50% share holder of limited company - do things change?

[Mazher.ahmed]

Hi Guys,

I created new topic as didn't find anything specific to 50% share holders

As I already mentioned in other topic me and my brother are directors of limited company with each 50% share and i am applying for tier 1 extension with the below documents, Please let me know anything else needed.

The documents plan to take are:

- 12 months payslips with accountant stamp
- 12 Invoices with accountant stamp
- 12 months personal statements
- Accountant letter detailing salary, dividend, invoices and my 50% shareholding etc
- accountant letter
- dividend vouchers with accountant stamp and signatures
- Vat registered certificate & payments done
- corporation tax submission for 2011 & 2012 and payment confirmations
- P60 - 2012, 2013
- Client contract letter
- photo copy of all the documents
- company certificate issued by company House


Is there anything else needed for 50% share holders

[silk route]

Hi Ahmed,

I got same question as you. Could you please share your experience what kind of document you submitted for your ltd.company (50-50% share holding between you and your wife) while extending your Tier 1 visa? Is it same set of document required what others are submitting for sole share holding ltd company?

Thanks.

silkroute

[O_Relly]

50% share holders is perfectly fine and the docs look ok.

Good idea to add 12 month business bank stmt as well. Also note, invoices and dividend vouchers should be stamped and signed by the accountant. They must be signed by the director.

[silk route]

Thank you O_Relly....

[O_Relly]

Just re-read my earlier response,

Also note, invoices and dividend vouchers should be stamped and signed by the accountant.

should read,

Also note, invoices and dividend vouchers should NOT be stamped and signed by the accountant.

[silk route]

Hi O_Relly,

I have gone through many forum before and some of them got accountant signature !!!!!
I am confused now.

silk route.

[O_Relly]

It's a minor error that is usually over looked.

It is the director(s) decision when to declare a dividend and has no bearing on the company accountant, so should be signed by directors. There is a clause if the accountant signs the dividend vouchers, then it is considered to be a company that is managed by the accountant.This can be found if you search companieshouse.gov.uk.

Invoices, are raised by the employee / director for his / her services to a client, and should be signed by the director / company secretary and not the accountant.

Here is a post of list of documents I submitted back in 2012,
http://www.immigrationboards.com/uk-tie ... ml#p654045

[abhi_011]

Hi OR / Others,

Your above mail does clear a lot of doubt as i have been struggling to get answers for similar questions. I have still got couple of queries regarding the format / stationery of financial documents, i would really appreciate if you could answer the following please:

You mentioned --> Payslips - signed and sealed by accountant
1) What should be format of the payslips ?, Would a pay slips on normal paper work or company letter head
You mentioned --> Dividend vouchers - printed with company name and signed by myself. (no company seal)
2) What should be format of the Dividend vouchers ?, Should these be on Company Letter head
You mentioned --> Invoices - signed by myself only.
3) Again same question. Any particular format or should these be on ltd. company letter head

@ Any recommendation regarding printing out Payslips / Vouchers / Invoices would be useful.

Thanks,
Abhimanyu

[bond.boy203]

I applied for my extension very recently and did not have any problems submitting the below.

pay slips were stamped by my accountant saying "certified as a true copy" and was NOT on my company letter head.
My dividend vouchers were also stamped by my accountants and this was on my company letter head but also you do need to make sure that its signed by yourself as a director of the company