Visa categories and nomination criteria

Provisional visaPermanent visa
Business Innovation & Investment - 188 Business Innovation & Investment - 888

Investor Retirement - 405

Business Talent - 132

Update July 2017

NSW nomination criteria for the Permanent Significant Investor Visa (888C) and Extension Significant Investor 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 (SIV) 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.

Entrepreneur visa

NSW welcomes applicants for the entrepreneur visa, a new visa stream under the Business Innovation and Investment Program.

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 , offering an internationally competitive and compelling location for potential Entrepreneur visa applicants.

NSW nomination criteria for the entrepreneur visa 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

The visa has five streams:

StreamNomination criteria
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

StreamNomination criteria
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)

Permanent visas

Business Innovation and Investment (Permanent) Visa (subclass 888)

StreamNomination criteria
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.

Potential applicants for this visa who are considering a business in property development should contact us before preparing an application.

StreamNomination criteria
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

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:

ActionTimeframe
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.

NSW reserves the right to assess the applicant’s genuine and realistic commitment to conduct their proposed business activity in NSW. Processing times will be longer when time is needed to assess this.

Age requirement for business or investor visa nominees

Under Department of Immigration and Border Protection (DIBP) requirements, applicants for Business Innovation (188A), Investor (188B) and Business Talent (Significant Business History) (132) visas must be under 55 years when nominated to apply for their visa.

NSW requires applicants seeking NSW nomination for these visas to meet the DIBP age requirement. Applicants who are over 55 years of age may wish to consider the Significant Investor Visa (SIV) which does not have an age limit.

Under DIBP criteria, a state or territory can waive the age requirement if the state or territory assesses that the applicant’s proposed business or investment activity will deliver exceptional economic benefit.

NSW seldom exercises this provision and will only do so where an applicant presents a strong, evidence-based business plan that demonstrates their business will deliver exceptional economic benefit to NSW. Applications are assessed on a case by case basis.

Applicants seeking special endorsement

Under DIBP requirements, applicants for Business Innovation (188A) and Investor (188B) must be eligible for at least 65 points in the DIBP business innovation points test .

NSW requires applicants seeking NSW nomination for these visas to meet the DIBP points requirement. Applicants who do not meet this requirement may wish to consider the Significant Investor Visa (SIV) which does not have a points test.

Under DIBP criteria, a state or territory can award an applicant 10 points towards the DIBP points test if the nominating state or territory assess that the proposed business will bring a unique and important benefit to the state or territory.

NSW seldom exercises this provision and will only do so where an applicant presents a strong, evidence-based business plan that demonstrates their business will deliver exceptional economic benefit to NSW. Applications are assessed on a case by case basis.

Business Owner (Permanent) 892 and Investor (Permanent) 893

StreamNomination criteria
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.