Business Innovation and Investment (Permanent) visa (subclass 888) – Investor stream

DATE NOMINATED

CORE NOMINATION CRITERIA

1 July 2021 – 30 June 2022

• $2.5 million in Complying investment:

• $500,000 (20%) in Victorian Venture Capital and Private Growth Equity Funds investing in start-up and small private companies. This must be invested in eligible Victorian Venture Capital funds, and

• $750,000 (30%) in eligible managed funds or Listed Investment Companies (LICs) that invest in emerging companies, and

• $1.25 million in balancing investment in managed funds or LICs that invest in eligible assets, including Australian listed securities, eligible corporate bonds or notes, annuities and real property.

• Age <55

• 80 points minimum

• Must commit to living in Victoria for at least 2 years

• No additional investment requirement

1 Jan 2021 – 30 June 2021

• Designated investment of $1.5 million in TCV bonds

• Age <55

• 95 points minimum

• Must live in Victoria for at least 2 years

• Additional investment

• $500,000 during Provisional visa (subclass 188B) period.

• Must be held for 24 months prior to Permanent visa (subclass 888) nomination application.

• Must be into Victorian based Early Stage Venture Capital Limited Partnerships (ESVCLP), Venture Capital Limited Partnerships (VCLP) or a Fund of Funds (AFOF).

• The fund must be registered with the Department of Industry, Science, Energy and resources and comply with the SIV VC investment framework.

22 July 2019 – 31 December 2020

• Designated investment of $1.5 million in TCV bonds

• Age <55

• 65 points minimum

• Must live in Victoria for at least 2 years

• Additional investment

• $500,000 during Provisional visa (subclass 188B) period and must be held for at least  12 months.

• Eligible additional business or investment may include:

• An investment via a managed fund company/fund manager/brokerage firm with operations (an active office and employees) at a Victorian address.

• 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 do not meet this requirement.

• Provisional visa (subclass 188B) holders can change the investment activities throughout, provided they continue to meet all requirements.

• Investments using loans cannot be used to meet the additional investment requirement.

1 July 2015 – 21 July 2019

• Designated investment of $1.5 million in TCV bonds

• Age <55

• 65 points minimum

• Additional investment

• Additional investment or business activity of any amount must be made within 36 months of arrival in Australia.

• If investment is made into real-estate, deposits on property are not accepted – only full payment.

• Property must be for investment purposes and not resided in by the visa holder or their family.

• Can include stocks, real estate or investment into a company.