This visa is for people who want to make a designated investment of at least AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia. In order to lodge a valid visa application to the Department of Immigration and Border Protection (DIBP) you must receive state nomination support.
To be eligible for visa nomination by the state of Victoria, you will need to:
You should also read the state nomination conditions and assessment criteria on this page.
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) – Investor 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 Investor (Provisional) visa (subclass 188B) 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.
If you experience technical difficulties with your online application, please email: email@example.com
Processing times can vary. Applicants can expect an outcome within four weeks from the time your complete application is lodged for visa nomination.
If further clarification is required regarding your application, additional information may be requested.
You and your agent will be notified of the outcome of your visa nomination application by email.
Nomination support by the Victorian Government is conditional and subject to formal acceptance and acknowledgement by the applicant 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 support for the applicant’s visa.
When you apply for Victorian visa nomination, your application is assessed against a number of criteria. We apply the criteria below across all applications.
Applicants are required to meet the Department of Immigration and Border Protection (DIBP) requirements.
Applicants must be under 55 years of age.
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.
The applicant must agree to make a designated investment of at least A$1.5 million with the Victorian Treasury Corporation.
If you are a US citizen or resident, you may be restricted from purchasing Victorian Designated Investment Bonds due to securities restrictions in the US.
The Australian Government imposes sanctions against some countries to restrict commercial activities. If you are a national of, residing in or sending funds from a country that the Australian Government has imposed sanctions against, you may not be able to purchase Victorian Designated Investment Bonds.
For up to date information on sanctioned countries, please visit the Department of Foreign Affairs and Trade website.
If any of the above circumstances might apply to you, we recommend that you first confirm your eligibility for Victorian Designated Investment with the Treasury Corporation of Victoria and seek independent advice prior to lodging your Expression of Interest and applying for state nomination.
If you decide to swap roles with your spouse/de facto partner at permanent visa stage (subclass 888 visa) so that they become the primary visa applicant, this may not be possible if the bonds were not held jointly by you and your spouse/de facto partner. Please take this into consideration when purchasing your Victorian Designated Investment Bonds and seek independent advice on any implications.
For further information or assistance with your application for Victorian visa nomination please contact:
Telephone: +61 3 9651 9756