Visa categories and nomination criteria

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

Investor Retirement - 405

Business Talent - 132

Business Innovation and Investment (Provisional) Visa 188

The Business Innovation and Investment (Provisional) Visa 188 is for people who

Read the frequently asked questions for Business Innovation 188A/888A visas.

The visa has five streams:

StreamNomination criteria
Business Innovation - For people who want to own and manage a new or existing business in NSW. 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 NSW 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
Business Innovation Extension stream - For holders of the Business Innovation stream visa who wish to extend their stay for an extra two years.Read the NSW nomination criteria for the Business Innovation Extension 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
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 NSW. 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 (now closed to new applicants)

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)

Read the frequently asked questions for Business Innovation 188A/888A visas.

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 NSW. Read the NSW nomination criteria for the Significant Business History Stream
Venture Capital Entrepreneur - For people who have sourced venture capital funding from AVCAL to progress a business interest in NSW which they will actively manage.Please contact us

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 Home Affairs criteria, 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 Department of Home Affairs 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 Department of Home Affairs 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 Department of Home Affairs requirements, applicants for Business Innovation (188A) and Investor (188B) must be eligible for at least 65 points in the Department of Home Affairs business innovation and investment 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 Department of Home Affairs criteria, a state or territory can award an applicant 10 points towards the 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 NSW for at least two years with a turnover of at least A$200,000 p.a. 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 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.