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A permanent visa that lets you continue investment and business activity in Victoria.

The requirements on this page apply to Victorian nominated subclass 188B visa holders from 1 July 2021. If you were nominated before 1 July 2021, please review the nomination conditions form you signed at the time of your nomination.

Cost: No fee

Nomination processing time: 20 business days

Read the Overview page for a summary of the requirements and how to apply.


Have this visa

You must hold a Victorian nominated provisional Investor stream (subclass 188B) visa, and held it for at least 3 years visa.

Investment in Victoria

You must show you have maintained a complying investment of at least A$2.5 million.

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

Live in Victoria

You must prove that you lived in Victoria for at least 2 years before applying for the permanent visa.

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

You met your nomination obligations

You must have:

  • met the Victorian nomination conditions for provisional Investor stream (subclass 188B) visa, and
  • met the conditions that you signed in the Nomination Conditions Form.

Comply with the Department of Home Affairs requirements

You must comply with the Department of Home Affairs requirements including minimum financial requirements.

Department of Home Affairs

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.

Maintain contact and complete surveys

You must:

  • notify us of any changes to your contact details, and
  • participate in any new surveys from the Victorian Government.

You must show that you held 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 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 ($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$1,250,000).

All complying investments must demonstrate contribution to the Victorian economy. See the Specific meanings section below for more information.

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

Review of nomination decision

If your nomination application is 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.

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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