State Nomination for Investor
Differences in State Nomination eligibility criteria
Emigrating to Australia as an investor under the Business, Innovation & Investment Programme (BIIP) is by invitation only. Each State and Territory is allocated a quota of nominations by the Federal Government. The State then nominate potential investors to emigrate to their State until they have met their quota.
Therefore, to apply for an investor visa, an investor must first be nominated by a State or Territory. Once secured, the State Nomination will enable the investor to apply to the Federal Government for a 188 visa.
In return for the States Nomination, an investor must commit to the state or territory for 4-years. In terms of investments and their primary residential address within Australia.
It is important to note: Each state under federal law holds the authority to impose additional local conditions on potential investors beyond the Department of Home Affairs requirements. A state may also stop accepting new investors without notice as per its statutory right.
We advise our clients to be as flexible as possible when applying for State Nominations. It is possible to submit multiple requests for state nomination simultaneously. A client can then accept the State Nomination from their preferred state before proceeding with their visa application.
Currently, for business investment visas, Victoria presents the biggest challenges in terms of academic qualifications or business experience required, target sector for investment and ongoing requirements for the business to achieve within the initial 4-year period. That said, for significant investors of A$5m, Victoria aims to provide State Nomination within 10-days from the date of application.
We hope to provide a snapshot of the current requirements and differences between States in the pages below.
State by State
The present document is intended for guidance and general information only and does not constitute or purport to provide you with legal advice. Such information is subject to changes without notice. Each case is unique and depends on the facts and circumstances of the individual and due consideration should be taken if applying the general information to your personal situation. For an evaluation of your personal circumstances, one of our team would be happy to assist.