The Investor stream of the Business Innovation and Investment (Permanent) visa (subclass 888) allows you to continue to live in Australia and undertake business and investment activity. It is the second stage of the Business Innovation and Investment (Provisional) visa (subclass 188).
State or territory government visa nomination is required before you can lodge a valid visa application for this visa with the Department of Immigration and Border Protection.
Your additional investment and business activity in Victoria will also form part of the visa nomination assessment.
Victorian visa nomination is valid for three months. Take this into consideration when submitting your visa application with the Department of Immigration and Border Protection.
For the full list of Victorian nomination requirements, see the Assessment criteria.
If you swap primary visa applicant roles with your spouse/de facto partner at permanent subclass 888 visa stage, it is important to ensure that your designated investment bonds were held jointly by both you and your spouse/de facto partner.
Once you are confident you can meet the relevant requirements, you can apply for Victorian visa nomination.
You need to apply for Victorian nomination before you apply for your visa.
Applying for visa nomination from the Victorian Government is a simple process that involves two steps.
Apply for Victorian visa nomination by completing the Business Innovation and Investment visa (subclass 888) – Investor stream downloadable application form.
You will need to prepare the following documentation for your application:
The above documents are available from the Supporting Documentation and Forms page.
You will also need to prepare the documents below.
1. Evidence of your designated investment:
2. Evidence of your Victorian residence such as a tenancy agreement, property ownership documents or enrolment of your children in Victorian schools
3. Evidence of additional business or investment activity in Victoria, this could include:
Please return the application form with the above supporting documents to email@example.com
If you receive Victorian government visa nomination, you can then lodge a visa application with the Department of Immigration and Border Protection.
If you experience technical difficulties with your online application, please email: firstname.lastname@example.org
Processing times can vary. You can expect an outcome within four weeks from the time your complete Victorian nomination application is lodged.
More information may be requested from you if further clarification is required about your application.
You and your agent (if applicable) 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 the following criteria:
You are required to meet the Department of Immigration and Border Protection visa requirements.
Victorian visa nomination is valid for three months. As such, early applications are not recommended since this may impact visa eligibility.
Applicants holding a provisional visa nominated by the Victorian government must demonstrate that they have met the nomination conditions they agreed to at the time of accepting Victorian nomination.
You must show evidence of your designated investment in the Treasury Corporation of Victoria and that this has been held throughout the provisional visa period.
You must show evidence that you have established a residence in Victoria during your provisional visa period and that you have a commitment to continue to reside in Victoria.
You must demonstrate that you have undertaken additional business or investment activity in Victoria during your provisional visa period. Investment activity must be non-passive. This requires an applicant to regularly monitor and actively manage the investment. Some examples include actively managing stocks, real estate and investing in a company.
For further information or assistance with your application for Victorian visa nomination please contact:
Telephone: +61 3 9651 9756