Assisting clients with Business/ Investor visas often requires a great deal of pre-planning and patience. It is often the case that applicants operate businesses in locations where there may be significant differences in financial reporting methods than those in Australia. These differences can present challenges for an application.
One recent example, a client from Bangladesh approached us for assistance with a Business and Innovation visa (Investor stream) (subclass 188B) application. Partnering with an excellent Bangladeshi-Australian Chartered Accountant, we reviewed the client’s financial reporting and strategised on potential timing of an application. Once the client was comfortable to proceed with our representation, he was very eager to apply quickly. However, we managed his enthusiasm and advised on a more tempered approach, considering the method of financial reporting in Bangladesh.
This patience paid off in the long run, and the client was granted his subclass 188B visa within a year.