Hi All
I have to apply my extension in a few months time, so just started to get everything in order.
I am working as a contractor and I use Ltd Company for this purpose. My concern is that I am not 100% share holder in this company, my wife who is also contracting works under the same Ltd company and has 40% shares of this company. As she earns 40% of the value in the company.
Me being the main applicant will have to show my previous earnings, can you please guide me on following points :-
1. Will UKBA pose any problem if I am not 100% share holder ( although i think not ) if not, what all papers do I need to prove, what was my value addition to the company ?
2. My income from my comapny consists of 3 parts viz. Salary, Dividends, Expenses. My accountant provides me with three different figures and to keep things simple I draw three different amounts from my company account. So my concern is Do UKBA consider the Expenses part of your income ?
3. Do I need to show my Business Bank Account Statement ?
4. How would I prove which income into business account was earned by me ?
I know UKBA should not be bothered about how and who is earning for a company but I think they might consider this as I am not 100% shareholder of the company.
Please let me know if you think there can be more complications.
Thanks
Mudit
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