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Where did you find this ? Can you quote page number.Anontier1 wrote: ↑Tue Jul 23, 2019 6:06 pmHello,
Thank you all for your help, my visa extension was approved and now the 2 years before the ILR stage.
I have a few questions about this next stage as I see that the guidelines now ask to show the activity as per the original business plan submitted which is all fine.
It is allowed. There are no restrictions.Anontier1 wrote: ↑Tue Jul 23, 2019 6:06 pmHas any one else recently added another business under the company umbrella, diversifying their business in the inbetween stage of extension and ILR? If so what did you keep in mind at all times? I want to add another business to improve the cash flow etc but not sure if it's allowed.
Minimum 2FT of 12 months eachAnontier1 wrote: ↑Tue Jul 23, 2019 6:06 pm
With regards to the documentation that will need to be provided and the points that will be needed to be claimed to obtain the ILR, what should always be kept in mind to ensure the business is compliant at all stages?
1) Employees ( 2 full time members of staff or more but minimum is 2 FT)
There is no requirement on this
Anontier1 wrote: ↑Sun Aug 04, 2019 2:54 pmIt must be a confusion then as I had heard it from a friend whose lawyers advised her of this.
With regards to the 2 years business and road to ILR, what is needed to be evidenced at all times:
1) Genuine Entrepreneur test- working on the business(es) that were applied with at the time of initial application ==> No such requirement. The only requirement is that you need to be engaged in a business initially and at the time of application. The business(es) you are involved in needs to be genuine.
2) 2 Full time members at all times ==> No such requirement. The only requirement is that you need to have employed 2 FT equivalent employees for 12 months each .
3) Can you have PT workers as well? ==> Of course
In terms of paper trail submission for ILR application, what do the rules currently ask for? I appreciate that by 2021/22 it may be different but it's good to work from a list.
For example
IHS fee ==> Not needed
Maintenance amount, how much is it?==> Not needed
Payslips and passports of employees
Accounts==> Not needed
Companies House registration etc
Corporation Tax code
Are business transactions, invoices required? Or just general audited accounts?==> Not needed
Is there anything else that anyone knows that is required?==> LIUK test
The reason for these questions is that I currently have a business but want to open another one to generate better cashflow selling a different product to the original business I was on the visa for. It would be under the same Ltd company but a different brand still in line with the same SIC codes on companies house registration but one employee would be on the 1st brand and the 2nd employee and a part timer would be on the 2nd brand. All employees, bank accounts, payments etc all go to the ltd company name and are under them not the brands if that make sense. Would this cause any issues as long as the rules are met of revenue generation, employees and hopefully a healthy profit margin at the end of the 5 years? Would you think this is an issue or is it better to shut down the original business and focus on one?
I know of many local resident owned UK companies who have the 1 ltd company but different brands and operate from that one umbrella, in the case of a Tier 1 would this be an issue or does HO look at it in the same way?
Thank you very much for your help!
I seriously don't understand where you manage to get such information.Anontier1 wrote: ↑Wed Aug 07, 2019 1:18 pmThanks all for your replies.
A few more questions and I think I know what to do next.
In the guidelines it says if taking over an existing business net employees need to be doubled, therefore if taking over a business which was just husband and wife team and they are leaving the business then what needs to happen?
Can staff be split between two brands under one business?
No
Please talk to an employment/HR professional to compare 0 hr vs permanent contract. In my opinion, you can have a permanent 0 hour contract.Anontier1 wrote: ↑Wed Sep 18, 2019 11:51 pmAlright, thanks,so no need to have a contract but then how does one determine the 30 hours minimum, is PAYE offered on 0 hour contracts? What is the benefit of 0 hour vs permanent full time? In terms of the paper trail that is required how would a 0 hour contract work with regards to submissions of PAYE, RTI etc?
Many thanks,
There is no such restrictionQSDanik wrote: ↑Fri Oct 25, 2019 11:05 pmin initial tier 1 enterprenure I read some where that 0 hour contract is not acceptable for offering full time job, but not sure after extention if it is still requirement. if Not reuqired it will make my application easy as well, as I have almost 7 Zero Hour contracted employees other than my 2 full time emplyees. so some months my full time emplyee left job so I could fill the gap with zero hours contracted emplyees as those Zero Hours contracted employee still worked more than 30 Hours per week.