A provisional visa for those who are willing to make a designated investment of at least A$1.5 million in an Australian state or territory and maintain business and investment activity in Australia. You must be nominated by a state or territory government.
To find out if you’re eligible for this visa, read the Department of Home Affairs' criteria for the Business Innovation and Investment (Provisional) visa (subclass 188).
Victorian nomination eligibility
Applicants must be under 55 years of age.
Living in Victoria
The applicant must have a genuine commitment to establish a residence and reside in the State of Victoria.
Investment in Victoria
The applicant must agree to make a designated investment of at least A$1.5 million with the Victorian Treasury Corporation.
Additional business or investment activity
The applicant must engage in additional business or investment activity in Victoria during the 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 or investing in a company.
Victoria does not specify the amount of additional investment required to be made during the provisional visa period, however, applicants must demonstrate that their investment provides economic benefit to Victoria. This will be assessed on a case-by-case basis.
Designated Investment Bonds
Restrictions on purchasing Victorian Designated Investment Bonds:
US nationals and residents
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.
Sanctions against countries
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 visa nomination.
Ownership of bonds and swapping visa roles with your spouse
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.
Sufficient funds to settle in Victoria
The applicant and their dependents must have sufficient funds to settle in Victoria. It is the responsibility of the applicant to research and determine the cost of living in Victoria to ensure their own financial resources are adequate for settlement. See further information on the cost of living in Victoria.
Agreeing to the nomination obligations
You will be required to read, understand and agree to Victoria’s nomination obligations.
You need to apply for Victorian visa nomination before you make a formal application for your Department of Home Affairs' visa. Applying for visa nomination from the Victorian Government involves three steps.
Step 1: Submit an expression of interest
Submit an Expression of Interest (EOI) in Department of Home Affairs’ SkillSelect and nominate 'Victoria' as your preferred destination. You do not need to notify Victoria that you have submitted an EOI.
Note - if you already have an EOI in SkillSelect (submitted before 18 February 2019), it will not be considered for Victorian nomination. You will need to resubmit it.
Step 2: Check your email
Regularly check your email (including your junk mail folder) to see if you have been selected by Victoria. An email invitation to apply for Victorian visa nomination will be sent to your email address used for the EOI.
There is no set timeframe to expect an invitation after submitting an EOI. Invitations are not guaranteed.
Step 3: Apply for visa nomination
Submit an online application for Victorian visa nomination within 14 days of receiving the invitation. Note that you must be able to demonstrate that you still meet the claims that were in your EOI when you were invited. We recommend that you have all your supporting documents ready before you submit your EOI in SkillSelect, as the 14 days cannot be extended.
You need to register as a user of this website and then complete your application. You will need to prepare the following documentation for your application and upload it when requested:
- Business Innovation and Investment (Provisional) visa (subclass 188) Business Investor stream Nomination Conditions form
- Appointment of an Agent/Representative form (if applicable)
All forms are available from the Supporting documentation and forms page.
As part of your application, you will be required to agree and adhere to the following 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 Home Affairs visa eligibility criteria for the Business Innovation and Investment (Provisional) visa (subclass 188).
- 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 this website) within one month of arrival in Victoria.
- I will make a designated investment (as defined by reg 5.19A of the Migration Regulations 1994 (Cth)) of at least AUD1.5 million with the Treasury Corporation of Victoria.
- In addition to the designated investment of AUD1.5 million, I have a genuine commitment to engage in ongoing business/ investment activity in Victoria within 36 months of arrival.
- 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 Home Affairs and the Treasury Corporation of Victoria.
- 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 Home Affairs 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.
Please contact the Victorian Skilled and Business Migration Program via email with any queries regarding visa nomination eligibility: firstname.lastname@example.org