«Offshore incorporations, offshore companies, bank accounts.»

Changes influencing UK entrepreneurship legislation 25/09/2008

There have been made provisions of the Companies Act 2006 (coming into force on 1^st October 2008) concerning:

-          COMPANY NAME: option of making complaints about “opportunistic registration”.

-          TRADING DISCLOUSURES: company name must be displayed at its registered office, its inspection place, its place of work and in business correspondence and documents (dormant companies will exempted from this inquiry).

-          CORPORATE DIRECTORS: in the company there has to be at least one director who is a natural person.

-          SHARE CAPITAL: option of reducing the amount of share capital by special resolution supported by a solvency statement made by the directors.