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Prospecive self employment

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humble_pie14
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Prospecive self employment

Post by humble_pie14 » Mon Apr 02, 2018 8:18 pm

Hi Guys,


I would like to apply for my wife’s spouse visa.
We are married for over 2 years and have a child together.

Now I have a limited company and I also have a full time job as engineering manager. My job has been recent 2 months, but I meet the 18600 requirements it’s just the duration is less than 6 months.

On my limited company which is in business for last 4 year. it’s only been 5th month of my company year and am close to meeting the financial requirements, but it won’t help because I have to wait until the year is complete and apply with CT600.

Now only way I can apply straightaway by showing that I have credible prospective Contracts in line for my limited company, which are genuinely there.

Please it would be really helpful if someone sheds some light on this.

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seagul
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Re: Prospecive self employment

Post by seagul » Mon Apr 02, 2018 8:51 pm

Self employment is one of the hardest way of meeting financial requirement because a large range of evidences are required. But regarding your employment which is less than 6 months then be informed that if you have earned £18600 during the last 12 months then can apply under category B.
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

humble_pie14
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Re: Prospecive self employment

Post by humble_pie14 » Mon Apr 02, 2018 11:02 pm

seagul wrote:
Mon Apr 02, 2018 8:51 pm
Self employment is one of the hardest way of meeting financial requirement because a large range of evidences are required. But regarding your employment which is less than 6 months then be informed that if you have earned £18600 during the last 12 months then can apply under category B.
Thank you for reply, Yes I have earned more 18600 in last 12 months, Ironically 31 of March was end of Financial year my self assessment is more than £18600. But most of that income came via my limited company which I am sole Director off, hence Category B doesn't apply to me ?

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seagul
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Re: Prospecive self employment

Post by seagul » Mon Apr 02, 2018 11:09 pm

humble_pie14 wrote:
Mon Apr 02, 2018 11:02 pm
seagul wrote:
Mon Apr 02, 2018 8:51 pm
Self employment is one of the hardest way of meeting financial requirement because a large range of evidences are required. But regarding your employment which is less than 6 months then be informed that if you have earned £18600 during the last 12 months then can apply under category B.
Thank you for reply, Yes I have earned more 18600 in last 12 months, Ironically 31 of March was end of Financial year my self assessment is more than £18600. But most of that income came via my limited company which I am sole Director off, hence Category B doesn't apply to me ?
If you have earned £18600 through self employment during the last 12 months then yes category B won't be appropriate for you. You should go ahead with self employment otherwise after 4 months you can apply under category A if you can wait such long.
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

humble_pie14
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Joined: Tue Mar 20, 2018 4:37 pm
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Re: Prospecive self employment

Post by humble_pie14 » Mon Apr 02, 2018 11:19 pm

seagul wrote:
Mon Apr 02, 2018 11:09 pm
humble_pie14 wrote:
Mon Apr 02, 2018 11:02 pm
seagul wrote:
Mon Apr 02, 2018 8:51 pm
Self employment is one of the hardest way of meeting financial requirement because a large range of evidences are required. But regarding your employment which is less than 6 months then be informed that if you have earned £18600 during the last 12 months then can apply under category B.
Thank you for reply, Yes I have earned more 18600 in last 12 months, Ironically 31 of March was end of Financial year my self assessment is more than £18600. But most of that income came via my limited company which I am sole Director off, hence Category B doesn't apply to me ?
If you have earned £18600 through self employment during the last 12 months then yes category B won't be appropriate for you. You should go ahead with self employment otherwise after 4 months you can apply under category A if you can wait such long.

I totally agree with you, waiting another 4 months is a lot simpler. But I would like to apply straightaway, reason is my 1 year old daughter(she has been granted Nationality) is not well so want to apply asap.


Going back to self employment yes category B doesn't apply to me. But Currently its clearly evident that although its 5th Month of my company financial year, my total turnover so far is already close to £17000 in 5 months. And I have this company for last 4 years. So giving them documentation evidence from existing clients that my contracts would continue.

All this is in addition to my full-time job which i started 2 months ago, with earning above £18600 a year.

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seagul
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Re: Prospecive self employment

Post by seagul » Tue Apr 03, 2018 8:11 pm

Preferably don't mix employment route with self employment. And also don't forget that if you have and your partner have savings around £62500 from at least 6 months then you can meet requirement too.
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

humble_pie14
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Re: Prospecive self employment

Post by humble_pie14 » Tue Apr 03, 2018 10:25 pm

seagul wrote:
Tue Apr 03, 2018 8:11 pm
Preferably don't mix employment route with self employment. And also don't forget that if you have and your partner have savings around £62500 from at least 6 months then you can meet requirement too.

Hmm, no we don't have that much savings. But come July when I will have 6 payslips from my job meeting the £18600 requirement. Would it be a concern apart from this job I will also have income coming into my account from a limited company which I own. Technically it shouldn't since I have entitled to work for somebody at the same time own a small business myself ?

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seagul
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Re: Prospecive self employment

Post by seagul » Tue Apr 03, 2018 10:57 pm

humble_pie14 wrote:
Tue Apr 03, 2018 10:25 pm
seagul wrote:
Tue Apr 03, 2018 8:11 pm
Preferably don't mix employment route with self employment. And also don't forget that if you have and your partner have savings around £62500 from at least 6 months then you can meet requirement too.

Hmm, no we don't have that much savings. But come July when I will have 6 payslips from my job meeting the £18600 requirement. Would it be a concern apart from this job I will also have income coming into my account from a limited company which I own. Technically it shouldn't since I have entitled to work for somebody at the same time own a small business myself ?
If you will be meeting financial requirement through employment then any other incoming/outgoing other than the wages won't matter.
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

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