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Limited Company query

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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deepakprab
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Posts: 8
Joined: Tue Jun 03, 2014 3:00 am

Limited Company query

Post by deepakprab » Fri Jun 06, 2014 11:11 pm

Hello ILR experts,

I qualify for ILR next year but I recently started a Limited Company (technology business) but do not expect to have a lot of income/profits by next year (due to the nature of the business). I might be able to raise some funding but there is no guarantee. I still qualify for the points since I have earnings this year from stock options payout from a previous employment.

I have two questions related to my situation above:-

1) Is it safe to assume that the income earned this year from a previous employment will be accepted? I am currently the director my the company I founded and my income was stocks payout 2 years after the company I used to work for got acquired.
2) How does this affect the ILR decision? I was unable to clarify any requirements around salary for the ILR. Do they expect you to have a steady income? I have healthy savings and hence am able to support myself and my family for well over a year.

Would it be safer to just get a salaried job a few months before applying for the ILR?

Thanks in advance.

deepakprab
Newly Registered
Posts: 8
Joined: Tue Jun 03, 2014 3:00 am

Re: Limited Company query

Post by deepakprab » Mon Jun 09, 2014 7:33 pm

Experts, any updates on this?

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