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.
FEES FOR UK LIMITED COMPANY - PERMANENT ESTABLISHMENT IN
the uk
-Formation of a UK Ltd:
Company name availability check, registration with the Companies
House, all documentation, preparation of memorandum, preparation
of articles of incorporation, statutory register, help file
(including templates for: letterhead for UK permanent
establishment and representative office or branch subsidiary
outside the UK, invoicing, employment contract or independent
contractor agreement, specifications for UK website, and much
more): EUR 998.00
-Registered
Office
(NOT sufficient for an “ordinary place of business,” see Head
Office below; a Head Office is generally a co-requirement):
EUR 190.00 for the first year, GBP 84 per year
thereafter.
-Apostille
set, notarized certifications:
Company statutes in English, notarized by the Companies House;
company statutes in the language of the client’s home country,
translated and notarized by a sworn translator approved by the
UK courts; commercial register entry, notarized by the Companies
House and apostilled by the UK Foreign Office: EUR 590.00
(required only if a subsidiary location or non-independent
branch location registered with the trade authorities is to be
established outside the UK, not for representation. Is also
required for opening bank accounts outside the UK).
-Maintenance of your company statutory books
(all communication with the British tax authorities and
HMRC/Companies House via fax, telephone, e-mail, creation of
Annual Return, deadline check with HMRC and Companies House, NO
bookkeeping/year-end accounts): EUR 400.00 for the first
year, GBP 120 per year thereafter.
-Appointment of a Company Secretary:
EUR 290.00 per year
-Nominee director,
legal entity:
No “formation director” or director in
“Belize” (beware of cheap offers!), British tax advisory and law
office appointed as director of the company, accessible and
reachable throughout the term of the agreement (unfortunately
this is not always the case), nomineeship agreement between the
nominator and nominee. EUR
700.00 for the first year, plus EUR 400 administration fee.
Note: In accordance with UK law, legal violations may lead to
restriction of access for the director. For this reason,
agreements to be signed by the nominee director must undergo
prior legal review. Our UK tax advisors/attorneys charge between
EUR 70 and EUR 150 per agreement that they are asked to sign in
their capacity as nominee director. Independently thereof, the
nominator (client) holds general power of attorney and thus has
the ability to sign contracts independently (“on behalf of”), in
which case no costs are incurred.
Warning: As of October 2008, legal entities are NO LONGER
allowed to act as directors of UK Limited companies, only
natural persons.
-Nominee director, natural person:
No “formation director” or director in “Belize” (beware of cheap
offers!), an employee of the British tax advisory and law office
is appointed as director of the company, accessible and
reachable throughout the term of the agreement (unfortunately
this is not always the case), nomineeship agreement between the
nominator and nominee. EUR 1,500.00 per year for the first
year plus EUR 500.00 administration fee (due to the high
liability risk, this service is subject to certain requirements,
please inquire!)
Note: In
accordance with UK law, legal violations may lead to restriction
of access for the director. For this reason, agreements to be
signed by the nominee director must undergo prior legal review.
Our UK tax advisors/attorneys charge between EUR 70 and EUR 150
per agreement that they are asked to sign in their capacity as
nominee director. Independently thereof, the nominator (client)
holds general power of attorney and thus has the ability to sign
contracts independently (“on behalf of”), in which case no costs
are incurred.
-Permanent director:
An employee of the British-based office acts as director of the
UK limited company, with a General Manager’s contract plus wage
and social security benefits. Fees depend on expenses and income
of the Ltd, between EUR 600 and EUR 1500 per month.
-Client becomes second director:
Founder/client/beneficiary becomes a second director of the
limited company with joint signing authority (both signatures
required): One-time fee of EUR 490.00
-Nominee shareholder:
English tax advisory and law office acts as nominee shareholder
of the limited company (X - 100% shareholder): No formation
shareholder or shareholder in Belize (beware of cheap formation
offers!): EUR 980.00 for the first year, plus EUR
400 administration fee.
-London Head Office, Version 1:
A Registered Office does NOT sufficiently constitute an ordinary
place of business in the UK (could be viewed as a dummy
corporation and/or the UK financial authorities may deny VAT
registration). In Version 1, the UK Ltd receives its own phone
and fax number with voicemail; incoming phone calls are
forwarded to you via e-mail as sound file attachments;
otherwise, a deliverable postal address is provided and mail is
forwarded on to you. This prevents suspicion of a dummy
corporation in connection with your nominee director's "real
office" (this is crucial): EUR 690.00 for the
first year, thereafter EUR 260.00 per year plus mail forwarding
fees (EUR 50.00 deposit required)
-London Head Office, Version 2:
A Registered Office does NOT sufficiently constitute an ordinary
place of business in the UK (could be viewed as a dummy
corporation and/or the UK financial authorities may deny VAT
registration). Version 2: Deliverable postal address in the US,
mail forwarding, your own telephone number with personal answer
service in the name of the company, fax, call forwarding to your
phone available, company nameplate. Lease agreement between the
landlord and the Ltd. Offered by our British-based tax advisory
office at the office site, i.e. at the nominee director’s place
of management. Temporary use of office and conference spaces for
an additional fee optional. You will be notified of incoming
phone calls via e-mail, fax or SMS. Fees: EUR 250.00 per
month (payable 6 months in advance), one time
setup fee of EUR 600.00. Call forwarding: plus any
incurred call charges from British Telecom.
-London
Head Office, Version 3:
A Registered Office does NOT sufficiently constitute an ordinary
place of business in the UK (could be viewed as a dummy
corporation and/or the UK financial authorities may deny VAT
registration). Telephone answering with company name, company
address in London, company nameplate, mail forwarding, temporary
rental of fully equipped office and conference rooms:
http://www.eoffice.co.uk/services/virtualofficepremium.htm
or
www.regus.com. We will put you in touch with the provider,
agreement signed between your Ltd and the Business Center.
-VAT
registration/Sales tax ID number:
GBP 249.00 Payable directly to the tax advisory firm in London,
not included in the package. Within the scope of intra-Community
deliveries and services, the VAT-registered UK Ltd issues
invoices excluding VAT, as long as the service recipient is
located outside the UK and also holds a VAT ID (6th EU
Directive, reversal of turnover tax liability, service recipient
pays VAT). VAT registration required for sales higher than GBP
60,000 per year.
-New
bank account setup in the UK:
New bank account including Visa card and online banking,
Beneficiary has sole transaction authority: One-time fee of
EUR 790.00
-New bank account setup in Austria
(including online banking, Visa and debit card):
One-time fee of EUR 900.00
The apostille set is required for this service. No travel to
Austria is required. Austria offers a very high level of banking
secrecy as guaranteed by its constitution; no information is
disclosed except in serious criminal cases.
-Registration of a non-independent branch location (available in
Germany, Denmark, France, Italy and Spain):
The UK Ltd and permanent UK establishment must apply for
registration and NOT the client. (beware of cheap providers!).
Considerable administrative expenses are therefore incurred.
The apostille set is required for this service: One-time fee
of EUR 700.00
One-time
fee amounts are calculated in advance and are understood to be
net plus VAT if applicable. Partial payments (50% in advance,
50% after receipt of formation documentation by fax) incur a 5%
fee. If taking over an existing Ltd, the fee must always be paid
in full and in advance.
Annual fees (as of the
first year) are considered deductible expenses and therefore
reduce your taxable income. The same applies to costs for
tax advisory services and year-end accounts. Foundation fees
can be billed as "Tax and legal advisory services" to your
German-based company, for example, and are equally
deductible.
Fees for bookkeeping,
advance sales tax reporting, year-end accounts (UK tax
adviser)
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Bookkeeping Price Plans
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Name:
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Monthly Fee
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Inclusive Transactions per Month
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Light
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£49
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25
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Compact
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£79
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50
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Standard
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£99
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75
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Premium
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£149
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150
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include:
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Inclusive transactions according to price plan
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Up to date bookkeeping at all times
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Creation of own dedicated accounts website to view your
accounts online
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Monthly management account reports to view and print
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FREE VAT Registration if required
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VAT Return (automatically updated during period) to view
and print
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Preparation of the annual Corporation Tax return
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Year End Accounts for submission to Companies House and
HMRC
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Electronic document storage (PDF) for all your accounts
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Qualified, UK based Customer Account Manager (for all
queries etc)
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