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Victorian Business and Investor Visa Nomination Update – SC188 & SC132

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The Department of Home Affairs has allocated the Victorian Government a limited number of allocations for the Business and Investor visa nomination program, with applications opening 9am AEST, Tuesday 9 September 2020.

The revelant visas are:

Who can apply?

These allocations in the Business and Investor visa nomination program are designed to be used to help stimulate the recovery of the economy in the wake of the COVID-19 pandemic. The intended business or investment must aid in the economic recovery or the State’s health response to the COVID-19 pandemic.

These allocations are currently only interim allocations and are designed to be used up until the Federal Budget is released on 6 October 2020.

Following the Federal Budget announcement next month, the Government will allocate the remainder of the nomination visa places for each State and Territory.

Changes to nomination criteria:

For this period of interim allocations, there is additional criteria which must be met by applicants wishing to be nominated:

  • All business and investment activity which is related to the approval of the Business and Investor visa nomination program (subclass 188 and 132) must contribute to Victoria’s economic recovery or health response.

This new criteria can be addressed in the ‘Economic Recovery – Business and Investment Support Form’ provided when you submit your application.

The window for applying for the Business and Investment visa nomination program closes at 5pm AEST, Monday 21 September 2020.

Next steps?

It is very important that your Victorian state nomination application is specific in the way that your business or investment helps contribute to the recovery of the Victorian economy.

If you would like to assess whether your intended business or investment will have a strong likelihood of success against the new criteria, Ethos Migration Lawyers can advise on whether it can assist Victoria’s economic recovery or health response to the COVID-19 pandemic.

Feel free to get in contact with us today via phone on 1300 083 843, make an online enquiry or email info@ethosmigration.com.au.

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