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u can work for your other business and draws wages from it...please check statement below from policy guidance:Darvesh wrote:u can invest in any business however cant work for any business below level4 except administering that business only and wont entitled to draw any wages from it too.
u can invest in several businesses at the same time if u have access to funds.
Darvesh wrote:only administer the business but cant take wages....though take Dividend
taking wages out or dividend are two different things
@ educators
dont just paste from policy guideline rather read it in its context..
First of all what you said about being actively engaged in a business at graduate level only is not mentioned anywhere in policy guidance. I know in your main business you have to be employed in a graduate level role which if one is maintaining then in 2nd business which is at lower level he can be employed as well. Because UKBA says you can be employed for your own businesses. They never said that you can only be employed or be actively engaged in a graduate level business only. If they do say like this then please point it out to me.Darvesh wrote:@ EDUCATORS
I WONT COMMENT ON AN INDIVIDUAL CASE.
LETS SAY ONE HAS ESTABLISHED MORE THAN ONE BUSINESSES WHICH ALL ARE ABOVE LEVEL 4 AND IN THIS CASE HE/SHE CAN BE EMPLOYED BY BY ALL THOSE BUSINESS.
IN A CASE WHERE ONE BUSINESS IS ABOVE AND ANOTHER IS BELOW LEVEL 4 THEN HE/SHE CAN ONLY BE EMPLOYED BY A BUSINESS WHICH IS ON/ABOVE LEVEL 4. HE/SHE WILL ADMINISTER THE OTHER BUSINESS THOUGH CANT BE EMPLOYED BY THIS BELOW LEVEL 4 BUSINESS.
UKBA WANT ACTIVELY ENGAGED IN THAT BUSINESS WHICH IS ON/ABOVE LEVEL 4. THIS IS THE REASON U CANT ENGAGE URSELF TO A BUSINESS WHICH IS UNDER LEVEL 4.
REST READ POLICY GUIDELINE
ANOTHER MAIN POINT U MUST CONSIDER WHEN U GET EMPLOYED BY YOUR OWN BUSINESS(LEVEL 4 BUSINESS) THAT ANY MONEY U TAKE THROUGH PAYE WILL NOT BE CONSIDERED TOWARDS INVESTMENT OR COMPANY EXPENSES HOWEVER STAFF SALARY WILL BE COUNTED.