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marketing786 wrote:Can I run two limited companies at the same time where one company is the one I have applied application and investment money in.
Second company will be securing contracts as well and creating employment.
As the policy guidance says you will be working for your own business what you have invested in.
Question is if the second company is not securing investment from your side but a successful business are you allowed to continue two businesses or not ?
Any GURU
marketing786 wrote:@tier1 newbie
I have already invested 50k in one company and wants to open another limited company. The second company is not to claim points which will the first one. 2nd one is to do business as well and both will be NVQ Lvel 4.
Policy guidance says you should only work in your own ((business or businesses)) means more than one business.
another para guidance says migrant must be employed as director of the business he is to invest in....
My point on 2nd line is if you have invested 50k or 200k in one business you still can open another one and become director of both companies....? As mentioned in 1st line ((business or businesses)) established, joined or taken over.
Hello Marketingmarketing786 wrote:@Tier1 Newbie
According to my research you are only allowed to do business or businesses which you are investing in. Means you applied for visa with two companies and you will be investing 50k or 200k in those two companies its allowed but you can not open third company because you wont be investing in that.
In policy guidance it says migrant must be registered as director of the business he is investing in. Business can be 2 or ten but only the ones you are investing. Once you signed a directors loan agreement for 3 years with one or two companies when you applied you cannot take money out of those companies.
I hope you got my point.
I understand if you invest 100 pounds, you satisfy the requirement.marketing786 wrote:According to my research you are only allowed to do business or businesses which you are investing in.
245DE does not say you are only allowed to run business or businesses which you are investing in.245DE. Period, conditions and curtailment of grant
(b) Leave to remain under this route will be subject to the following conditions:
(iii) no employment, other than working for the business or businesses which he has established, joined or taken over, but working for such business(es) does not include anything undertaken by the applicant pursuant to a contract of service or apprenticeship, whether express or implied and whether oral or written, with another business.
From this I understand you can be a director of a business with access to this business' accounts without investing your own money into the business...245D. Purpose of this route and meaning of business
(c) Where paragraphs 245D to 245DF and paragraphs 35 to 53 of Appendix A, refer to investing funds in a business or businesses, or to money remaining available to the applicant until such time as it is spent for the purposes of his business or businesses:
(i) 'Available' means that the funds are:
(2) in the financial accounts of a UK incorporated business of which he is the director