Closing down business after getting ILR

Hi,

I just got a same-day approval for my SET (LR) yesterday. I would like to permanently close down my business due to sustained and never ending losses. In the process of closing down, I unfortunately have to let my employees go as well. (This is not the result I wanted or expected when I was sponsored by my university for Graduate Entrepreneur visa 4 years ago).

I was just wondering if I could face any problem down the road such as applying for naturalisation?

Many Thanks

No. You are free to do as you choose as you have ILR

Thank you so much Zimba.

Hello again,

I told my accountant to close down my company today but he said it is better to wait until I become naturalised because Home Office will give more points if I keep my limited company open. I literally can not keep it going any more and fired all my employees without telling my accountant. I'm in total panic guys, what should i do?

Many many thanks

Ali272 wrote: ↑

Thu Feb 07, 2019 7:43 pm

Hello again,

I told my accountant to close down my company today but he said it is better to wait until I become naturalised because Home Office will give more points if I keep my limited company open. I literally can not keep it going any more and fired all my employees without telling my accountant. I'm in total panic guys, what should i do?

Many many thanks

There are no 'points' for xy or z when applying for citizenship. You have to meet the requirements as stated in the nationality laws. He is talking nonsense. There is also no requirement to 'own a business' or 'be employed' to qualify for citizenship.

Wow nice. Thank you so much!!

The guy want you to keep him so he can continue to milk you for another year before naturalisation. You don’t need any business for naturalisation.

bizman wrote: ↑

Fri Feb 08, 2019 10:18 am

The guy want you to keep him so he can continue to milk you for another year before naturalisation. You don’t need any business for naturalisation.

I know, right? I've been googling for hours. I can't find anything wrong with closing down my business. I will force him to close down my Ltd on Monday! Thanks a lot