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DIRECTOR SALARY AND EMPLOYEE SALARIES

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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imran10
Junior Member
Posts: 56
Joined: Thu Jul 24, 2014 9:59 pm

DIRECTOR SALARY AND EMPLOYEE SALARIES

Post by imran10 » Tue Sep 22, 2015 5:52 pm

Hello Everyone,

I know director salary does not count as an investment, but does employees salaries count as an investment or not?

Please clarify....

Thanks

tiredoftiers
Member
Posts: 100
Joined: Sun Sep 06, 2015 10:56 pm

Re: DIRECTOR SALARY AND EMPLOYEE SALARIES

Post by tiredoftiers » Tue Sep 22, 2015 7:13 pm

a person is recruited when there are responsibilities and tasks that can not be handled by the existing workers so more people are needed this would also mean company making profit and can financially afford more employees.

if I say something using common sense here with this Ent.1 visa extension requirement director transfers money into company account(some round figures 1000,4000,10000, not an exact amount to the payable amount to your employee) this amount then goes out to creditors expenses employees etc. and shown in company expenses, what policy says money paid towards director salary is not counted for invested money purposes but policy does not say if employees salaries paid by company aren't countable, to meet the extension requirement even if a company is not making any profit investor still need to employ people and once a person is employed he needs to be paid, such money paid to employees(before the director's salary) to the best of my understanding is countable for invested money purposes.

lets see what seniors say

shanky
Member
Posts: 137
Joined: Wed Oct 24, 2012 10:33 am
Location: Wonderland

Re: DIRECTOR SALARY AND EMPLOYEE SALARIES

Post by shanky » Wed Sep 23, 2015 5:03 pm

directors cant take salary and show against investment. Point is simple that you bring the money into the economy. you are allowed to take salary no one can stop you to do that but it cannot be against investment . For example if you on Tire 1- 50 K investment route and you take 10 k as director salary . you would need to invest 60 k according to requirements
S

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