Articles

Top Reasons for Rejection of Business Innovation & Investment Visa

by Mckkrs Australia Migration Agent in Australia

Are 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

Plan your investment in Australia as early as possible. Australia allows young investors to invest in its land. If you are 55 or crossed that age, you may not eligible to apply for the visa.

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About Mckkrs Australia Junior   Migration Agent in Australia

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Joined APSense since, June 10th, 2020, From Sydney, Australia.

Created on Jan 5th 2021 02:53. Viewed 175 times.

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