The actual enterprise ownership and applicable nationality rules need assessment. One passport does not explain all owners.
Provide the full ownership record
Identify the citizenship and interests relevant to the treaty analysis. Do not omit another owner because their facts complicate the preferred proposal.
A reviewer looks for a real, operating business, and a management company with fifteen owner contracts, a booking platform, three employees and a five-year track record is one. Formation documents and the ownership ledger establish who holds what today and confirm whether the fifty-five percent is held personally or through an entity, which sometimes opens options. Build a dated review file around passport evidence, ownership records, purchase documents, source-and-route evidence, business plan, and control rights. Ask how the actual commitment will be assessed rather than adopting a figure used in an unrelated application, since a larger payment does not repair an unresolved nationality or operating-business problem. The category looks for a real, active commercial enterprise rather than a passive holding, so ownership that produces rent without meaningful business operations generally falls short. Assess the investor’s actual paid or qualifying committed capital against the cost of the enterprise, rather than counting the equipment’s entire value or all future rent as already invested. Treaty nationality, a substantial sum irrevocably committed and at risk, and the buyer's ability to develop and direct the company are still assessed separately, and profitability cannot supply a qualification the buyer lacks.