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Urgent Help Required - Director Salary

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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M. Syed
Newbie
Posts: 33
Joined: Wed Apr 16, 2014 8:04 pm

Urgent Help Required - Director Salary

Post by M. Syed » Mon Jan 08, 2018 11:22 pm

Dear Friends and moderators,

Hope you all are well. My ILR through entrepreneur 5 years (50K) route is due this month and I have got a question about my circumstances. I have invested £62,000 as director loan and for last five years, My combined turnover exceeds 250,000.00 and have recurring expenses and wages as normal. Staff wages also in range of £80,000.00. I am also taking salary (directors wages) around 17,000 in the last 2 years when my company start making profit (even after director wages).

My question is simple that whether I have to invest back £17,000.00 into business or the HO would consider that the wages are drawn from turnover and subsequent profit ?

Every little will help !

Many thanks,
Muhammed Syed

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marcnath
Moderator
Posts: 6493
Joined: Tue Jul 03, 2012 3:27 pm
Location: Milton Keynes
United Kingdom

Re: Urgent Help Required - Director Salary

Post by marcnath » Tue Jan 09, 2018 7:39 am

You don't need to worry - nothing that you have to do
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

natsha
Member
Posts: 174
Joined: Tue Nov 07, 2017 12:56 pm
United States of America

Re: Urgent Help Required - Director Salary

Post by natsha » Tue Jan 09, 2018 3:03 pm

You do not need to send any documents regarding Investment anymore for ILR.

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