Investor/ Retirement Visa

As the name implies the investment/retirement Visa was created to provide a special class of Australian immigration Visa to self-funded retirees.  With the retirement age around the world different from country to country a nominal age of 55 years or over is that apply to this Visa. Applicants should have no dependent children or family members other than their spouse, and they should be self-funded, able to support themselves in their retirement and able to make significant investments within Australia to support the retirement.

The applicant or applicants will require sponsorship from a participating Australian State or Territory government and will need to make a designated investment in that sponsor state or territory.

The size of the investment depends on where the applicant intends to settle with a reduced investment being required for applicants wishing to retire in a regional area of Australia.

Investment/retirement Visa eligibility criteria
The applicants must

• Be at least 55 years of age
• have the requisite Australian State or Territory government sponsorship
• have no dependent family members be children or family members, other than a spouse
• if married or in a de facto relationship, you or your partner must have no dependent children or other dependent family members.
• have assets that are being lawfully acquired and remain legally owned by the applicant, or the applicants which are capable of being transferred to Australia to the value of
  • no less than 500,000 where you have advised your State or Territory governments sponsoring your application that you intend to settle in a regional  or low growth area of Australia or-
  • no less than 750,000 where you have advised your State or Territory government sponsoring your application that you do not intend to live in a regional or local area of Australia instead intend to live in one of Australia's major cities or high growth areas.
• In addition to having the above-mentioned assets, you have a minmum net income stream (for example, the aviation fund or pension)  that can be accessed for yourself or yourself and your spouse of:
  • no less than $50,000 per year where you have advised your State or Territory sponsoring government body of your intention to settle in a regional or local area of Australia
  • no less than $65,000 per year where you have advised your State or Territory sponsoring government body that you did not intend to live in a regional or low growth area of Australia and instead intend to settle in a major city or high growth area.
• Must obtain and retain adequate health insurance cover for the entirety of their stay in Australia
• Must be in good health and be of good character

Reciprocal Health Care Agreement (RHCA) is entitled to emergency medical cover in Australia. RHCA countries include Finland, Italy, Malta, the Netherlands, Sweden and the United Kingdom.

This visa is granted for 4 years and is not a permanent visa and does not lead to Australian permanent residency or citizenship.  Multiple entries into Australia are permitted under this Visa. Applicants are permitted to work up to 40 hours per fortnight.