Visa categories and nomination criteria
|Provisional visa||Permanent visa|
|Business Innovation & Investment - 188||Business Innovation & Investment - 888|
Update July 2017
NSW nomination criteria for the Permanent Significant Investor Visa (888C) and Extension Significant Visa (188C)
NSW is pleased to announce our nomination criteria for the Permanent Significant Investor Visa and the Extension Significant Investor Visa. For full details, refer to our Significant Investor Visa page.
NSW welcomes investor migrants under the state nominated SIV program offering the most competitive state nomination policy with a straightforward and prioritised nomination process.
Update October 2016 - Entrepreneur visa
Attracting more entrepreneur migrants
By aligning NSW criteria with the Australian Government Department of Immigration and Border Protection’s key eligibility requirements, we aim to attract more talented entrepreneurs. NSW is already Australia’s capital of innovation
The new NSW-nominated Entrepreneur criteria are very competitive and support the aim of the NSW migration program to create jobs, boost productivity and generate genuine economic activity.
Business Innovation and Investment (Provisional) Visa 188
The Business Innovation and Investment (Provisional) Visa 188 is for people who
- are less than 55 years of age
- have a successful business and/or investment history
- have adequate personal and business assets
- score at least 65 points on the Commonwealth Innovation Points Test.
The visa has five streams:
|Business Innovation - For people who want to own and manage a new or existing business in Australia.||Read the NSW nomination criteria for the Business Innovation Stream|
|Business Investor - For people who want to make a designated investment of at least A$1.5 million with the NSW Treasury Corporation and want to maintain business and investment activity in Australia after the investment has matured.*||Read the NSW nomination criteria for the Investor Stream|
|Significant Investor - For high net worth individuals seeking investment migration to NSW.||Read the NSW nomination criteria for the Significant Investor Stream|
|Significant Investor Extension stream - For holders of the Significant Investor Visa who wish to extend their stay for an extra two years.||Read the NSW nomination criteria for the Significant Investor Extension Stream|
|Premium Investor - Available at the invitation of the Australian Government only, with potential recipients nominated by Austrade. State and Territory governments are able to make referrals to Austrade.||Austrade assesses and nominates on approved criteria based on entrepreneurial skill or talent and ongoing benefit to Australia and character/integrity check. NSW has no nomination criteria available.|
|Entrepreneur - For people who are willing to undertake a complying entrepreneurial activity that leads to either the commercialisation of a product or service, or development of a business, in Australia. Applicants must have a funding agreement from eligible third party or parties for at least A$200,000.||Read the NSW nomination criteria for the Entrepreneur visa (subclass 188)|
Investor Retirement (Temporary) 405
|For people who are over 55 and will deposit A$750,000 (or A$500,000 for people who intend to reside in Regional NSW) in a designated investment with the NSW Treasury Corporation for four years.*||Read the NSW nomination criteria for the Investor Retirement Visa (subclass 405)|
Business Innovation and Investment (Permanent) Visa (subclass 888)
|Business Innovation – For people who hold a provisional Business Innovation and Investment visa and who meet NSW requirements.||Read the NSW nomination criteria for the 888 Business Innovation Stream|
|Business Investor – For people who hold a provisional Business Innovation and Investment visa and who meet NSW requirements.||Read the NSW nomination criteria for the 888 Investor Stream|
|Significant Investor Stream – For people who hold a provisional Business Innovation and Investment visa and who meet NSW requirements.||Read the NSW nomination criteria for the 888 Significant Investor Stream|
|Entrepreneur Stream – For people who hold a provisional Business Innovation and Investment visa and who meet NSW requirements.||NSW is currently developing the nomination criteria|
Business Talent Visa 132
The Business Talent Visa 132 is for people who are less than 55 and can demonstrate significant business and investment capability and a capacity to create jobs that will make a significant contribution to the NSW economy.
This visa has two streams:
|Significant Business History - For high calibre and high net-worth owners or part owners of a business who want to have a major management role in a new or existing business in Australia.||Read the NSW nomination criteria for the Significant Business History Stream|
|Venture Capital Entrepreneur - For people who have obtained at least A$1 million in funding from an AVCAL approved Australian venture capital firm.||Read the NSW nomination criteria for the Venture Capital Entrepreneur Stream|
Processing times for Business Talent applications
NSW has a priority processing time of five (5) business days for Business Talent visa nominations. Standard timeframes are outlined in the table below:
| Allocation of dedicated Relationship Officer |
and email acknowledgement of receipt of application
|24 business hours|
|Outcome confirmation**||Five (5) business days|
**These processing times are applicable to complete applications. If an application is incomplete or more clarifications are required, processing times will vary.
Business Owner (Permanent) 892 and Investor (Permanent) 893
|Business Owner (Permanent) 892 - For holders of a qualifying provisional visa or Business (Long Stay) Independent Executive visa who have operated a business in Australia for at least two years with a turnover of at least A$200,000 pa.||Read the NSW nomination criteria for Business Owner Visa (subclass 892)|
|Investor (Permanent) 893 - For holders of a qualifying Investor (Provisional) visa who have been resident in NSW for at least two of the last four years, have held the designated investment continuously for 4 years, and have a commitment to continue business or investment activity in NSW.||Read the NSW nomination criteria for Business Investor Visa (subclass 893)|
How to apply and application forms
For information on how to apply and application forms, visit our page on application and forms.
* We ask that all prospective applicants who are residents or citizens of the United States to contact us before submitting an application for the Investor stream (subclass 188B) visa or the Investor Retirement (subclass 405) visa.