ILR Application Query-Please advice
Posted: Thu Mar 21, 2013 9:47 pm
I am currently operating through my own limited company and my company has 2 shares (1 share allocated to me and 1 share allocated to my wife).Till date, I have paid 50% dividend to me and 50% dividend to my wife. I am planning to apply for ILR in Nov-13 and to meet the previous earning criteria, I am planning to move my wife share onto my name so that I don't have to pay her dividend and I have enough money in hand to pay dividend to meet previous earning criteria
1. Can I transfer my wife share in my name? Will it have any impact on my ILR application?
2. The 12 month period I am considering for previous earning for ILR are Sep-12 to Aug-13. In these 12 months from Sep-12 to Feb-13, My wife and I withdrew equal dividend (50:50) from the company and from Mar-13 onwards, I am going to pay myself 100% dividend. I just want to know, will it cause any issue for the ILR application the way dividend has been paid?
Appreciate if seniors of this forum advise me on this.
1. Can I transfer my wife share in my name? Will it have any impact on my ILR application?
2. The 12 month period I am considering for previous earning for ILR are Sep-12 to Aug-13. In these 12 months from Sep-12 to Feb-13, My wife and I withdrew equal dividend (50:50) from the company and from Mar-13 onwards, I am going to pay myself 100% dividend. I just want to know, will it cause any issue for the ILR application the way dividend has been paid?
Appreciate if seniors of this forum advise me on this.