Post
by Aroon123 » Wed Aug 22, 2018 10:35 pm
Good Evening
I wanted to find out the follwing information and what category for the financial requirement we need to apply.
Myself (british citizen) and my wife (spouse non eu) are both employed for over 6 months with combined salary which amounts to £19.5k per year. The company is owned by my father.
This this mean we cannot apply for Income from salaried employment: category A?
Because the limited company is owned by father who has the entire share capital 100% does that mean we fall into category F or G?
9. In respect of income from employment and/or shares in a limited company based in the UK of a type specified in paragraph 9(a), the requirements of paragraph 9(b)-(e) shall apply in place of the requirements of paragraphs 2 and 10(b).
(a) The specified type of limited company is one in which:
(i) the person is either a director or employee of the company, or both, or of another company within the same group; and
(ii) shares are held (directly or indirectly) by the person, their partner or the following family members of the person or their partner: parent, grandparent, child, stepchild, grandchild, brother, sister, uncle, aunt, nephew, niece or first cousin; and
(iii) any remaining shares are held (directly or indirectly) by fewer than five other persons.
Thank you very much to shed light on this information.