Overview
The Investor Retirement visa (subclass 405) is designed for self-funded retirees who wish to live in Australia during their retirement years. This visa allows retirees to spend their golden years in Australia, provided they have no dependents and can make a significant long-term financial investment in the country. The visa aims to benefit the Australian economy without placing a burden on the country’s social welfare system. Applicants must demonstrate they have sufficient assets and income to support themselves, maintain adequate health insurance, and invest in a designated investment in Australia. This visa is temporary and does not lead to permanent residency or citizenship.
Key Features
- Temporary visa for self-funded retirees.
- Requires a significant financial investment in Australia.
- Does not lead to permanent residency or citizenship.
- Applicants must be 55 years or older, without dependents.
Eligibility Criteria
- Age 55 years or older.
- No dependents (except for a partner).
- Able to make a significant financial investment in Australia.
- Sufficient assets to support oneself.
- Comprehensive health insurance in Australia.
Duration to Stay
This visa allows for a four-year stay in Australia. It can be renewed every four years, provided the visa holder continues to meet the eligibility criteria.
Travel Component
Visa holders can travel to and from Australia for the duration of the visa.
Family Inclusion
Only a partner can be included in the application. No other dependents are allowed.
Costs
The costs for the Investor Retirement visa (subclass 405) include the visa application charge, designated investment, and other related expenses such as health insurance and living costs.
Application Process
- Ensure eligibility.
- Gather required documents.
- Make the designated investment.
- Apply for the visa.
- Await decision.
Processing Time
Processing times can vary. Applicants should prepare for a potentially lengthy process, as individual circumstances and application volumes can affect timing.
Visa Condition
Visa holders must adhere to all visa conditions, including maintaining their investment, health insurance, and not becoming a burden on Australia’s social welfare system.
Holistic Migration Solution’s Role
Holistic Migration Solution simplifies the complex process of applying for the Investor Retirement visa (subclass 405) and other migration services. Our experienced migration agents in Australia provide personalized visa services, ensuring a smooth and hassle-free application process. We guide you through each step, from assessing eligibility to submitting a thorough application, leveraging our expertise to enhance your chances of a successful visa outcome. Trust us to navigate the intricacies of immigration policies and regulations, making your dream of retiring in Australia a reality.
Disclaimer
This content is a general guide and not specific legal advice. For the most current and detailed information, please refer to the official Australian Government website for Investor Retirement visa (subclass 405).
