Hi @anurag_singh,
Thank you so much for this information.
I have some questions,I will be glad you can help out.
I am in the UK under the exceptional Talent and I have been working on my startup company on digital banking, approval still pending from FCA. I registered as payee with HRMC where I drawn my salary but my start-up is yet to start making money, My question is this.
Can i still use the company as my employer in the UK even though it yet to start making profits
How much should my income be to file for ILR.
If I am just an employee of a startup company, do I still need to get letter from accountant?
A lot may have changed since he applied. In any case the important thing is showing proof of your earnings, tax payment and NI contribution. For a company that has not traded, you clearly have not earned in the UK so your startup may not suffice as evidence.
When I applied for I submitted letter from my letter and my P60.
Your company making revenue does not matter, your earning does. Can you clarify what you exactly mean by âI registered as payee with HMRC where I drawn my salaryâ? Did you work before this start up as an employee? Are you paying yourself a salary from your current company?
How much income you earn does not matter. You need to have earned something. This is an open to debate point but theoretically even if you have paid yourself a basic salary of ÂŁ12750 also âshouldâ work. But just so you know I paid myself a fair bit more > ÂŁ50000 as I wanted to have a good minimum amount.
You can supply a letter from your company and from an accountant. Depending on who you have as employees in your start up / if you have a co founder etc. basically you shouldnât write your own letter - someone else in your co should write it. Even if you have that someone I would provide the accountant letter as well.
A lot has not changed that much infact . Rules are still very much the same / similar.
The company not trading does not matter. I am not sure how they are funded but say they have got an investor or have invested themselves in the company and so long as they are paying themselves a salary it does not matter if the company makes money or not. The only criteria is if they as an individual make money.
Their start up does not matter as evidence. Their earning does.
I am referring to the earnings. Home office recently asked people to show proof of tax remittance and NI contribution. So he may be asked to show his P60.
Thank you all for contributing, this thread is very useful.
I had a question, I will be applying for ILR around 25-26 days before the 5-year anniversary of my visa start date, which was 12 days before my physical entry date. For the question âDate you first entered the UKâ, this date needs to be visa start date or physical entry date?