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 Home Affairs. 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. The Australian Government is responsible for all health, character, source of funds and security checking on Significant Investor visa applications.

Read the latest information issued by the Department of Home Affairs in August 2016 on bridging visas for 888C SIV applicants. Additional information is available on the Department of Home Affairs website.

NSW nomination criteria for permanent and extension Significant Investor Visa

NSW is pleased to announce our nomination criteria for the Permanent Significant Investor Visa and the Extension Significant Investor Visa.

For full details, download NSW nomination criteria:

Refer to the checklist in the relevant application form and our frequently asked questions for further information.

How to apply

Applying for NSW nomination for your Permanent or Extension SIV is straightforward. Follow these steps to submit your application:

  1. Complete the relevant NSW nomination application form:
    1. NSW Nomination Application Form for Significant Investor stream (Permanent) Visa (subclass 888C)
    2. NSW Nomination Application Form for Significant Investor Extension stream (Provisional) Visa (subclass 188C)
  2. Pay the required application fee
  3. Send your application, required supporting documents and payment confirmation to NSW Department of Industry.

When can I apply for my permanent or extension Significant Investor visa?

If you applied for your provisional SIV visa before 1 July 2015, you can apply for NSW nomination after holding the visa for three years and nine months. In such cases, the Department of Home Affairs requires that you submit the visa application after you have held the visa for three years and 11 months.

If you applied for your first provisional SIV after 1 July 2015, you can apply for NSW nomination after holding the visa for four years. In these cases, the Department of Home affairs requires that you submit the visa application after you have held your first Provisional SIV for four years.

NSW processing time for the permanent or extension Significant Investor visa is one week.

What documents do I need to show that I have held my complying investment?

The evidence you submit is dependent on when you were nominated for your visa and the nature of your investment. Following are the types of evidence you may need to submit in your application:

NSW Waratah Bonds

Evidence that demonstrates the initial investment date, the maturity date of the investment in NSW Waratah Bonds and that you have held the investment throughout your provisional visa.

This evidence may include, but is not limited to, any of the following documents:

  • certificate of inscription from NSW Treasury Corporation
  • statement from the fund manager demonstrating the date of the initial investment
  • the most recent periodic payment summary from NSW Treasury Corporation
  • most recent bank statements
  • most recent financial statements

Please note: you do not need to obtain a recent ‘holding statement’ from NSW Treasury Corporation.

Managed funds

  • Form 1413 (if you applied for your SIV before 1 July 2015) signed by the fund manager/s; or
  • Form 1413D (if you applied for your SIV after 1 July 2015) signed by the fund manager/s

Australian proprietary company

A shareholder certificate, company extract from ASIC and relevant financial documents. The financial documents for the most recent fiscal year are sufficient to demonstrate the investment until the time of application.

NSW nomination criteria for provisional Significant Investor visa

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 Home Affairs for the Significant Investor visa (188C SIV). You will be asked to.

  1. Demonstrate that you have at least A$5 million in assets
  2. Commit to investing at least A$5 million in complying investments as defined by the Austrade complying investment framework
  3. 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

Application fee

You can pay for the NSW nomination application fee online on via the How to apply and application forms webpage using a Visa or MasterCard. Please make sure you enter your EOI number correctly when entering your payment details.

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 must be submitted by email.

Please ensure that the scanned copies of original documents are either in colour or are certified black and white copies.

Email:
business.migration@industry.nsw.gov.au

Processing times

Our processing time for 188C SIV nomination applications is 24 hours.

Our processing time for the 188C SIV Extension stream and 888C SIV nomination applications is one week.

If you have any questions about the NSW Significant Investor visa nomination program, please email us at business.migration@industry.nsw.gov.au or call us on +61 (2) 9934 0704.