2020-21 Victorian business and investor visa nomination program update

8 September 2020

2020-21 Victorian business and investor visa nomination program update

Victoria’s 2020-21 business and investor visa nomination program (subclass 188 and 132) will open today at 9am AEST, Tuesday, 8 September, 2020.

The coronavirus pandemic has significantly changed the economic and social environment for migration policies and programs, but well-targeted migration policies and programs remain essential to Victoria’s economic recovery.

The Commonwealth Department of Home Affairs has provided the Victorian Government with an interim allocation of visa nomination places for the Business Innovation and Investment Program (BIIP) up until the Federal Budget on 6 October. The limited number of places are to be used to address the state’s economic recovery and health response to the pandemic.

The Commonwealth Government will advise after the Federal Budget what additional state nomination visa places will be allocated to the Victorian Government for the remainder of the 2020-21 program year.

Changes to nomination criteria

For the interim period, the Victorian Government’s business and investor migration program will reopen with no substantial changes to the existing nomination criteria, except for one additional requirement. All business and investment activity must contribute to Victoria’s economic recovery or health response to be approved for visa nomination.

You must address this new criterion using the ‘Economic Recovery – Business and Investment Support Form’ when you submit your application through the Live in Melbourne portal.

Places are limited and applications are expected to be highly competitive.

To have the best chance of success, it is important that your application is specific about the way your business or investment will assist Victoria’s economic recovery or health response to the pandemic.

Changes to application processing

The Commonwealth Government has provided the interim places for the Victorian Government to use until the Federal Budget.

To ensure that all applications received can be assessed within this timeframe, applications will close at 5pm AEST, 21 September 2020.

Please continue to check there are website for updates.

For any further inquiries or clarification, please feel free to contact +6010 229 2114 or drop an email at enquiry@prforaustralia.com. We’ll be glad to assist!