View Full Version : LESS THAN $60k OWNER BENEFIT
Am I correct in thinking you need a business that provides a minimum of $60k owner benefit? Is it acceptable to buy a business producing less than this in the hope of increasing profit?
Business purchases usually go down in turnover, at least to begin with. $60-$70k is the 'norm' and you might be on a tricky application at anything much less than that.
If you have an immigration attorney, best run this past them first.
You can try. You can even buy a franchise making nothing intially on a business plan and there are applications which have been successful doing just that. But it is just more difficult to get through. Immigration like to see a healthy profit so they know you will be self supporting here as of Day One. It isnt set in stone though. Ask an attorney as suggested. I would add, if you are not making %60,000 per annum. you will struggle here so they may be saving you a lot of heartache. The rule is there for a reason.