Hi Folks,
I am currently on Tier2 (General) visa and would like to buy shares and also become one of the executive directors in the company for which I currently work and it is the company that sponsored me for the visa.
As I understand on Tier 2 (General) visa, it is not allowed to own more than 10% of the shares. Here I'm planning to buy around 20% shares. I have read on switching to Tier 1 (entrepreneur) visa which needs access to £200,000 however the shares I am planning to buy are around £130,000 and this route seems not possible.
If there is no other alternative, I could buy only 10% of the shares. However I would have additional responsibilities on top of my current ones and also be appointed as one of the directors. Can I categorise the additional responsibilities as voluntary work? for which I do not need to notify UKBA.
Any ideas would be greatly appreciated.
Many Thanks.
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