Articles
Top Reasons for Rejection of Business Innovation & Investment Visa
by Mckkrs Australia Migration Agent in AustraliaAre you
looking to start a new venture abroad or want to spread your existing business
abroad? Australia can be one of the best places in the world for start-ups. The
land of opportunity invites investors from all across the world to invest in
various fields. Unlike skilled migration
visa, the Business Innovation &
Investment visa allows investors to use their business skills in the country.
There could be various reasons that trigger to cancellation of the Business
Innovation & Investment Visa. The article is throwing some light on some
important points that lead to visa rejection.
Applying to the Visa without Considering Its Streams
When it comes
to Business Innovation & Investment Visa, it is further divided into
several streams. The basic eligibility of each stream includes submitting the
EOI, nomination by a Stat or Territory government agency, and invitation to
apply for the visa. Each stream has some unique requirements such as cost and
net worth. It is important to understand the difference among these streams.
Without considering the differences, it is worthless to apply for the visa.
Not Meeting the Net Business Assets
When you get
invitation to apply for the visa, you or you and your partner have a total net
business worth that is required by the Home Affair Department of Australia. The
fund you show must be transferred to Australia in the given time frame. If you
don’t meet with the requirements, your visa plea will not be considered.
Not Meeting the Qualified Score
Do you know
when you apply for Business Innovation & Investment Visa your test score
must meet the qualified points? The score is based on your age, English
language skills, qualifications, work experience, assets, turnover, innovation,
and special endorsement. If you are not meeting these requirements, your score
can go down. For example, for Business Innovation Stream, the minimum qualified
score is 65. If your score goes down below this estimate, your visa plea will
not be considered.
Not Having A Successful Business History
It is
important to have a successful business history. The Home Affair of Australia
will not considered your visa plea if you have multiple downfalls in your
business.
Not Meeting the Age Criteria
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About Mckkrs Australia 
Migration Agent in Australia
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Created on Jan 5th 2021 02:53. Viewed 326 times.
