Business and investor visas

NSW Business and Investor Migration Update

Last updated 23/11/2020

We have filled the interim nomination places allocated to us earlier this financial year.

Once Home Affairs provides further nomination places, we will announce on our website and newsletter advising stakeholders how applicants may apply for NSW nomination. We cannot accept applications until this time.

We cannot provide a timeframe when we will receive additional places at this time.

You do not need to submit a new EOI in SkillSelect if your current EOI remains valid.

Why NSW

New South Wales (NSW) has a dynamic business environment that is truly world class. With our growing economy, the opportunities here are abundant making NSW the top destination in which to launch your future.

NSW has a diverse economy and a stable and low-risk business environment that is supported by world's best-practice financial and legal systems. Major investments in infrastructure such as roads and public transport are further boosting growth and improving services that support business in our state.

Supporting business migrants

There is no better time to make the move and take advantage of the abundant opportunities available in New South Wales. The NSW Government welcomes business migrants who plan to set up a business or invest in NSW.

To ensure NSW remains a competitive business migration destination, we are continuously improving our business migration program.

These improvements are aligned with the NSW Government's approach to economic development that focuses on enablers of growth and the state's priorities.

NSW welcomes entrepreneurs

As Australia’s capital of innovation, Sydney and NSW offer an internationally competitive and compelling location for potential entrepreneur visa applicants. NSW welcomes international entrepreneurs and innovators through this program and offers competitive nomination criteria for this visa.

Visit Visa categories and nomination criteria for more information on our commitment to make Sydney and NSW the preferred destination for business and investor migrants, including potential entrepreneur visa applicants.

Industry engagement program

On Monday 23 May 2016 we launched a new industry engagement program aimed at showcasing Sydney and NSW’s business and investor opportunities. The initiative promotes the business economy, education, healthcare and lifestyle benefits of moving to Australia’s premier state.

An exciting fresh video and print collateral, including a pilot roadshow to China, brings the program to life and demonstrates Sydney and NSW’s appeal to key migration industry stakeholders and business, entrepreneur and investor migrants.

Business Innovation and Investment (BIIP) visa (subclass 188)

NSW nominates suitable applicants to apply for a business or investor visa under the Business Innovation and Investment Program (BIIP). To be eligible for NSW nomination you must meet the NSW nomination criteria and Department of Home Affairs visa criteria.

The Business Innovation and Investment visa program is a two stage process for most applicants.

The Business Innovation and Investment visa has five streams:

  • The Business Innovation stream is for people who wish to own and manage a new or existing business in Australia.
  • The Investor stream is for people who wish to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
  • The Significant Investor stream is for eligible applicants who are willing to invest at least A$5 million into complying investments in Australia.
  • The Premium Investor stream is for eligible applicants who have been nominated by Austrade.
  • The Entrepreneur stream is for people who wish to undertake a complying entrepreneurial activity that leads to either the commercialisation of a product or service, or development of a business in Australia.

Business Talent (Permanent) visa (subclass 132)

NSW nominates eligible applicants in the Significant Business History (SBH) stream.

Significant Business History (SBH) stream

The Significant Business History stream is for people with a highly successful business background who plan to be owners or part owners and have a major management role in a NSW business.

Potential applicants for this visa who are considering a business in property development should contact us before preparing an application.

Application assistance

NSW Treasury does not provide a migration assistance service. Applicants seeking migration advice may wish to engage a Migration Agent. Applicants who engage a migration agent should ensure the agent is registered with the Office of the Migration Agents Registration Authority.

Read more about NSW business nomination criteria and how to apply and application forms. Application fees are not refundable.

Nomination by NSW

Whilst NSW seeks to adopt a facilitative approach, applicants are responsible for meeting requirements for NSW nomination. Nomination is at the discretion of the NSW Treasury.

Letters of release

NSW Business & Skilled Migration does not offer Letters of Release. NSW nominates candidates under the Business, Innovation and Investment Program (BIIP) because of their business and investment capabilities are able to enhance the state. NSW nominees applicants are expected to live and do business NSW.

Read our frequently asked questions or download our how to apply fact sheet.

The Fair Work Ombudsman

The Fair Work Ombudsman is an independent statutory agency of the Commonwealth Government that provides free advice, resources and assistance to businesses about their workplace rights and obligations.

Small Business Showcase

The Small Business Showcase has tailored information and resources for small businesses on topics including:

Small business checklist

Using the interactive small business checklist you can check how you are tracking with your workplace obligations and identify areas for improvement.

Templates

Businesses can access templates to assist with a range of activities like employing staff, managing performance and ending employment.

Franchisors and franchisees

The Fair Work Ombudsman can help franchisors and franchisees understand your workplace obligations, and provides information and resources to get it right.

In-language resources

The Fair Work Ombudsman has dedicated information and resources in over 30 languages. You can even translate most of its web pages into your preferred language using Microsoft Translator.

Contacting the Fair Work Ombudsman

For tailored information and advice, businesses can:

  • Register for My account.
  • Call the dedicated Small Business Helpline on 13 13 94.
  • Sign up to email updates to keep up to date.

For information in different languages, visit www.fairwork.gov.au/languages or contact the Fair Work Ombudsman through the Translating and Interpreting Service (TIS) on 13 14 50.