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A provisional visa for high net-worth individuals who are willing to invest at least A$2.5 million into complying investments in Australia and maintain business and/or investment activity in Victoria.

Stay: Up to 5 years

Stay longer: 3 years after you have this visa, you can apply for permanent residence.

Cost: No fee

Nomination processing time: 20 business days

Age

You must be under 55 at the time of application.

Points

You must score at least 80 on the Department of Home Affairs’ points test in SkillSelect.

The SkillSelect points score requirement may vary throughout the year, to reflect the calibre of competition in the market.

Live in Victoria

You must have a genuine intention to live in Victoria for at least 2 years while you hold this visa.

Investment in Victoria

You must make a complying investment of at least A$2.5 million.

Read the Complying investments in Victoria section below for more information.

You must make a complying investment* of at least A$2.5 million (held for the duration of the provisional visa). This will comprise of:

  • 20 per cent in eligible Victorian Venture Capital and Private Growth Equity funds (VCPE) investing in start-up and small private companies (A$500,000)
  • 30 per cent in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies (A$750,000)
  • 50 per cent in balancing investments in managed funds or LICs that invest in eligible assets, including Australian listed securities, eligible corporate bonds or notes, annuities and real property (A$1.25 million).

All complying investments must demonstrate contribution to the Victorian economy.

*It is important that you seek independent financial advice

You should seek professional financial and investment advice to fully understand your investment options.

You must sign and comply with the Nomination Conditions Form.

You can download the Nomination Conditions Form in the following languages:

  • English
  • Chinese
  • Vietnamese
  • Farsi

Commitment to Victoria

State nomination cannot be transferred from one state to another. If you receive Victorian nomination, you must live and invest in Victoria.

You and your family cannot live in other states or territories of Australia.

Surveys

If you are nominated, we will contact you at various times to complete surveys. These surveys provide us important feedback on our client services to you and our policy settings.

Department of Home Affairs and SkillSelect

The Department of Home Affairs is responsible for all visa matters. This includes once you have been nominated by the Victorian government and have submitted your visa application.

All SkillSelect and EOI issues should also be directed to the Department of Home Affairs.

As this is a provisional visa, you must meet the following requirements before you can apply for the permanent Investor stream (subclass 888) visa.

Show evidence of your complying investments

You must show evidence of your complying investments, including the total duration you have held these investments. If you change your investments throughout the provisional period, you must show that you have maintained the minimum investment amount and continue to meet the complying investment rules.

Maintain contact

You must

  • notify us of any changes to your contact details, and
  • participate in any surveys that the Victorian Government may conduct.

Comply with Victoria’s nomination obligations

You must comply with the conditions that you signed in the Nomination Conditions Form.

Commitment to Victoria

State nomination cannot be transferred from one state to another. You must live in Victoria for at least 2 years before applying for the permanent visa. You cannot live in other states or territories of Australia.

See Specific meanings section below for more information on ‘Establishing a Residence in Victoria’.

Surveys

If you are nominated, we will contact you at various times to complete surveys. These surveys provide us important feedback on our client services to you and our policy settings.

We have a dedicated Relationship Management team to support and assist business and investor migrants nominated by the Victorian Government.

Relationship Managers can help you:

  • understand Victoria’s strategic industry sectors
  • with information about doing business or making investments
  • connect you with relevant Victorian Government services and programs relevant to your business.

Contact a Relationship Manager using this form.

Respond within 2 weeks

We may ask you for more information by email.

  • You will have 2 weeks to provide the requested information.
  • If you do not respond within two weeks, we may refuse your application.
  • Please check your junk mail and ensure the email address no-reply-gems@liveinmelbourne.vic.gov.au is added to your list of valid email addresses.

Incomplete applications

You must submit a complete application, including all relevant evidence to support your eligibility claims.

Do not ask for an update on your application

Please do not ask for an update on your application. We assess all applications in order of when they were submitted.

The assessment team is also responsible for responding to enquiries and we prioritise assessment of applications. Unnecessary enquiries slow down application processing times.

Submit your application via the portal

You must submit your application and all documents via the Live in Melbourne portal. We will not accept any applications or documents via email.

Withdrawal

You can withdraw your application at any stage. Please Contact Us to withdraw your application.

Nomination application fees

The Victorian Government does not charge any application fees for nomination.

False or misleading information

If you provide false or misleading information as part of your nomination application, you will be refused. We may also report it to the Department of Home Affairs who can conduct their own investigation.

We conduct verification checks on many of the documents you provide. This includes contacting institutions directly to confirm whether the documents are genuine.

If you are aware of instances, or yourself are pressured to submit an application with false and misleading information, we encourage you to report this to the Department of Home Affairs.

Nomination refusals

If your application is refused, you will not be able to submit a new application for the same subclass for 6 months. This is to prevent repeat and low-quality applications.

Review of nomination decision

If you have been refused as you did not meet the eligibility requirements, you cannot request a review of your application.

If you believe that we made an administrative error in refusing your nomination application, you can submit a request for us to review the application.

Renomination

We do not provide renomination in the following instances:

  • Your EOI was incorrect when we nominated you.
  • Your nomination has expired and you did not submit your visa application in the 60 days.

If any of the above apply to you, you must submit a new nomination application.

TermMeaning
Eligible Complying Investments (Emerging Companies and Balancing)

To qualify for Victorian Government visa nomination, you must show that your complying investments will make a contribution to the Victorian economy.

All complying balancing and Emerging Companies investments made by Victorian Government nominated Investor Stream visa holders must either ensure the:

  • Victorian investment is included in the chosen investments, or
  • the managed fund provider maintains an office in Victoria.

Any eligible investment under the Complying Investment Framework that includes investment into businesses, infrastructure, projects or ventures located in Victoria is considered to be a Victorian Investment.

Eligible Victorian VCPE funds

Victorian based Early Stage Venture Capital Limited Partnership (ESVCLP), Venture Capital Limited Partnership (VCLP) or a Fund of Funds (AFOF). The fund must be unconditionally registered with the Department of Industry, Science, Energy
and Resources and comply with the current applicable Complying Investment framework. This includes eligible Private Equity funds.

VC funds are considered “Victorian” if they have an operating business address in Victoria (not a home office – must be a reasonable commercial address that
is fit for purpose) and have a dedicated employee resource located in Victoria.

Establish a Residence in Victoria The visa holder is required to purchase or rent a residential home as evidence of their residence in Victoria. Bond receipt documents and a formal lease will be required to evidence rental of a residence, formal title deed will be required to evidence property purchase. Victoria will may also require Passenger Movement Records and utility bills for the period of residence.

Primary visa holders or their spouse are required to meet the Department of Home Affairs residency requirements for this visa subclass, with regard to the number of days spent in Australia.

Staying with friends outside of a formal lease arrangement during this time is not accepted by
Victoria, as it does not demonstrate a financial commitment to continue living in Victoria. It is also not able to be sufficiently evidenced.

For border towns only (those that share a border with SA or NSW) these can be accepted at the discretion of the Victorian Government.

The visa holder is not permitted to reside in any other state other than Victoria while holding a Victorian nominated subclass 188 visa.

For specific meanings related to all of Victoria’s business and investor visas, see our Glossary page.

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