Sydney target sectors include:

• Advanced manufacturing

• Food and beverage manufacturing

• Agricultural technology

• Aerospace and defence

• Renewable energy and sustainability

• Emerging digital technology

• Cyber security

• Medtech

Regional NSW target sectors include those for Sydney in addition to:

• Technology-enabled primary industries

• Critical minerals

• Recycling and waste management

Your business plan

You must provide a business proposal that clearly describes how your business will contribute to the NSW economy and create new jobs.

Creating new jobs in NSW

You must create a minimum of two new full time equivalent jobs.

If you are purchasing an existing business

You must show growth in the business since taking over through either an:

• increase in annual turnover of at least 10%, or

• increase in business assets of at least 25%

Exemption

You may be exempt from the job creation and business growth requirement if your eligible business:

• has implemented innovative practices that did not previously exist in the marketplace, or

• is located in Regional NSW and trades primarily in a Regional NSW target sector

Business investment

NSW will refuse your nomination application for a permanent visa (subclass 888) if during your provisional visa you have not a made a business investment of:

• $A500,000 – Sydney

• $A300,000 – Regional NSW

NSW is temporarily closed to new applications

We have now reached our interim allocation of places from the Australian Government. As such, we can no longer accept applications for for NSW nomination for the Business Innovation and Investment (Provisional) visa (subclass 188). 

Incomplete applications

You must submit a complete application, including all relevant evidence to support your eligibility claims when you apply to NSW.

Respond to requests for further information

If we require further information to assess your application:

• You will have two weeks to provide the requested information

• If you do not respond within two weeks, we may refuse your application

Do not ask for an update on your application

Please do not ask for an update on your application. 

Our application assessment team is also responsible for responding to enquiries. Unnecessary enquiries significantly slows down our application processing times.

Withdrawing your application

You can withdraw your application at any stage. Please Contact us to withdraw your application.

Providing false or misleading information

If you provide false or misleading information when you apply to NSW, you will be refused. NSW may also report you to Home Affairs to conduct their own investigation.

NSW conducts verification checks on many of the documents you provide.

Renomination

NSW will not renominate applicants where:

• You do not apply to Home Affairs for the visa within 60 days, or

• Your EOI was incorrect when NSW nominated you