Victoria’s Investor and Significant Investor (subclass 188B and 188C) visa nomination updates

Victoria’s provisional Investor stream (188B) and provisional Significant Investor stream (188C) visa nomination programs for 2021-22 are now open.

The major changes to the 2021-22 program are:

Investor (188B)

• Complying investments of A$2.5 million (held for the duration of the provisional visa)

• Minimum SkillSelect points score of 80

• No requirement to make any additional investments

• No requirement to invest in Designated Investment Bonds

• All complying Venture Capital and Private Growth Equity funds (VCPE) investments must be made into Victorian based funds.

Significant Investor (188C)

• Updated Complying Investment Framework for complying investments of A$5 million (held for the duration of the provisional visa)

• All complying Venture Capital and Private Growth Equity funds (VCPE) investments must be made into Victorian based funds.

If you received Victorian government nomination for an Investor or Significant Investor visa prior to 1 July 2021, these changes do not affect you. This includes where you are waiting for your visa to be processed by the Department of Home Affairs.