Investor Retirement visa (subclass 405)
The Australian Investor Retirement visa (Subclass 405) is a temporary visa designed for self-funded retirees with no dependents who wish to enjoy their retirement years in Australia. This visa offers a range of benefits and opportunities for retirees.
The Investor Retirement visa (Subclass 405) allows retirees to:
Work in Australia for up to 40 hours per fortnight.
Travel to and remain in Australia for four years from the date the visa is granted. After this period, retirees will need to apply for another visa.
Have their partner, who has also been granted this visa, accompany them to Australia.
The application fee for the Investor Retirement visa (Subclass 405) is AUD 480. In addition, there is a second visa application charge that must be paid for each applicant before the visa is granted or renewed. Additional costs may apply for:
Additional applicants aged 18 and over.
Additional applicants under the age of 18.
Other costs, such as health assessments, police certificates, and other certificates or tests, may also be applicable, and applicants are responsible for making the necessary arrangements.
There are no specific conditions attached to the Investor Retirement visa (Subclass 405).
The processing time for the Investor Retirement visa (Subclass 405) may vary, and applicants are encouraged to check with the Australian government for the most up-to-date processing time information.
To be eligible for the Investor Retirement visa (Subclass 405), you must meet the following criteria:
Hold an existing Investor Retirement visa (Subclass 405) or have been a former holder who has not held another substantive visa since last entering Australia.
Frequently Asked Questions
No, there is no specific minimum age requirement for the Investor Retirement visa (Subclass 405).
Yes, you can include your partner in the application, and they will be granted the same visa to accompany you in Australia.
If your financial situation changes significantly, it is important to stay updated with the Australian government’s requirements and regulations to ensure that you continue to meet the visa criteria.
No, the Investor Retirement visa (Subclass 405) allows you to work for up to 40 hours per fortnight.
Yes, you and your partner must hold an adequate health insurance package for the duration of your stay in Australia. The insurance should be fully comprehensive, equivalent to Medicare, and provide coverage for pharmaceuticals.
Yes, you can apply for another visa after the Investor Retirement visa (Subclass 405) expires, provided you meet the necessary requirements.
Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).