|
EXPRESS FORMATION:
Express company formation service allows
customers to form companies within 8 working
hours. This service costs £25.
[
Back
To Top
]
REGISTERED ADDRESS:
Registered office address is a mandatory
requirement to establish a UK Limited company.
A registered address is a valid postal address
within the UK i.e. England , Scotland or
Wales . If you take advantage of Formations
House Registered Address, all of the official
correspondence from Companies House sent
to the registered address, will be forwarded
to you anywhere in the world, at no additional
cost other than the cost of postage stamps.
Subscribing to the registered address service
would allow you to receive mail from Companies
House only. This service can not be used
to receive mail from clients or any other
third parties.
The cost of this service is £25
per annum (if used with the company formation
service) and £75 per annum (if
used independent of the company formation
service). It takes 2 to 3 days to get this
service ready.
Also when company is NOT formed through
Formations House, you will need to purchase
the Registered Address service in combination
with the online company administrator service
(enables maintenance of an electronic record
of your company in the Formations House
and Companies House records simultaneously).
The cost will then become £50 per
annum (for Registered address) + £25
per annum (Online company administrator)
= £75.
The following documents and information
are also required:
- Copy of the certificate of registration
(word document or PDF file)
- Articles and memorandum of association
(word document or PDF file)
- Existing Registered address
- Name, address, date of birth, gender,
nationality of company director
- Name, address, date of birth, gender,
nationality of company secretary
- Name, address, date of birth, gender,
nationality of company shareholders and
the number of shares held by each of the
shareholders
- Share allocation structure i.e. share
currency, total number of shares, value
per share and total share capital.
[
Back
To Top
]
NOMINEE SECRETARY:
A company secretary is a mandatory requirement
to establish a UK Limited company. Formations
House provides this service for the clients
who are unable to fulfill the statutory
requirement of appointing a company secretary.
The Nominee secretary is only meant to fulfill
the legal requirements. It does not perform
any secretarial duties, and does not become
involved with operations of the company
in any way. The nominee secretary, however,
signs bank account opening form. This is
an extra service, performed for a £5
administrative fee.
The cost is £25 per annum (if
used with company formation service) or
£125 per annum (if used independent
of company formation). It takes 2 to 3 days
to get this service ready.
When company is NOT formed through Formations
House, you will need to purchase the Nominee
Secretary Service in combination with the
Registered Address service and online company
administrator service (enables maintenance
of an electronic record of your company
in the Formations House and Companies House
records simultaneously). The cost will then
be:
- Nominee Secretary £50 per annum
- Registered address £50 per
annum
- Online company administrator £25
per annum
You will also need to provide the following
documents and information:
- Copy of the certificate of registration
(word document or PDF file)
- Articles and memorandum of association
(word document or PDF file)
- Existing Registered address
- Name, address, date of birth, gender,
nationality of company director
- Name, address, date of birth, gender,
nationality of company secretary
- Name, address, date of birth, gender,
nationality of company shareholders and
the number of shares held by each of the
shareholders
- Share allocation structure i.e. share
currency, total number of shares, value
per share and total share capital.
[
Back
To Top
]
NOMINEE DIRECTOR:
A Nominee
Director is used to maintain beneficial
owner's anonymity and confidentiality from
public disclosure requirements in the UK
and other jurisdictions. It is a legal device
which preserves the privacy of an individual,
and it is designed to help people who do
not wish to disclose their interest or association
with a company.
This service costs £400 per year
and takes approx 4-6 days.
[
Back
To Top
]
NOMINEE SHAREHOLDER:
A Nominee shareholder is normally a company
or person that holds shares on behalf of
the investors. The Nominee shareholder is
not the legal owner of the shares and the
underlying investors are entitled to all
income and capital gains on the shares.
The Nominee Shareholder Service serves the
purpose of ensuring that your identity as
the Beneficial Owner(s), remains confidential
and not put on public record at the Company's
Registry.
The Nominee Shareholder normally holds
your shares and a signed Stock Transfer
Form is issued to you, so that you can have
the security of being able to transfer the
shares at any time.
The cost of this service is £25
per year (for UK companies) or £200
per year (for offshore companies).
[
Back
To Top
]
APPLICATION FOR PREFERENCE
SHARES:
A preference share is a special type of
share that entitles the holder to preferential
treatment in the payment of dividends. Preference
dividends must be paid before ordinary dividends.
Preference shares therefore carry less risk
than ordinary shares. We provide the service
of allotment of preference shares.
This service costs £25 and it
takes 6 to 7 days to get this service ready.
[
Back
To Top
]
DOMAIN NAME REGISTRATION:
A domain is a unique name that identifies
an Internet site. Domain Names always have
at least two parts, which are separated
by dots (for instance google.com). The part
on the left is specific whereas the part
on the right is more general.
Formations House provides a domain name
registration service, which costs £10
and is ready within 24 hours of the receipt
of order and payment. The following details
are required for this service:
- Preferred domain name
- Preferred alternate names (if the first
name is not available)
- Company Name
- Registration Number
[
Back
To Top
]
CUSTOMER'S OWN ARTICLES
AND MEMORANDUM OF ASSOCIATION:
Formations House forms companies with standard
Memorandum of Association and Articles of
Association. The customers also have the
option of using their own customized Memorandum
of Association and Articles of Association
This service costs £25 and you
need to provide your own customized Memorandum
of Association and Articles of Association.
[
Back
To Top
]
CERTIFICATE OF GOOD
STANDING:
A Certificate of Good Standing is usually
issued by the Registrar of Companies stating
that According to the documents on the file
of the company in the custody of the Registrar
of Companies, the company has been in continuous
and unbroken existence since the date of
its registration. No action is currently
being taken by the Registrar of Companies
for striking the company off the register
and dissolving it as defunct, and as far
as the Registrar is aware:
a) The company is not in liquidation or
subject to an administration order,
and
b) No receiver or manager of the company's
property has been appointed.
It may also include details of the Directors,
Company Secretary and the Registered Office
address.
A Certificate of Good Standing is often
required by lenders in connection with application
for loan or government grants. However,
a Certificate of Good Standing cannot be
used as an evidence of the financial situation
of the business.
This service costs £50 ( UK companies)
and is ready in 4 5 days or £125
(Offshore companies) and is ready in 7 to
10 days. The following information is required:
- Company Name
- Registration Number
- Registration Date
[
Back
To Top
]
ONLINE COMPANY ADMIN:
Formations House on-line company administration
service would enable you to update your
company information online, and this information
is submitted to Companies House at the same
time, in accordance with statutory requirements.
This service allows you to perform the following
essential modifications and updates (It
is mandatory to notify Companies house of
these changes):
- Change of Registered Office Address
- Appointment of Director or Secretary
- Appointment of Corporate Director or
Secretary
- Termination of Appointment of Director
or Secretary
- Change of details of Director or Secretary
- Annual Return Filing (Form 363)
- Notice of increase in nominal capital
of company
- Issue new shares
- Transfer shares
The cost is £25 per annum (if
used with company formation service) or
£75 per annum (if used independent
of the company formation service).
When company is NOT formed through Formations
House, you will need to purchase the Online
company administrator service in combination
with the Registered Address service. The
cost will be as follows:
- Registered address £50 per
annum
- Online company administrator £25
per annum
Also the following documents and information
will be required:
- Copy of the certificate of registration
(word document or PDF file)
- Articles and memorandum of association
(word document or PDF file)
- Existing Registered address
- Name, address, date of birth, gender,
nationality of company director
- Name, address, date of birth, gender,
nationality of company secretary
- Name, address, date of birth, gender,
nationality of company shareholders and
the number of shares held by each of the
shareholders
- Share allocation structure i.e. share
currency, total number of shares, value
per share and total share capital.
[
Back
To Top
]
CHANGE OF COMPANY
NAME:
It is possible to change a company's name
after registration. The name may be changed
voluntarily, according to business requirements.
Additionally, if a name is registered that
is too similar to the name of another company
already on the index, and an objection is
made, then the Secretary of State may direct
the company formed latter to change its
name.
Formations House provides this service
at only £25 (for UK companies) or
£125 (for Offshore companies). The
time required time period is 5 to 7 days
(for UK companies) and 10 to 14 days (for
Offshore companies).
The following details are required:
- Company's Old Name
- Company's New Name
- Registration Number
- Date of Registration
[
Back
To Top
]
APOSTILLE:
This is a documentary device by which a
government department, usually the State
Department, Justice Ministry or Foreign
Ministry, authenticates a document as genuine,
thereby legalizing it for use in another
member country. Once a document has been
Apostilled, thereby providing official government
authentication of the signatures and stamps
appearing on it, it is automatically deemed
legalized for use in another country.
This service costs £150 and it
takes approx 6 to 8 working days to get
it ready. Formation House needs the following
details for this service:
- Company Name
- Registration Number
- Date of Registration number
- Documents which are to be legalized
thorough Apostille
[
Back
To Top
]
COPYRIGHT REGISTRATION:
A Copyright is a protection that covers
published and unpublished literary, scientific
and artistic works, whatever the form of
expression, provided such works are fixed
in a tangible or material form. Copyright
laws grant the creator the exclusive right
to reproduce, prepare derivative works,
distribute, perform and display the work
publicly. Exclusive means only the creator
of such work, not anybody who has access
to it and decides to grab it.
This service costs £150 and takes
approx 6-8 months to complete the procedure.
Formation House needs the following details
for this service:
- Company Name
- Registration Number
- A brief description f business activities
[
Back
To Top
]
SIC REGISTRATION:
SIC stands for Standard Industrial Classifications.
These codes are used to classify a business
by industry type. When companies register
in the UK they can register with a SIC code
pertinent to their area of business.
This service costs £10 and takes
approx. one week for the process to be completed.
Formation House needs the following details
for this service:
- Company Name
- Registration Number
- Type of Business
[
Back
To Top
]
LLP REGISTRATION:
LLP (Limited Liability Partnership) is
a separate legal entity with, unlimited
capacity. The LLP (Limited Liability Partnership)
is intended to combine the organizational
flexibility and tax status of the partnership
structure with the benefits of limited liability
for its members. The LLP resembles the limited
company in two key respects, as follows:
- it is a corporate body with separate
legal personality
- the liability of its members is limited
Registration of an LLP costs £150
and takes approx 10 to 14 days. Formations
House requires the following details to
proceed:
- Proposed name of UK LLP
- Location of registered office ( England
, Scotland or Wales )
- Address of registered office
- Name, date of birth, gender, address
and nationality of all members of the
LLP
- Share allocation structure
[
Back
To Top
]
BRANCH OFFICE REGISTRATION:
A 'branch' is part of an overseas limited
company organized to conduct business through
local representatives in Great Britain rather
than referring it abroad. Following are
the requirements for branch office registration:
- The parent company should be registered
outside the UK
- The parent company should be a limited
company
This service costs £250 and takes
approx 10 to 14 days to complete the procedure.
Formations House requires the following
details to proceed:
- Certified copy of Certificate of Registration
of your foreign company
- Certified copy of Articles and Memorandum
of Association
- Certified copy of your company accounts
[
Back
To Top
]
CERTIFICATE OF NON- TRADING:
Formations House provides this certificate
for the readymade companies guaranteeing
that the company has not traded prior to
it being transferred to you.
The cost of this service is £10
and takes approximately 4-5 days to complete
this process.
[
Back
To Top
]
NOTARIZED MINUTES
OF MEETING:
It is required for all UK companies to
hold regular meetings. The minutes of these
meetings should be submitted to Companies
House. Formations House provides the service
of preparing minutes of meetings.
This service costs £25 and takes
no more than 3 to 4 days to get it ready.
The only details required are the details
of the meeting itself.
[
Back
To Top
]
DORMANCY APPLICATION:
The term 'dormant' applies to a company
that, in legal terms, has 'no significant
accounting transactions' during a financial
year. It is not the same as a 'non-trading
company', a term that has no legal meaning.
No significant accounting transactions means
zero entries in the company's accounting
records. The amount paid for shares when
the company is first formed and a few costs
that the company may incur in order to keep
the company registered at Companies House
do not count as significant accounting transactions.
Dormant companies have to submit the following
documents:
- Annual tax returns (Companies house-copy
to Inland Revenue): this will be an abbreviated
return.
- Annual Return (Companies House): An
annual return contains certain company
information up to the made-up date. It
is separate from a company's annual accounts.
- Company Accounts (includes: balance
sheet, profit and loss account, notes
to the accounts, director's declaration,
stating that all that is there has been
stated and is in compliance with requirements)
If there are any changes in share structure,
personnel or financial status of the company,
then the relevant documents must also be
submitted to Companies House.
The cost of this service is £75
and it takes approximately 10 14 working
days for the process to be completed. Formations
House requires the following details to
proceed with your order:
- Company Name
- Registration Number
- Registration Date
[
Back
To Top
]
ACCOUNTING SERVICE
FOR DORMANT COMPANIES:
A dormant company is a company that, in
legal terms, has no significant accounting
transactions during a financial year. Dormant
companies have to submit annual tax returns
and annual Accounts. Formations House offers
accounting services to active companies
as well as dormant companies.
The service costs £300 for the
first year and from 2nd year onwards £75/annum.
It takes 3 to 4 days to get this service
ready and the following details are required:
- Company Name
- Registration Number
[
Back
To Top
]
MEETING ROOM:
Formations House offers meeting rooms for
rental. These meeting rooms are equipped
with state-of-the-art audio-visual equipment
and all of the necessary facilities.
The cost of renting the Meeting Rooms is
£25/hour and you need to kindly
inform at least 1 week before you want to
rent a meeting room, as they are subject
to availability.
[
Back
To Top
]
VIDEO CONFERENCING:
A videoconference is a live connection
between people in separate locations for
the purpose of communication, usually involving
audio and often text as well as video. Videoconferencing
provides a complete simulation of a normal
meeting environment, enabling both parties
to see, hear and present material, just
as if they were in the same room.
The cost of this state-of-the-art video
conferencing facility is £150 per
hour + the cost for outgoing phone calls
(£200 on weekends). Kindly inform
at least 1 week before you want to rent
the video conferencing facilities, as they
are subject to availability.
[
Back
To Top
]
COMPANY WINDING UP:
If a company is no longer required it may
be closed through winding up proceedings.
This service costs £75 (if the
company has not traded) or £250
(if the company has traded). It takes approximately
6 months to complete this process. You need
to kindly provide the following information:
- Company name
- Registration number
- Registration date
- Detail of business activity
- Letter from director.
- Copy of certificate of registration
|
