Australia•OceaniaVaries
13,495 AUD
4 years
Yes
Not Required
Allowed
No
Not Required
The Australian Investor Retirement visa (subclass 405) is for self-funded retirees aged 55 or older with no dependent children. Closed to new applicants, it is available only to existing or former holders. Applicants need state or territory government sponsorship and a designated investment of at least AUD 500,000.
The visa grants a 4-year renewable stay with multiple-entry rights. Work is capped at 40 hours per fortnight. A partner may accompany the holder. The visa does not lead to permanent residency, though holders who held it on 8 May 2018 may access a PR pathway via a parent visa.
This visa is ideal for wealthy retirees aged 55+ seeking long-term residence in Australia who can sustain a substantial state or territory bond investment.
Base application charge | 505 AUD |
Second instalment (payable before visa grant, per applicant) | 12,990 AUD |
| Initial grant | 4 years |
Visas you can typically switch to from this status.
Must be 55 years of age or older.
Must have no dependent children (only a partner is permitted).
Must meet specific financial requirements (minimum net income and designated investment).
Must be sponsored by an Australian state or territory government.
Must have adequate health insurance for the duration of the stay.
Must meet health and character requirements.
Note: This visa is closed to new applicants (only available to existing or former holders).
Education
none or higher
Min. Income
50,000 EUR/yr
Investment
250,000 EUR
Min. Savings
500,000 EUR
Form 1383 (Application for temporary visa retirees).
Form 1249 (State/Territory sponsorship).
Evidence of age (birth certificate/passport).
Proof of financial assets and income (bank statements, investment details).
Evidence of health insurance coverage.
Police certificates for character assessment.
| 1383 | — |
| 1383 Application for a temporary visa for retirees | — |
| 1383 | Fill online |
| 1249 | — |
| 1249 State/territory sponsorship Investor Retirement visa | — |
| 1249 | Fill online |
| 1383 | — |
| 1383 Application for a temporary visa for retirees | — |
| 1383 | Fill online |
| 1249 | — |
| 1249 State/territory sponsorship Investor Retirement visa | — |
| 1249 | Fill online |
| 1383 | — |
| 1383 Application for a temporary visa for retirees | — |
| 1383 | Fill online |
| 1249 | — |
| 1249 State/territory sponsorship Investor Retirement visa | — |
| 1249 | Fill online |
| Application Steps | Apply for state or territory government nomination/sponsorship.; Once nominated, prepare Form 1383 a… | immi.homeaffairs.gov.au |
| Dependent Visa | Partner can accompany if they also hold the visa | immi.homeaffairs.gov.au |
| Fee Breakdown | Base application charge: 505 AUD; Second instalment (payable before visa grant, per applicant): 1299… | immi.homeaffairs.gov.au |
| Fees | AUD 505.00 base application charge, plus a second instalment of AUD 12,990.00 per applicant payable … | immi.homeaffairs.gov.au |
| Forms | Form 1383; Form 1249 | immi.homeaffairs.gov.au |
| Forms · 1249 · description | State/territory sponsorship Investor Retirement visa | immi.homeaffairs.gov.au |
| Forms · 1249 · name | 1249 | immi.homeaffairs.gov.au |
| Forms · 1249 · url | https://immi.homeaffairs.gov.au/form-listing/forms/1249.pdf | immi.homeaffairs.gov.au |
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