Skip to content

A provisional visa for high net-worth individuals who are willing to invest at least A$5 million into complying significant investments in Australia and want to maintain business and 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: 10 business days

Investment in Victoria

You must make a complying investment of at least A$5 million.

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

Live in Victoria

You must intend to live in Victoria.  You and your family cannot live in other states or territories of Australia.

You must have sufficient funds to settle in Victoria.

You must make a complying investment* of at least A$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$1,000,000)
  • 30 per cent in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies (A$1,500,000)
  • 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$2.5 million).

All complying investments must demonstrate contribution to the Victorian economy.

See Eligible Complying Investments (Emerging Companies and Balancing) in the glossary for more information.

*It is important that you seek independent financial advice

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

  • Use the government’s Moneysmart Financial Advisers Register to check your financial advisor holds the appropriate registration.
  • Review tips about what to look for in a financial adviser.
  • ASIC Registered Financial Advisers do not receive commissions and are prevented from doing so under the Corporations Act 2001. You can read more on how your Financial Advisor is remunerated at Moneysmart.
  • Do not rely on migration agents or fund managers for financial advice.
    • Anyone who gives financial advice must have an Australian financial services (AFS) licence or work for a company that has a licence.
    • Fund managers can give product advice on their own financial services and products, however this is not unbiased financial advice.
  • If you suspect fraud or dishonesty, contact your local police and report the misconduct to ASIC.

You must sign and comply with the Nomination Conditions Form. A digital Nomination Conditions form will be sent to you by email once an application is started.

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.


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. If you receive Victorian nomination, you must live and invest in Victoria.

You cannot live in other states or territories of Australia.

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


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 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.


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.


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.

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




This page is not available in Chinese. Choose what you’d like to do next.

Stay on this site to view other content

Continue to read this page in English