The Business Innovation and Investment (Permanent) visa (subclass 888) – Business Innovation stream is the second stage of the Business Innovation and Investment (Provisional) visa (subclass 188) Business Innovation stream. You can apply for it after you have fulfilled the requirements of your provisional visa.
The Business Innovation and Investment (Permanent) visa (subclass 888) has three streams available through the Department of Immigration and Border Protection (DIBP).
To find out if you are eligible for the permanent Business Innovation stream, read DIBP’s visa criteria for the Business Innovation and Investment (Permanent) visa (subclass 888).
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 owned and operated a viable and sustainable ‘eligible’ business in Victoria for no less than two years; and
have a genuine commitment to remain in Victoria and to continue to engage in commercial activity.
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.
Follow the steps below to apply for Victorian nomination of your visa application.
1. Prepare your documentation by completing and signing:
Appointment of an Agent/Representative form
Nomination Conditions form
State Nomination Statement form
All of the above are available from the Supporting Documentation and Forms page.
Balance Sheet and Profit & Loss Statement for the past 24 months
Three photos of the business (external and internal), products or service.
2. Register as a user of the Live in Victoria website.
3. Apply for visa nomination online, uploading the documents and photos when requested.
If you experience technical difficulties with your online application, please email: firstname.lastname@example.org
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.
Victorian Government visa nomination is conditional and subject to your formal acceptance and acknowledgement of the following conditions:
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 your 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 holding a provisional visa nominated by the state of Victoria must demonstrate that they have met the nomination eligibility conditions they agreed to at the time of accepting provisional nomination.
The applicant must have resided in Victoria to have successfully managed their business. Time absent from Victoria generally should be no more than six weeks a year, if more than six weeks, the applicant must submit the business reasons for their absence.
The applicant must be able to show that they have been responsible for the day to day operation of their business and the overall strategic direction of the business.
At the time of lodgement for state nomination, the data provided in the application must be no more than three months old and be consistent with Business Activity Statements, financial reports, tax lodgements and any data held by an Australian government department, e.g. Australian Taxation Office and DIBP.
The applicant is required to comply with the National Minimum Wage standards in regards to 'eligible' employees. For guidance regarding full time and part time employees, holiday pay rate, work cover, superannuation; please consult with your registered accountant.
The Fair Work Commission website provides information about minimum wages for the current period.
Applicants engaging in export activity must demonstrate that the business has made a direct contribution to the Victorian economy. Examples of how to demonstrate economic contribution can include identifying:
Applicants are required to demonstrate that they will not engage in ‘grey market’ or ‘parallel exporting’, that is, activities where goods are imported and sold in an export market without the consent of the owner of the goods’ trademark. Such evidence may be, but is not limited to, your consultation with the Victorian business for example, partnership agreements, the provision of meeting dates and personnel consulted.
For further information or assistance with your application for Victorian visa sponsorship please contact:
Telephone: +61 3 9651 9756