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Opening a Limited company

Only for the UK Skilled Worker visas, formerly known as Tier 2 visa route

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vvd2212
Newly Registered
Posts: 23
Joined: Tue Apr 05, 2022 10:16 am
India

Opening a Limited company

Post by vvd2212 » Tue Jun 18, 2024 9:11 am

Hello all, I am skilled worker in health sector, I would like to extend the sources of income so, I want to open a company and do a passive income so can I do that…! Even though I am on a skilled worker visa. Any suggestions would be really helpful thanks

zxyzhgp
Junior Member
Posts: 65
Joined: Mon Nov 13, 2023 4:53 pm
Mood:
United Kingdom

Re: Opening a Limited company

Post by zxyzhgp » Tue Jun 18, 2024 12:34 pm

be careful about the guideline on the 2nd job.
When I applied for ILR few months ago, the income of my 2nd job was not considered (not sure the current policy)

Also it is better to do PAYE for 2nd job, otherwises you may have problem with HMRC self assessement

Hampshire
Junior Member
Posts: 85
Joined: Mon Mar 21, 2022 10:30 am
Mood:
India

Re: Opening a Limited company

Post by Hampshire » Wed Jun 19, 2024 6:28 am

You can buy shares or open any company but you can employ yourself only with SWV restrictions.

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