I am on Tier1 general, and my extension is due in January 2013 (one year left). I am in a contract job and I’m now soon to switch from umbrella company to limited company. For this I have formed my limited company. I am new to the limited company concept in the context of Tier1 visa, so can you please point out whether any of the below mentioned facts can cause problem (or potential problem) in relation to my tier1 extension:
- I am the director of the company (is that fine?). I’ll be the sole employee of the company as well.
- And I am the only share holder.
- Number of shares is one, and cost of each share is one pound.
Many thanks for your kind advice.
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