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A permanent visa that lets you continue investment and business activity in Australia. You must be nominated by a state or territory government.

Eligibility

Visa eligibility

To find out if you are eligible for this visa, read the Department of Home Affairs' visa criteria for the Business Innovation and Investment (Permanent) visa (subclass 888).

Victorian nomination eligibility

Victorian visa nomination is valid for three months. Please take this into consideration when submitting your visa application with the Department of Home Affairs.

Ownership of bonds and primary visa applicant swapping

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.

Provisional visa nomination conditions

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.

Designated Investment

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 can find more information on designated investments in Victorian Government Bonds on the Treasury Corporation of Victoria website.

Living in Victoria

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.

Additional business or investment activity

At the time of your nomination application for the Business Innovation and Investment (Permanent) visa (subclass 888) Investor Stream, you and/or your spouse must have fulfilled the additional investment requirement below during your provisional visa period.

188 Victorian Nomination Application Date Additional Investment Requirements Additional Investment Amount Additional Requirements
Before 22nd July 2019 You must demonstrate that you have undertaken additional business or investment activity in Victoria during your provisional visa period. Some examples include stocks, real estate and investing in a Victorian company or business. Not applicable - however your investment must have been of economic benefit to the Victorian economy. Not applicable
On or after 22nd July 2019 You must demonstrate that you have made an additional investment of no less than $500,000 in Victoria during your provisional visa period.

This investment must be made after Victorian nomination, prior investments cannot be used to meet this criterion.

$500,000 capital investment The investment must be held for no less than 12 consecutive months immediately preceding the Business Innovation and Investment (Permanent) visa (subclass 888) Investor Stream nomination application.

The investment options below are eligible:
  • An investment via a managed fund company/fund manager/brokerage firm with operations (an active office and employees) at a Victorian address This can include investment into venture capital funds.
  • Investment in real estate will also be considered and must not be for personal or family use of the applicant.
  • Purchase of a Victorian private company is also considered to meet this requirement.
  • Shares in a Victorian Private Company will be considered, should this increase the value of the company (not purchasing shares from an existing shareholder).
  • Shares purchased in public companies (ASX listed etc) can be made through a Victorian fund management company/broker only.
  • Investments into Family Trusts are not considered to meet this requirement.

Victoria permits subclass 188 Investor visa holders to change their additional investment activities at any time post nomination, so long as they continue to meet the above requirements.

Loans acquired from an Australian entity or resident cannot be used to meet this requirement.

Application process

You need to apply for Victorian visa nomination before you make a formal application for your visa. Applying for visa nomination from the Victorian Government involves two steps:

Step 1: Apply for visa nomination

Register as a user of this website and complete the Business Innovation and Investment visa (subclass 888) Investor stream application form.

You will need to prepare the following documentation for your application and upload it when requested:

  • Business Innovation and Investment (Permanent) visa (subclass 888) Nomination Conditions form
  • Appointment of an Agent/Representative form (if applicable)
  • Evidence of your designated investment - a bond holding statement issued by the Treasury Corporation of Victoria or if the investment has matured, written confirmation from the Treasury Corporation of Victoria
  • Evidence of your Victorian residence such as a tenancy agreement, property ownership documents or enrolment of your children in Victorian schools
  • Evidence of additional business or investment activity in Victoria, this could include:
    1. For stocks, share certificates and evidence of active management
    2. For business activity,  current and historical ASIC extract
    3. For investment properties, certificate of title and most recent tenancy agreement.
  • If you are subject to COVID-19 Concessions, the online application form will ask you to provide further information on how you meet the relevant concessions.

All forms are available from the Supporting documentation and forms page.

Visa nomination processing

Processing times can vary. You can expect an outcome within four weeks from the time your complete application is lodged for visa nomination.

Additional information

We will contact you or your agent (if applicable) if we need more information to assess your application.

Nomination outcome

You or your agent (if applicable) will be notified of the outcome of your visa nomination application by email.

Step 2: Lodge a formal visa application

If you receive Victorian government visa nomination, you can then lodge a visa application with the Department of Home Affairs.

Obligations

As part of your application, you will be required to agree and adhere to the following obligations:

Your obligations:

  • I have read (or have had read to me) the contents of my application and confirm that the information contained therein is true and correct.
  • I confirm that I meet all of the Department of Home Affairs' visa eligibility criteria for the Business Innovation and Investment (Permanent) visa (subclass 888).
  • I will notify the Victorian Government of any changes to my contact details within the first five years of permanent visa grant and agree to participate in any surveys that the Victorian Government may conduct.
  • I have a genuine commitment to continue to engage in business, entrepreneurial or investment activity in Victoria.
  • I have a genuine commitment to continue to reside in Victoria.

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 with 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: businessmigration@liveinmelbourne.vic.gov.au

New way to apply

A new and improved way to apply

We have made it easier for you to register, submit and track the progress of your application.

Our visa application forms are now mobile and tablet friendly with improved layout and helpful text fields.


Register now

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