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Director not employed by the company

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

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha

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ceobot
Junior Member
Posts: 81
Joined: Wed Jul 20, 2011 5:42 pm

Director not employed by the company

Post by ceobot » Tue Jan 26, 2016 8:02 pm

Hello Guys,

I am on Tier 1 Entrepreneur 50K right now and I am going to apply for extension in about 1 year (my visa expires on April 2017).

I am currently employ 3 people ( I just need 1 worker for extension) and almost invested the whole amount.

However, there is 1 thing which makes me nervous.
Despite being the director and owner of the company I am not employed by the company which basically means
I am not receiving any dividends or salary so there are always zeros in my self assessment.

Once I switched to the Tier 1 VISA I decided not to employ myself and to pay salary, because I think they might consider my salary as I way I am returning my investments back.

Anyway, I am not employed by the company.

Am I on the safe side with this situation ?

Many thanks in advance for your help.

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zimba
Moderator
Posts: 23274
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Director not employed by the company

Post by zimba » Wed Jan 27, 2016 10:42 am

Your are legally an employee of your own company but in your case, simply not on the company payroll. You are not forced to pay yourself anything ! You are fine
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

ceobot
Junior Member
Posts: 81
Joined: Wed Jul 20, 2011 5:42 pm

Re: Director not employed by the company

Post by ceobot » Thu Jan 28, 2016 11:14 am

Thanks, Mate.

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