INVESTOR RETIREMENT VISA
For retirees who want to live in Australia without working.
Investor Retirement Visa (Subclass 405)
Introduction: Welcome to Flyworld Migration, your trusted partner in navigating the intricacies of Australian migration. The Investor Retirement Visa (Subclass 405) is a temporary visa designed for self-funded retirees who wish to spend their retirement years in Australia.
Overview: The Subclass 405 visa is suitable for retirees who do not intend to work or study in Australia and who have the financial means to support themselves without relying on Australian government assistance. It offers a pathway for eligible retirees to enjoy their retirement in Australia while also contributing to the local economy through their investments and spending.
Benefits
- Temporary residency in Australia for up to four years and three months.
- Opportunity to reside in Australia for up to four years with the option to renew the visa thereafter.
- Freedom to travel in and out of Australia multiple times during the visa validity period.
- Access to Australia's world-class healthcare system.
- Enjoyment of Australia's lifestyle, culture, and natural beauty.
Eligibility
- Eligibility criteria for the Investor Retirement Visa (Subclass 405) include:
- Being at least 55 years of age (there is no maximum age limit).
- Having no dependent children or other dependent family members, except for a partner who meets the age requirement.
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Meeting the financial requirements, including:
- Demonstrating access to a minimum net income or assets threshold (as specified by the Department of Home Affairs) to support oneself during the stay in Australia.
- Making a designated investment in Australia, usually in government bonds, state or territory bonds, or managed funds.
- Having health insurance coverage in Australia for the duration of the stay.
Requirements
- Requirements for the Subclass 405 visa include:
- Submission of evidence demonstrating the ability to meet the financial requirements, including providing bank statements, investment details, and other financial documents.
- Providing evidence of health insurance coverage in Australia.
- Meeting health and character clearance requirements.
- Agreeing to comply with visa conditions, including not working or studying in Australia.
How to Apply:
- Ensure that you meet the eligibility criteria, including the age requirement and financial thresholds.
- Gather all necessary documents, including proof of age, financial resources, health insurance, and character documents.
- Complete the visa application form and attach required documents.
- Lodge the visa application online through the Department of Home Affairs' online portal.
- Pay the visa application fee.
- Await visa decision from the Department of Home Affairs.
- Processing Time: Processing times for the Investor Retirement Visa (Subclass 405) vary depending on various factors such as the volume of applications and individual circumstances. Generally, processing times range from a few months to several months.
- Cost: The cost of applying for the Investor Retirement Visa (Subclass 405) varies depending on factors such as the number of applicants and whether the applicant includes family members. As of [current date], the visa application fee starts from AUD $4,155.
- At Flyworld Migration, we understand the unique needs of retirees seeking to spend their retirement years in Australia. Contact us today for expert guidance and assistance throughout the application process for the Subclass 405 visa!
UAE
Bur Juman, Business Tower – Level
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