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rizmir if your a director of a limited company with only one shareholder which is yourself then you apply under Cat Frizmir wrote:Hi
if some one highlight please. I am a director of a limited company and company is not of a type as specified in paragraph 9(a). i.e., i am only shareholde. Its mentioned in appendix FM that if a person is getting salary in such a type of company that could be counted as salaried person in category A or B of employment.
I am getting salary since 7 months of 14K now i am thinking to have dividend of 5K to make 19K so that i can fullfill the 18600 requirement. In guidance its mentioned that category A or category B can be combined with category C(non-employment, i.e., dividend etc).
If any person highlight whether i picked the right understanding.
will be highly appreciated.
regards
Is it required to have the money in my personal bank account? Will they not consider my business bank account? I spoke to a couple of solicitors and they told me that it will be fine if my business bank account shows the incoming amount more tha £18600. My accountant has also given me a letter saying that my income from the business is xxxxx. This figure is more than the threshold. He says that even if you have not withdrawn all the money from your business, the amount us in your business bank account as disposable income.abdulraheem123 wrote:"My question is - is it mandatory to show that in your personal account, you must draw more money (salay+ dividend) from business account during the company financial year?"
if you have only withdrawn £17k into personnel account for your business financial year, then if the visa officer trys to add up all your withrawings on your bank statements he wont find the minimun £18600 he is looking for.
what you can do is to show him maybe 18 months bank statements- to see if that can confuse him a bit, as if you are now showing 18 months bank statements and he trys to add up all your withrawings then hopefully it should be more than £18600
yeah i know what you mean as the business bank account being used as your disposable income,vikas_2603 wrote:My accountant has also given me a letter saying that my income from the business is xxxxx. This figure is more than the threshold. He says that even if you have not withdrawn all the money from your business, the amount us in your business bank account as disposable income.
Thanks.
Thanks Abdul.abdulraheem123 wrote:yeah i know what you mean as the business bank account being used as your disposable income,vikas_2603 wrote:My accountant has also given me a letter saying that my income from the business is xxxxx. This figure is more than the threshold. He says that even if you have not withdrawn all the money from your business, the amount us in your business bank account as disposable income.
Thanks.
but the question is will the visa officer understand that and accept it as your income?