A gas lift module is designed for deployment within a tubing string in a well that has an annular space surrounding the gas lift module and tubing string. A gas lift valve within the gas lift module includes a valve seat, a valve stem configured to abut the valve seat when the gas lift valve is closed, and a variable orifice valve assembly. The variable orifice valve assembly has an orifice chamber, a variable orifice within the orifice chamber, and a retaining sleeve within the orifice chamber. The variable orifice includes a plurality of interconnected plates that are configured to expand or contract together to form a central aperture of varying size and an orifice spring. The retaining sleeve captures the variable orifice in a contracted state when the retaining sleeve is in contact with the variable orifice.