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Family Owned Limited Company Financial Category?

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Monastar
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Joined: Fri Aug 24, 2018 10:51 am
Morocco

Family Owned Limited Company Financial Category?

Post by Monastar » Fri Aug 24, 2018 11:05 am

Hello
I am applying for the settlement visa application as partner route (5year).

I earn over £20,000 yearly and i have been employed at my uncles family business which is a limited company for the past 8 months.

I have been working there for 5 years but in the last 2 years i was not earning above the 18,600 threshold. I have used the same employment information in my FLR M application in the past and applied in Category A without any problems.

I have been told that the rules have changed now and i have to supply all the company information for my uncles business as well as 12 months personal statements.

In appedix fm 1.7 it now states : (9.7.1) the person’s income must instead be considered under Category F or Category G . This is because in a company
in sole or limited family ownership there is scope for doubt as to the effective control of the company, as the person is either a director or employee (or both)and a shareholder or the other shareholders are family members of that person. In that case, instead of the employment evidence in Category A or Category B or the dividend evidence in Category C, we need
the evidence about the operation of the company required under Category F or Category G.

I dont know if i am understanding this point wrong, but do i fall in Category F or Category G?
Thank you for the appreciated help on this matter.
Mona.

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CR001
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Re: Family Owned Limited Company Financial Category?

Post by CR001 » Fri Aug 24, 2018 11:07 am

I have been told that the rules have changed now and i have to supply all the company information for my uncles business as well as 12 months personal statements.
Really, what has changed and who told you they changed?

Are you an employee of the family business or are you a owner or director??
Char (CR001 not Casa)
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Monastar
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Posts: 4
Joined: Fri Aug 24, 2018 10:51 am
Morocco

Re: Family Owned Limited Company Financial Category?

Post by Monastar » Fri Aug 24, 2018 11:34 am

the information i was told by a local immigration solictor. paid for a consoltation.
the wordings are very confusing.

Monastar
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Posts: 4
Joined: Fri Aug 24, 2018 10:51 am
Morocco

Re: Family Owned Limited Company Financial Category?

Post by Monastar » Fri Aug 24, 2018 11:36 am

i just work as a sales assistant employee only.

Monastar
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Posts: 4
Joined: Fri Aug 24, 2018 10:51 am
Morocco

Re: Family Owned Limited Company Financial Category?

Post by Monastar » Fri Aug 24, 2018 1:35 pm

hi cr001, did you have any suggestions on this matter as what cat i should apply in? thanks a lot

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