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Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream

This visa is for people with business skills who want to establish, develop and manage a new or existing business in Victoria.  In order to lodge a valid visa application to the Department of Immigration and Border Protection (DIBP) you must receive state nomination support.

Check eligibility

What is an eligible business?

An eligible business can be almost any commercial endeavour. However, some activities may be excluded, unless otherwise agreed to in writing. Exclusions include:

  • small scale property development
  • small scale freight forwarding and warehousing
  • commodity and scrap metal export
  • passive investment.

Check eligibility

To find out if you are eligible, read the Department of Immigration and Border Protection’s (DIBP) visa criteria for the Business Innovation and Investment (Provisional) visa (subclass 188).

To be eligible for visa nomination by the state of Victoria, you will need to:

  • meet the DIBP eligibility requirements for this visa; and

  • have a genuine commitment to remain in Victoria and to engage in ongoing eligible business activity within 23 months of visa activation; and

  • agree to have available no less than A$400,000 for business activity in Victoria.

You should also read the state nomination conditions and assessment criteria on this page.

Next steps

Once you are confident you can meet the relevant requirements, you can apply for Victorian visa nomination.

Permanent visa nomination eligibility

If you are successfully granted a subclass 188 visa, it is your responsibility to ensure that you meet the Victorian visa nomination criteria for the permanent visa stage. You should ensure that you understand and comply with the:

  • nomination conditions for the subclass 188 visa – Business Innovation; and
  • nomination assessment criteria for the permanent subclass 888 visa - Business Innovation stream.

If you are considering changing your business activity during your provisional visa period, ensure that you have reviewed and understand these requirements as this can affect your permanent visa eligibility. You may wish to seek independent migration and financial advice to ensure you are meeting Victorian and DIBP eligibility requirements.

Apply for visa nomination

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) – Business Innovation stream. 

Follow the steps below:

1. Submit an Expression of Interest

Lodge an Expression of Interest through DIBP's SkillSelect. When completing your Expression of Interest, select Victoria as your preferred destination.

2. Prepare your documentation by completing the following:

  • State Nominated Business Innovation (Provisional) visa (subclass 188A) Nomination Conditions form

  • Appointment of an Agent/Representative form

Both are available from the Supporting Documentation and Forms page.

3. Register as a user of the Live in Victoria website.

4. Apply for visa nomination online, uploading the documents when requested.

Where to get technical help

If you experience technical difficulties with your online application, please email: webmaster@liveinvictoria.vic.gov.au

Victorian visa nomination processing

Processing times can vary. Applicants can expect an outcome within four weeks from the time your complete application is lodged for state nomination.

Additional information

If further clarification is required regarding your application, additional information may be requested.

Nomination outcome

You and your agent will be notified of the outcome of your visa nomination application by email.

State nomination conditions

Victorian state nomination conditions

There are conditions associated with Victorian Government visa nomination.

You need to formally accept visa nomination and agree to the following conditions:

Your obligations

  • I have read (or have had read to me) the contents of my nomination application and confirm that the information contained therein is true and correct.

  • I confirm that I meet all of the Australian Department of Immigration and Border Protection (DIBP) visa eligibility criteria for the Business Innovation and Investment (Provisional) visa (subclass 188).

  • I understand that it is my responsibility to ensure that I meet the Victorian Government visa nomination criteria and DIBP visa eligibility criteria for the Business Innovation and Investment (Permanent) visa (subclass 888).

  • I will notify the Victorian Government of any changes to my contact details and agree to participate in any surveys that the Victorian Government may conduct.

  • I will make contact with the Victorian Government (at the contact points noted on the Live in Victoria website) within one month of arrival in Victoria.

  • I have a genuine commitment to engage in ongoing eligible business activity that provides economic benefit to Victoria within 23 months of visa activation.

  • I agree to have available no less than AUD 400,000 for business activity in Victoria.

  • I have sufficient financial resources to support myself and my dependents to settle in Victoria and I understand that it is my responsibility to determine the cost of living in Victoria.

  • I have a genuine commitment to establish a residence and reside in Victoria.

  • I shall not transfer my nomination to any other Australian State or Territory.

The Victorian Government -

  • may share information relating to the application and the applicant’s business/investment activities in Victoria with the Department of Immigration and Border Protection.

  • reserves the right to make direct contact with the applicant in relation to this application or related matters.

  • has no legal authority to deal with visa matters and will not advocate to the Department of Immigration and Border Protection or the Administrative Appeals Tribunal on behalf of the applicant.

  • does not endorse any investment made, or any business activity undertaken, by the applicant nor does it accept liability for any financial loss, cost or expense incurred as a result of any business decision, business activities or investments made by any person in any way connected with this application, or otherwise.

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 will also apply to any Victorian nominated subclass 188 visa that is held in the Business Innovation Extension stream.

Assessment criteria

Assessment criteria

When you apply for Victorian visa nomination, your application is assessed against a number of criteria. We apply the criteria below across all applications.

Nomination eligibility conditions

Applicants are required to meet the Department of Immigration and Border Protection (DIBP) requirements.

Age

Applicants must be under 55 years of age.

Benefit to Victoria

Applicants must show how their eligible business will make a contribution to the Victorian economy and that they will be responsible for the day-to-day operation and overall strategic direction of the business.   

Living in Victoria

The applicant must have a genuine commitment to establish a residence and reside in the state of Victoria as per the visa and nomination conditions.

An understanding of the commercial challenges

The applicant must demonstrate that they understand the commercial challenges they may encounter when engaging in their proposed eligible business in Victoria.


 


Contact Details for Investor and Business Migration

For further information or assistance with your application for Victorian visa nomination please contact:

Email: businessmigration@liveinvictoria.vic.gov.au
Telephone: +61 3 9651 9756

Disclaimer

These policies and procedures may be varied without notice. Please visit the website regularly to check for updates.