Significant Investor visa
The New South Wales Government welcomes investor migrants to NSW under the state nominated Significant Investor visa program.
The Significant Investor visa (SIV) (188C) is part of the Business Innovation and Investment Program (BIIP) run by the Department of Immigration and Border Protection (DIBP). The 188C SIV is a four-year provisional visa available to high net worth investors who invest at least A$5 million into complying investments.
If you hold a 188C SIV, you can apply for permanent residence (888C SIV) in as little as four years, provided that you meet eligibility requirements at the time. The 188C SIV can be extended twice and by two years each time. There are no English language or age requirements for the 188C SIV.
The Australian Government has overall responsibility for policy and program design in relation to the Significant Investor visa and makes final decisions to grant a visa. NSW nominates individuals for both the 188C provisional and 888C permanent visa.
NSW nomination requirements
From 1 July 2015
From 1 July 2015, the Australian Government introduced a new SIV Complying Investment Framework. If you are nominated by NSW after 1 July, you will need to ensure that you make an investment that complies with this framework.
To be eligible for NSW nomination you must be able to substantiate your ability to meet the requirements set out by the Department of Immigration and Border Protection for the Significant Investor visa (188C SIV). You will be asked to.
- Demonstrate that you have at least A$5 million in assets that are unencumbered, lawfully acquired and readily available for transfer to Australia
- Commit to investing at least A$5 million in complying investments as defined by the Austrade complying investment framework
- Provide details of your complying investment intentions in your NSW nomination application form.
Read the NSW policy for nomination.
Before 1 July 2015
For applicants nominated by NSW before 1 July 2015, the NSW policy rules that were in place at the time that you were nominated for your SIV will continue to apply for the duration of your provisional visa.
In order to qualify for NSW nomination for permanent Significant Investor visa (subclass 888C) you will need to demonstrate that you complied with the nomination requirements that were in place at the time that you were nominated for the provisional SIV (188C).
|Nomination date||NSW Department of Industry requirement|
|24 November 2012 – 31 August 2014||Minimum investment requirement of A$1.5 million in NSW Waratah Bonds|
|1 September 2014 – 23 April 2015||Investment in Complying Investments|
|From 1 July 2015||Investment in Complying Investments as per Austrade complying investment framework.|
How to apply
To apply for NSW nomination for the SIV 188C, you need to
- Submit an Expression of Interest (EOI) in SkillSelect, DIBP's online registration system.
- Complete the NSW Nomination Application Form for Significant Investor (Provisional) Visa (subclass 188C)
- Pay the required application fee and
- Send your application, required supporting documents and payment confirmation to NSW Department of Industry.
You can pay for the NSW nomination application fee online using a Visa or MasterCard. Please make sure you enter your EOI number correctly when entering your payment details.
|If the applicant is outside Australia||AUD 820 (including GST)||Pay now|
|If the applicant is within Australia||AUD 902 (including GST)||Pay now|
Once the online payment is successfully made, a payment receipt will be sent to the email address entered with the payment. You should include a copy of the payment receipt in the application.
Sending your application
The completed application, together with all relevant supporting documents and evidence of payment of the application fee, can be submitted by email, post or by courier.
If your application includes bulky attachments, you can submit your application form and fee by email and post your supporting evidence separately. If you scan and email your supporting evidence, please ensure that the scanned copies of original documents are either in colour or are certified black and white copies
NSW Department of Industry
GPO Box 5477
Sydney NSW 2001
NSW Department of Industry
L47 MLC Centre, 19 Martin Place
Sydney NSW 2000
Our processing time for 188C SIV applications is 24 hours.
If you have any questions about the NSW Significant Investor visa nomination program, please email us at email@example.com or call us on +61 (2) 9934 0704.