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Search found 3 matches

by pallavkumaria
Tue Jun 11, 2013 11:04 am
Forum: UK Tier 1 (Entrepreneur) visas
Topic: £50K of own money or business
Replies: 9
Views: 860

Option 2 is the safest case that you pay all of your taxes, take the money out as dividends and then reinvest it back and use the money as business expenditure. But I suppose still there must be some options for businesses that are already running and have funds with them which they can use for busi...
by pallavkumaria
Mon Jun 10, 2013 4:46 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: £50K of own money or business
Replies: 9
Views: 860

I thought so but when you withdraw money as dividends you need to pay all the taxes prior to doing so but if I keep the money in the business account and then invest that would be considered as a business expense, so would have to eventually pay less taxes and reuse the money. But the only thing tha...
by pallavkumaria
Mon Jun 10, 2013 4:17 pm
Forum: UK Tier 1 (Entrepreneur) visas
Topic: £50K of own money or business
Replies: 9
Views: 860

£50K of own money or business

I am running a company within the UK and currently on a PSW visa and need to apply for UK Tier 1 (Entrepreneur) visa. I have a business turnover of over £100K and I have been able to generate £50K+ with the business. As per what I have read on the UKBA site it mentions that PSW visa holders should i...