This visa is for people who are willing to invest at least A$5 million into complying investments in Australia and want to maintain business and investment activity in Australia. In order to lodge a valid visa application to the Department of Immigration and Border Protection you must receive nomination support from a state or territory government, or Austrade.
To be eligible for visa nomination by the state of Victoria, you will need to meet:
Once you are confident you can meet the relevant requirements, you can apply for Victorian visa nomination.
You will need to submit an Expression of Interest (EOI) through the Department of Immigration and Border Protection’s SkillSelect and then apply for Victorian visa nomination before you can make a formal application for the Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor stream.
Follow the steps below:
1. Lodge an Expression of Interest
Lodge an Expression of Interest through the Department of Immigration and Border Protection’s SkillSelect. When completing your Expression of Interest, select Victoria as your preferred destination.
2. Prepare your documentation by completing the following:
These documents are available from the Supporting Documentation and Forms page.
3. Apply for Victorian visa nomination, completing the State Nominated Business Significant Investor (Provisional) visa (subclass 188C) downloadable application form v5 (DOC, 296 KB). Please note that version 5 is the latest form to be used and replaces former versions.
A new online application form for Significant Investor visa nomination is in development. This downloadable version is being used as an interim measure. Please return the application form with supporting documents to firstname.lastname@example.org
Your application for visa nomination under the Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor stream will receive priority processing. Most applicants receive an outcome within one week from the time their complete visa nomination application is lodged.
We will contact you if we need more information to assess your application.
We will email you and your migration agent with the outcome of your visa nomination application.
Visa nomination by the State of Victoria acting through the Department of Economic Development, Jobs, Transport and Resources (the Victorian Government) is conditional and subject to my formal acceptance and acknowledgement of the following:
Without express written consent from the Victorian Government, failure to comply with the above conditions may result in the withdrawal of Victorian Government nomination for the applicant’s visa.
These nomination conditions also extend to any subclass 188 visa that is held in the Significant Investor Extension stream.
When you apply for Victorian visa nomination for the Significant Investor visa stream, we assess your application against a number of criteria.
You must meet the Department of Immigration and Border Protection’s requirements for this visa subclass.
You will need to make an investment that complies as follows:
There is no age limit for this visa stream and you are not required to meet the Department of Immigration and Border Protection’s points test.
To qualify for Victorian Government visa nomination, you must show that your complying investments will make a contribution to the Victorian economy in two key investment areas:
To demonstrate economic benefit to Victoria through your Venture Capital and Growth Private Equity (VCPE) investment you will need to show that:
To demonstrate economic contribution to Victoria through your combined ‘emerging companies’ and ‘balancing investment’ components, you will need to show that:
Your fund manager can provide you with a fund compliance form which indicates the contribution the fund will make to Victoria.
You must have a genuine and realistic commitment to seek Australian permanent residency status by living in Victoria and continuing to contribute to Victoria through investment activity.
On 1 July 2015, the Department of Immigration and Border Protection introduced a new Significant Investor visa Complying Investment Framework. For applicants nominated by Victoria before this date, view the previous nomination requirements for complying investments and contribution to Victoria before 1 July 2015
If you need extra time to meet the criteria for the permanent subclass 888 visa, you may be eligible to apply for a further subclass 188 visa in the Significant Investor Extension stream.
You need to apply for Victorian visa nomination before you apply for the visa. To be considered for Victorian extension nomination, you:
To apply for nomination extension, complete the following forms and email to email@example.com:
Processing times can vary. You can expect an outcome within five working days from the time your complete Victorian nomination application is lodged.
For further information or assistance with your application for Victorian visa nomination please contact:
Telephone: +61 3 9651 9756