planning to move back to the UK in a year
#1
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Joined: Nov 2016
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planning to move back to the UK in a year
Hi All,
I'm a UK citizen and my wife is Jordanian, living and working in Dubai, we have 2 kids with british passports, we are planing to move back to the UK in a year time, my question is, is it possible to buy a business in the UK from now and start paying taxes for a year, and then as soon as i decide to go back, i will apply for my wife straight away, i don't want to waste 6 months working in the UK before i apply for my wife!
Thank you
I'm a UK citizen and my wife is Jordanian, living and working in Dubai, we have 2 kids with british passports, we are planing to move back to the UK in a year time, my question is, is it possible to buy a business in the UK from now and start paying taxes for a year, and then as soon as i decide to go back, i will apply for my wife straight away, i don't want to waste 6 months working in the UK before i apply for my wife!
Thank you
#2
Re: planning to move back to the UK in a year
Hi All,
I'm a UK citizen and my wife is Jordanian, living and working in Dubai, we have 2 kids with british passports, we are planing to move back to the UK in a year time, my question is, is it possible to buy a business in the UK from now and start paying taxes for a year, and then as soon as i decide to go back, i will apply for my wife straight away, i don't want to waste 6 months working in the UK before i apply for my wife!
Thank you
I'm a UK citizen and my wife is Jordanian, living and working in Dubai, we have 2 kids with british passports, we are planing to move back to the UK in a year time, my question is, is it possible to buy a business in the UK from now and start paying taxes for a year, and then as soon as i decide to go back, i will apply for my wife straight away, i don't want to waste 6 months working in the UK before i apply for my wife!
Thank you
You will have to have been earning 18,600 a year for the six months before moving and have a job offer, in writing, earning the same amount starting within 3 months of arriving. Self employed usually requires 12 months of audited accounts before it can be used as a financial basis, you might be better off using the savings route of £62,500 in a bank account under your control for the 6 months prior to applying instead of buying the business.
Spouse Immigration-UK : British Expat Wiki
BritinParis will, I'm sure, be along shortly to give the best advice.
#3
Re: planning to move back to the UK in a year
I would agree with mikelincs - if you have enough savings to buy a business in the UK then I would suggest you should have enough to meet the £62,500 threshold to meet the financial requirements through savings.
#4
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Joined: Nov 2016
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Re: planning to move back to the UK in a year
Thank you mikelincs and BritinParis for your reply, you guys are right, it's easier to do the saving route ( 62,500 ), but i don't have that much of a saving, the business i'm going to buy or to be more clear( be a partner in ) , will cost me somewhere between 30-40k, so if i go down that route (self employed) do i need to be resident in the uk for the 12 months? because again my plan is to spend one more year here in Dubai and apply straight away when i go back to UK.
#5
Re: planning to move back to the UK in a year
Although the business will be in the UK and paying tax, you won't be, so I doubt it would qualify as self-employment in the UK.