Business Innovation and Investment (Provisional) visa (subclass 188) Investor stream
This visa is for those who desire to make a minimum AUD1.5 million investment in an Australian state or territory and continue to do business and invest in Australia. You must acquire state nomination support in order to submit a legitimate visa application to the Department of Immigration and Border Protection (DIBP).
Verify your eligibility.
Read the Department of Immigration and Border Protection’s (DIBP) visa criteria for the Business Innovation and Investment (Provisional) visa to see whether you qualify (subclass 188)
To be considered for a visa nomination by the state of Victoria, you must meet the following criteria:
- meet the conditions for this visa set forth by the Department of Immigration and Border Protection (DIBP)
- invest with the Victorian Treasury Corporation in a designated fund; and
- engage in extra commercial or investment activity
On this page, you should also read the state nomination conditions and evaluation criteria.
Steps to take next:
You can apply for a Victorian visa nomination once you’re sure you’ll be able to meet the conditions.
Processing of Victorian visa nominations:
Processing timeframes are subject to change. Applicants should expect a response within four weeks of submitting their entire visa nomination application.
Conditions for nomination in Victoria:
- The Victorian Government’s nomination support is conditioned on the applicant’s official acceptance and acknowledgment of the following:
- The candidate has read (or had read to them) the details of their application and certifies that all of the information is true and correct.
- The candidate certifies that they meet all of the requirements for a visa from the Department of Immigration and Border Protection (DIBP).
- The Victorian Government may share information with the Department of Immigration and Border Protection about the application and the applicant’s business/investment activity in Victoria (DIBP).
- In respect to this application or connected topics, the Victorian Government reserves the right to contact the applicant directly. This could include a call from a Commissioner of a Victorian Government Business Office (VGBO) to discuss possible assistance with business or investment activity in Victoria.
- The Victorian government does not have the legal capacity to deal with visa issues and will not represent the applicant before the Department of Immigration and Border Protection (DIBP) or the Migration Review Tribunal.
- Any changes in the applicant’s contact information will be reported to the Victorian Government, and the applicant agrees to participate in any surveys that the Victorian Government may conduct.
- The Victorian Government neither endorses nor accepts 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.
- The nomination of the Victorian Government is not transferable to any other Australian state or territory.
- The applicant has made a sincere commitment to establishing a home in Victoria.
- Within one month after arriving in Victoria, the applicant will contact the Victorian government.
- According to the terms of their visa and nomination, the candidate will live in Victoria.
- The applicant will make a designated investment with the Treasury Corporation of Victoria of at least A$1.5 million.
- The applicant will participate in ongoing business/investment activities in Victoria within 36 months of arrival, in addition to the planned investment of A$1.5 million.
Failure to comply with the aforementioned conditions without the express written agreement of the Victorian Government may result in the loss of Victorian Government support for the applicant’s visa.
Criteria for evaluation:
When you submit for a Victorian visa nomination, you will be judged on a variety of factors. We use the criteria listed below to evaluate all applications.
Applicants must be under the age of 55 to be considered.
Residing in Victoria
According to the visa and nomination rules, the candidate must have a real commitment to establish a residence and reside in the state of Victoria.
Making an investment in Victoria :
The applicant must agree to make a targeted investment with the Victorian Treasury Corporation of at least A$1.5 million.
Purchase restrictions for Victorian Designated Investment Bonds:
Nationals and inhabitants of the United States:
Due to securities limitations in the United States, you may be unable to purchase Victorian Designated Investment Bonds if you are a US citizen or resident.
Sanctions imposed against countries
To limit commercial operations, the Australian government imposes sanctions on specific countries. You may not be allowed to buy Victorian Designated Investment Bonds if you are a national of, live in, or transmit money from a country that the Australian government has sanctioned.
Please consult the Department of Foreign Affairs and Trade website for the most up-to-date information on sanctioned nations.
Bond ownership and spouse swapping:
If you and your spouse/de facto partner desire to shift positions at the permanent visa stage (subclass 888 visa) so that they become the lead visa applicant, this may not be possible if the bonds were not held jointly. Please keep this in mind while buying Victorian Designated Investment Bonds, and get independent advice if you have any questions.