Limited Company query
Posted: 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.
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.