I am a naturalised british citizen. My wife got her spouse visa in September 2013. Expires on 03 sep 2015.
I am a director of a limited company for about 10 years. I took permanent employment 2 years back and had little to no income in my limited company.
I will be leaving my permanent employment and starting to get back to business(ie limited company this month).
The company year end is August, which means I have to rely on this year's earnings when she applies for her visa in August 2015.
I expect the business to receive about 35000 by Aug, with 25000 left over as profits for divided/salary distribution.
I have a fair amount of money left over in the company from previous years for distribution as dividends.
I plan to take salary and dividends - 1000 and 5000 per month - which will make my personal income for the year corresponding to my business tax year to 24000 - and exceeds the defined financial requirements .
In summary :
Business profits: 25000 Personal Income : 24000 ==> Both accumulated over 4 months of the company financial year
Does this satisfy the financial requirements for FLR(M)?
Thanks in advance
San
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