Checklist for EU6 Entrepreneur settlers

[rollix]

Hi All,

I would like to know your opinions and comment about the feasibility of the following plan and any eventual red flag or relevant impediment.

I hope this post can become some sort of settlement guide for EU6 Citizens. There is a lot of confusion around, especially for what regards the requirements to be classified as entrepreneur, and having the years spent in the country count toward citizenship without being directly employed as a worker.

Current situation:
Italian Citizen and Resident, business owner. 100% of the income coming from Italy.
25% shareholder of a newly registered UK Ltd

Steps:

- Flying in
- Sharing an apartment (registering a free tenancy contract)
- Registering as resident and subsequent request of a EEA_1 Registration certificate (Initial registration can report me as jobseeker if business owner/entrepreneur status is not possible or problematic to acquire)
- Applying for a NIN
- File zero income tax P60's for the next 5 years (Salary paid by my own Italian company, already taxed at source, and fully covered by Foreign Tax Credit

Relief under treaty against double tax imposition).
- Passing Life in UK test and obtaining ESOL certification
- Apply for EEA-PR
- Apply for citizenship

Questions:

-Could You advice whether such scenario is either legal and feasible? If not, which steps would You add, or which route would you take?

-Being already in possess of an Italian health insurance card (EHIC), valid in all EU, will I have to register to the NHS and pay contributions (sa300 sa302)?


If yes, Will I need to request a Certificate of small earnings exception by HMRC, since my UK income will be zero?
When applying for EEA-PR, will all or some of the following documents be required?

1) Letter of Employment from Employer *I will be employed and paid by an Italian company, in an Italian bank account.
While in the UK, for me to be classified as entrepreneur, will be enough to show the company registration statement showing my name as shareholder?

2) P60s *the fact of having declared zero UK income for 5 years will be a problem? I own a 25% share of an LTD in the UK, but no money or remuneration of any

kind will be taken out of the company for my personal benefit.
My source of sustainment will come 100% from Italy, already taxed at source and exempt from UK taxation.

3) Bank statements *I can open a UK bank account but there will be pretty much no movements.
My Italian bank account instead will show monthly payment of a regular salary.
Can I present the Italian bank statement? Or a UK one is necessary?

4) council tax statements *Having a free tenancy contract, will I have to show any kind of council tax payment slips?*


1 Year after obtaining EEA-PR, at the moment of requiring naturalization, will I need some other documents beyond the following ones?

1) Passport
2) Life in the UK certificate
3) the Home office letter received with the PR card and Permanent Residence card itself

4) Company ownership certificate
2) P60s
3) Bank statements (Italian bank statements will be ok?)
4) council tax statements (I see they are being required sometimes, will I need them even if I will be living under a free tenancy contract?

Will the fact of having little or no bank movements in the UK bank account pose a problem?
Will the fact of declaring 0 income and being entrepreneur, therefore not employed by any UK company be a problem?

Any suggestion and observation will be welcome.
Thanks in Advance.

[fwd079]

Very interesting. Personally I think this plan is sound, provided you do not exceed the absences limit.
But I am not from EU myself so I'd await further replies.