Business Innovation Stream 188 Victoria State Nomination

This Visa Provides business people with pathway to permanent Residence and Passport/Citizenship.

This is a four-year provisional visa designed for experienced business professionals who wish to establish, develop, and manage a new or existing business in Victoria, Australia. To be eligible, applicants must be nominated by the Victorian state government.

Make the most of the opportunity to explore this visa category in detail through the sections below.

Following Sections provide the opportunity to explore more about Victorian State Nomination for business Immigration:

Major Cities and Towns

Minimum Eligibility Criteria

English Language Requirement

Points Table

Business Plan

Proposed Business Nature

Exploratory Visit Report

When Not to Apply

Funds Need to be Transferred

Age Relaxation

Pathway to Permanent Residence

Requirements for Grant of Citizenship/Passport


Major Cities and Towns

For the below towns of Victoria, turnover and investment requirements are low.

Melbourne (State Capital)

Ballarat

Geelong

Bendigo

Shepparton

Melton

Mildura

Sunbury

Warrnambool

Melbourne is the capital city of Victoria and often referred to in terms such as "Melbourne Business Nomination," "Business Immigration to Melbourne," or "Melbourne Business Immigration Program" when discussing state nomination for business migration.

However, nomination can also be obtained and business can be started in other cities/town within the State.


Minimum Eligibility Criteria

Age: Be under 55 years of age. If an extra benefit is there for the state, this age limit can be waived. Please see Age Relaxation below.

Points: Score at least 65 on the Points Test Table.

Turnover/Sale/Revenue: For 2 out of the last 4 fiscal years, had an annual turnover of AUD 500,000 in an established business or businesses for each of those 2 years.

Business Ownership: Own at least one of the following percentage of your nominated main business:

  • 51% if the business has a turnover of less than AUD 400,000 per year
  • 30% if the business has a turnover of AUD 400,000 or more per year
  • 10% if the business is a publicly listed company

Business History: Have an overall successful business career.

Assets: You, your partner, or both combined must have total net business and personal assets of at least AUD 800,000 that are lawfully acquired.

Business Management Role: If your nominated main business provides professional, technical or trade services, you must have spent no more than half your time providing those services, as opposed to general management of the business.

Business Intention: Have a genuine desire to continuously own and maintain a management role in a business in Australia.

You and your partner must have had no involvement in unacceptable business or investment activities.


English Language Requirement

English Language is not a mandatory requirement. Visa can be granted without IELTS etc.

English language proficiency is not a mandatory requirement for this visa. Applicants over the age of 18 are expected to demonstrate functional English ability, such as an overall IELTS score of 4.5 or an equivalent. However, if they are unable to meet this requirement, they can still qualify by paying for English language courses in Australia. Therefore, taking a language test is not compulsory for visa approval.


Points Table

Score at least 65 Points (Pass Marks) on the points test table below.

Factors Description Points
Age 18–24 years 20
25–32 years 30
33–39 years 25
40–44 years 20
45–54 years 15
55 and older 0
English Language Ability Vocational English 5
Proficient English 10
Qualifications Australian trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an education institution of a recognized standard 5
Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognized standard 10
Special Endorsement The nominating state or territory government agency could decide that your proposed business is of unique and important benefit to the state or territory where the nominating government agency is located 10
Financial Assets Net business and personal assets of you, your partner or you and your partner combined in each of the preceding two years of at least:
AUD800,000 5
AUD1.3 million 15
AUD1.8 million 25
AUD2.25 million 35
Business Turnover Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least:
AUD500,000 5
AUD1 million 15
AUD1.5 million 25
AUD2 million 35
Business Experience You have held one or more businesses before you were invited to apply for the visa for:
Not less than four years within the preceding five years 10
Not less than seven years within the preceding eight years 15
At least four years before the time of invitation to apply for the visa 10
At least seven years before the time of invitation to apply for the visa 15
Business Innovation Qualifications at the time of invitation to apply for the visa Evidence of registered patents or registered designs 15
Evidence of registered trademarks 10
Evidence of formal joint venture agreements 5
Evidence of export trade 15
Evidence of ownership interest in a gazelle business 10
Evidence of receipt of grants or venture capital funding 10
State or Territory Nomination Special endorsement (limited places) 10

Business Plan

You must submit a business plan outlining your intentions to establish and operate your business in Australia. The plan should detail your proposed business activities and explain how they will contribute to the economic growth of Victoria, Australia.

We guide, assist, and deliver quality services to our clients in preparing comprehensive business plans.

- Business Idea:

The business idea section of the Business Establishment Plan must:

Industry/Sector: Identify and clearly define the industry or sector where the business will be active, such as technology, retail, manufacturing, hospitality, or healthcare.

Business Description: Offer a detailed overview of the business, mentioning its official registered legal name and any trading or brand names it will use publicly.

Business Ownership: Describe the ownership structure of the business, specifying whether it is a sole proprietorship, partnership, corporation, franchise, private limited company, or acquired entity.

Location: State the exact city or town where the business will be established and operated.

Market Analysis: Conduct and present an analysis of the market environment including customer demographics, market trends, opportunities, and challenges.

Target Market, Suppliers, Competitors: Define the specific customer groups the business will target, key suppliers or vendors involved, and the main competitors within the sector or region.

Products/Services: List and describe the main products and/or services the business plans to provide to its customers.

Distribution Channels: Explain the methods and pathways through which the business will deliver its products or services to customers, such as online sales, retail outlets, distributors, or direct sales.

Business Hours: Outline the working hours and days during which the business will be open and operational.

Regulations/Licenses: Identify all legal requirements, permits, licenses, or certifications necessary to legally operate the business in the chosen location.

Job Creation: Provide a forecast of the number of local jobs the business will create, supporting employment for Australian citizens or permanent residents.

Research Support: Demonstrate comprehensive research covering economic, market, and cultural factors relevant to the proposed business, showing a well-informed and realistic approach.

Establishment Steps & Timeline: Present a clear plan with key steps, milestones, and a timeline for setting up the business to ensure smooth and successful implementation after arrival.

Economic Benefits: Describe how the business will contribute economically, including job creation, export potential, technology transfer, revenue generation, and community development.

Investment Details: Detail the total amount of capital to be invested, explaining the allocation of funds towards assets, operations, marketing, staffing, and other start-up expenses. Include a cash flow projection for the first year.

Commercial Challenges: Show awareness of potential commercial risks and challenges the business might face, and describe strategies to address these while operating in Victoria.


Business Relationships

The name, organizations, mailing addresses, phone numbers, and emails of contracted professional business service providers who the applicant has contacted and/or has established an active working relationship or paid contractual agreement.


Human Capital

The management role the candidate will undertake in the proposed business, including an estimate of the number of hours per week they will dedicate to managing and working in the business, along with their involvement in day-to-day operations and strategic decision-making.

The candidate’s entrepreneurial background and its relevance to the proposed business. If the candidate lacks direct experience in the specific business area, they should explain how their skills or knowledge can be effectively applied to support the business.


Proposed Business Nature

Applicants are required to propose participation in a qualifying business activity. Eligible businesses can include nearly any commercial venture; however, certain types of businesses are excluded from eligibility for this visa. Examples of these ineligible businesses include:

Small scale property development/brokerage

Small scale freight forwarding and warehousing

Commodity and scrap metal export

Passive investment – property rental, and leasing activities etc.


Exploratory Visit Report

Prior to visa application lodgment, exploratory visit is not required for this Visa.


When not to Apply

Applicants are considered ineligible if they:

Are refugee claimants in Australia.

Are living illegally in their country of residence or in Australia.

Have been deported from Australia or a removal order has been issued by the Australian Government or are prohibited from entering Australia due to any reason.

Have serious medical conditions or have any dependent family member (accompanying or not) with a serious medical condition.

Have a criminal record or have any dependent family member over the age of 18 (accompanying or not) with a criminal record.


Funds Need to be Transferred

Applicant does not need to transfer any amount before Visa Grant.

Once the visa is granted and the applicant has moved to Victoria, Australia, they are required to transfer a minimum of AUD 600,000 to cover both business establishment and settlement costs.


Age Relaxation

No Age Relaxation, Applicant must be upto 55 years of age.


Pathway to Permanent Residence

This Visa (SubClass 188 – Business Innovation Stream) Provides you Pathway for Permanent Residence. After grant of Visa, you need to:

Hold SubClass 188 Visa: (Business Innovation Stream) and be nominated by a state or territory Government for SubClass 888.

Business Operation: Own and operate a viable and sustainable ‘eligible’ business in New South Wales (Other than Sydney and Surrounding Areas) for at least two years with involvement in day-to-day operation of the business and the overall strategic decision making of the business.

Employee Compliance: Comply with the National Minimum Wage standards in regards to at least two employees who are either Australian Citizens or Permanent Residents.

Annual Turnover: An annual turnover of AUD 300,000 in your main business (or businesses), for the last 12 months before you apply for permanent residence visa subclass 888.


Residence Requirement for Grant of Citizenship/Passport

To be eligible to apply for Australian Citizenship, the applicant must:

Residency Requirement: Have been living in Australia on a valid Australian visa for four years immediately before applying, which must include the last 12 months as a permanent resident.

Absence Limitation: Not have been absent from Australia for more than one year in total during the 4-year period, including no more than 90 days in the year immediately before applying.


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