- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2
naveednikka wrote:can we take the money from our investment in business account as a salary for director if our business is quiet ? and if yes will that be counted as investment in business ? and wot does that mean from policy guidance please
The amount of money invested should not:
▪ include the value of any residential accommodation or property development, or property
management; or
▪ be in the form of a director’s loan, unless it is unsecured and is subordinated in favour of the
third-party creditors.
GLL wrote:The Immigration rules paragraph 245 D (c) clarifies what "spent for the purpose of the business excludes:
'Spent' excludes spending on:
(1) the applicant’s own remuneration,
(2) buying the business from a previous owner, where the money goes to that previous owner rather than into the business,
(3) investing in other businesses, and
(4) any spending which is not directly for the purpose of establishing or running
the applicant’s own business or businesses
Expatinlaw wrote:Hi all
I would like to restart this discussion about investment issues within a Tier 1 (E) Visa framework.
I read a few general discussions about investments but there are no talks about specific options or issues that an applicant may be faced with when demonstrating/proving his investment.
To start with I am giving you my case:
I`m a Tier 1 (E) visa holder approaching my extension time next year.
In terms of my background, I`m a foreign qualified highly-skilled professional with an appropriate English Master degree. Currently, I`m running my ltd and doing pretty well so far generated £40k in my first trading year. I just about to obtain my English qualification licence that allow me to provide full scale service in the field of my business in England and expand the practice further. I have a respectful accounting firm to look after books. I hired a secretary (my wife) and now just about to hire a business development manager in order to fulfil the employment requirement for the extension. It's all good so far.
BUT, because I`m doing my business on outsourcing basis I don’t need to invest £50k in order to generate income. All what I need is a few computers and comfortable desk.
Thus, I'm running a genuine business, paying taxes, VAT and providing employment for the UK residents BUT I`m struggling with my investment requirement that I have to meet for the extension application.
Legally speaking, as a shareholder and a director I can make an allotment of shares of my ltd for £50k and buy them all as a shareholder. But, as far as I`m understand it will only be technically right and won`t demonstrate real investments.
Could you please share your experience and knowledge regarding investment options available that is REAL, or issues that may arise in the course of that investment? Is it fine to just pay all £50 to myself and my employees?
Much appreciated!