victoria south australia subclass 188 open

NSW 188 visa nominations are now open for financial year 2021/2022. 

Following the announcement of the changes to the Business Innovation and Investment Program (BIIP) from 01 July 2021, several states have announced their own set of nomination rules and opened for new nominations. You can review all the updated legal requirements incorporating the 2021 changes to the subclass 188 visa program on our Business Visa page. 

The key changes can be found from our last article: 188 Business Visa Changes from July 2021 Onwards 

NSW: 188 visa nominations now open! 


To be nominated by NSW to apply for the 188 visa, they have now announced their own selection criteria. These can be summarised as follows:

  • You must be under 50; (The Commonwealth requirement is 55) 
  • You must have a Bachelor’s degree or either:
    • have 3 years of business experience in a NSW target sector or 
    • 5 years of business experience in a non-target sector. 
  • Target Sectors
    • For Sydney, the target sectors are:
      • Advanced manufacturing
      • Food and beverage manufacturing
      • Agricultural technology
      • Aerospace and defence
      • Renewable energy and sustainability
      • Emerging digital technology
      • Cyber security
      • Medtech
    • For Regional NSW, the target sectors are those for Sydney plus the following:
      • Technology-enabled primary industries
      • Critical minerals
      • Recycling and waste management
  • Financial Requirements
    • For Sydney, the financial requirements are at:
      • $1,750,000 Net Personal and Asset Value; and 
      • $1,250,000 Turnover 
    • For Regional NSW, the financial requirements are at:
      • $1,250,000 Net Personal and Asset Value; and
      • $750,000 Turnover
  • The business must create a minimum of two new full time equivalent jobs. 
  • If purchasing an existing business, you must show growth in the business since taking over through either:
    • increase in annual turnover of at least 10% or 
    • increase in business assets of at least 25%. 

Businesses who are able to claim points in the business innovation qualifications or 15 points for business experience will be prioritised. 

We will provide updates as we receive them. Subscribe to our information by entering your email address below. You will be notified as soon as information has been updated to our website. 

You may consult with us to find out more.

    Tell us about your issue, we are here to help you









    Our expert lawyers who will help you

    We are a leading migration agency law firm located in Sydney, Australia. Contact our lawyer & consultants for immigration, work, business, or other related visa requirements & queries.

    Mei Guo

    Head of Immigration | Partner Solicitor
    We are a leading migration agency law firm located in Sydney, Australia. Contact our lawyer & consultants for immigration, work, business, or other related visa requirements & queries.

    Amy Sun

    Paralegal

    Need to consult with us? Book an appointment today.

    Our team will give you expert advice that has been specifically tailored to your case.

    Related news

    How Immigration Lawyers Help Navigate Australia's Complex
    Services

    How Immigration Lawyers Help Navigate Australia's Complex Visa System

    2024/09/18 | BL Migration Team
    Introduction Australia’s immigration system is well-known for its complexity, encompassing hundreds of visa subclasses and frequently changing policies. Navigating this...
    READ MORE
    Designated Area Migration Agreement for Western Australia
    Designated Area Migration Agreement

    New Designated Area Migration Agreement for Western Australia

    2024/07/02 | Mei Guo
    The Western Australian government has successfully negotiated the establishment of a Western Australian Designated Area Migration Agreement (WA DAMA) with...
    READ MORE
    July 2024 Upcoming Changes To Australian Immigration
    News

    1 July 2024: Upcoming Changes To Australian Immigration

    2024/07/01 | Mei Guo
    On 1 July 2024, there will be significant changes in the Australian immigration space reflecting the Australian Government’s Migration Strategy...
    READ MORE

    How we will help

    Free Assessment

    Please call us or fill in the questionnaire here for a free initial assessment. After a simple communication, we will understand your concerns and visa requirements in detail, and then provide a timely and comprehensive professional consultation with tailor-made plans.

    Consultation

    Our consultations are typically 45-60 minutes long, which allows us to provide you with a detailed strategy to address the needs and concerns you raised with us during the initial call.

    Our fee is $300 + GST for the full session. You can book in a consultation by calling us, emailing us or filling in the Contact Us form.

    Developing and Managing a Strategy

    During our consultation session, we will go through in more detail your background and circumstances to ensure that we can provide a tailored solution to your problems and making sure that you meet all the legal requirements. If we notice any potential issues, we will also immediately formulate a solution.

    We’ll also balance time required, cost and difficulty and allow you choose the most appropriate strategy. We will then attend to all visa application matters on your behalf.

      Tell us about your issue, we are here to help you









        Subscribe to our Newsletter

        You will receive the latest immigration news and policy updates. You will also get the notification of
        our upcoming webinars & events