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company structure
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I submitted my application on 1/10 and approved 8/10. This group was super helpful so thank you to all people that commented on my posts to make the process easier.
I thought I would share my experience for anyone who are business owners with multi-layer company structures across international borders.
I am a new property business owner, I own houses for rental and also buy houses to flip in USA. I am a UK citizen so my company structure is layered. The importance was showing the link of my personal name, that owns the UK/Irish companies. Then demonstrate the link of the UK/Irish companies that sit within the USA LLC that own the properties.
I am also a chartered surveyor and an examiner for the RICS (Chartered Institution).
I submitted the following to the London embassy:
1. Covering letter explaining my business and professional profile
2. Link to RICS website showing my RICS profile
3. RICS SLA agreement for being an examiner
4. Company Registration of UK/Irish/USA companies
5. Operating agreement of USA company (showing my UK/Irish company member listing
6. Title ownership documents of 3nr properties
7. Bank statements from all business accounts and personal bank account. Business ones just showed balance, personal showed 3 months which evidenced money coming in from business accounts.
7 days to approve, no additional documents requested. No interview, no flight tickets, no rental contract and no TM30. However I would recommend submitting these as I’ve noticed this has been asked for other applications.
This was a complex application so a little nervous it wouldn’t be approved with my companies only being a few months old. My business accounts have a very high level of money in them to purchase properties so that may have contributed to the easier approval.
Anyway thought I’d share my experience in case anyone submitting are company owners with complex structures!