Hi All,
I would really appreciate if somebody can help me with the following questions. I am on a permanent job and have been for the last 4 years, earning more than required gross salary. I have now been offered a contract that would need me to setup a LTD company and require me to travel abroad to Europe mainly Mon-Fri for business reasons. I need to decide and accept the offer by close of business Thursday so is very urgent. My queries are as follows broken into Pay and Stay sections
PAY
1) If I setup my own LTD Company, I would be the director of the company with monthly salary less than £700 and then also would get paid dividends of £1800 approximately. This makes up £30,000 required for ILR. Can I claim the sum of dividends and monthly salary as gross income for ILR? The evidence would be Pay slips, Dividend slips and the personal bank statement confirming payment. Is this evidence and method OK? (Considering that the accountant recommends that the dividends of up to 34000 pounds paid over the year and basic salary of 700 pounds will not incur taxes)
STAY
2) If my travel exceeds the 90 day limit for the last year before ILR, due to multiple trips to Europe for business (mostly Mon-Fri) and the overall stay over 5 years stays under "180" days, is this case straightforward or would it be to the discretion of UKBA?
OR
Would it be better to ensure that the total absence outside UK stays under 90 days for last year prior to ILR application and fewer than 180 days over the period of 5 years? Would this method ensure that no discretion involved?
3) Does the 90 day rule apply only to a single continuous trip or it applies to multiple short stays (for e.g. Mon-Fri) as well?
CONCLUDING QUESTION
4) Is it better to just wait for my last year and apply for ILR in December 2012? To keep things simple, earn less on the permanent and after getting ILR go contracting?
5) If it is better to keep permanent job, please let me know whether it is due to discontinuous stay (above 90 days over 4 years) involved or Gross Salary (Through Dividends/pay slips)?
**********Please supply any links from UKBA covering the above queries if possible***************
I would really appreciate if people who have been in similar situation and have applied for ILR share their experience/opinion. I would definitely request guidance from Moderator/Senior members on the queries above.
Kind Regards
Cam
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