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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