,
translations certified by a notary
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Nominee complete package (nominee director and nominee
shareholder, if necessary/requested. Our English tax office
may act as majority or minority shareholder, an English lawyer
will act as director)
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Notarial deed of trust, German translation: All rights and
obligations are transferred to the actual beneficiary of the
company
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General power of attorney to the founder, German translation,
certified by a notary
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Nominee secretary, English tax office
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Domicile of the company in London (a regular registered office
that is to say no bogus company): deliverable postal address
(no C.O. address), real telephone (no answering machine,
incoming calls are personally answered with “headquarters”),
fax, mail forwarding service
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Opening of a bank account for the Limited Company in the UK,
incl. Visa Debit Card, cheques and internet banking, Pound
Sterling and Euro accounts, the opening of the account is
guaranteed, irrespective of the beneficiary’s/account
trustee’s credit standing (HSBC-Bank London or Barclays Bank).
The beneficiary/client will be the sole person authorised to
have access to the account, Visa Card, pass words for online
banking
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LCT service package: contract drafts (fee contract concluded
with the representative or commercial agent according to § 84
HGB (German Commercial Code), contract of UK Ltd. and German
customers of the Limited company as a draft, specimen for
invoicing and letter/headed notepaper according to English
law), internet presentation of the company hosted on a UK
server with 10 pages, feedback form and UK e-mail address
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Recommendation to an international tax consulting firm
in London
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Partners’ meeting
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Corporation Tax Rates
2006/7
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£ per year (unless stated) |
2005-06 |
2006-07 |
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Starting rate: 0% |
£0 – £10,000 |
N/A* |
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Marginal relief |
£10,001 – £50,000 |
N/A* |
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Small companies’ rate: 19% |
£50,001–£300,000 |
£0-£300,000 |
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Marginal relief |
£300,001–£1,500,000 |
£300,001 - £1,500,000 |
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Main rate: 30% |
£1,500,001 or more |
£1,500,001 or more |
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Non-corporate distribution rate |
19% |
N/A* |
*The 2005 Pre-Budget Report announced that the
starting rate and non-corporate distribution
rate would be replaced with a single banding for
small companies set at the existing small
companies’ rate.
Income Tax
Rates 2006/7 - Personal Allowance, CGT,
Inheritance Tax, Taxable Bands
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per year (unless stated) |
2005-06 |
Change |
2006-07 |
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Income tax personal and age-related
allowances |
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Personal allowance (age under 65) |
£4,895 |
+£140 |
£5,035 |
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Personal allowance (age 65-74) |
£7,090 |
+£190 |
£7,280 |
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Personal allowance (age 75 and over) |
£7,220 |
+£200 |
£7,420 |
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Married couple's allowance* (aged less than
75 and born before 6th April 1935) |
£5,905 |
+£160 |
£6,065 |
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Married couple's allowance* (age 75 and over) |
£5,975 |
+£160 |
£6,135 |
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Married couple's allowance* - minimum amount |
£2,280 |
+£70 |
£2,350 |
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Income limit for age-related allowances |
£19,500 |
+£600 |
£20,100 |
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Blind person’s allowance |
£1,610 |
+£50 |
£1,660 |
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Capital gains tax annual exempt amount |
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Individuals etc. |
£8,500 |
+£300 |
£8,800 |
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Most trustees |
£4,250 |
+£150 |
£4,400 |
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Inheritance tax threshold |
£275,000 |
+£10,000 |
£285,000 |
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Pension schemes allowances |
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Annual Allowance |
N/A |
N/A |
£215,000 |
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Lifetime Allowance |
N/A |
N/A |
£1,500,000 |
*Married couple's allowance is given at the rate
of 10 per cent.
Income tax:
taxable bands
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£ per year |
2005-06 |
2006-07 |
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Starting rate: 10%* |
£0-£2,090 |
£0-£2,150 |
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Basic rate: 22%* |
£2,091-£32,400 |
£2,151-£33,300 |
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Higher rate: 40%* |
Over £32,400 |
Over £33,300 |
* The rate of tax applicable to savings income
in Section 1A ICTA 1988 remains at 20 per cent
for income between the starting and basic rate
limits. The rates applicable to dividends are 10
per cent for income up to the basic rate limit
and 32.5 per cent above that.
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