Australia•Oceania

Open

405 — Investor Retirement visa

Work Dependents Allowed

At a Glance

Processing Time

Varies

Estimated Cost

AUD $13,625

Stay Duration

4 years

Renewable

Renewal

Renewable

Family

Dependents allowed

PR Pathway

None

Sponsor

No job offer needed

Work

Remote not required

Official Information

Living in Australia

Cost of Living

2% more than United States

Avg SalaryA$73,000

Quality of Life

187/200

Full Country Guide

Overview

Closed-to-new-applicants 4-year renewable retirement visa for self-funded retirees aged 55+ with a designated investment of at least AUD 500,000 and state or territory sponsorship.

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.

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Cost Breakdown

Base application chargeAUD $635

Second instalment (payable before visa grant, per applicant)AUD $12,990

TotalAUD $13,625

Stay & Extensions

Initial grant

4 years

Conversion Paths

Visas you can typically switch to from this status.

Australia

103 — Parent Visa

ValidityPermanently

Processing0 days

View Visa Details

Australia

143 — Contributory Parent Visa

ValidityPermanent

Processing0 days

View Visa Details

Requirements

PUBLISHED REQUIREMENTS

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).

KEY CRITERIA

Min. Income

50,000 AUD/yr

Investment

250,000 AUD

Min. Savings

500,000 AUD

REQUIRED DOCUMENTS

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.

Advantages & Considerations

Key Benefits

Allows temporary residency for up to four years with the option to renew.
Allows multiple entries and exits from Australia.
Provides access to Australia's lifestyle and environment for retirees.
Allows a partner to accompany the applicant.

Worth Knowing

Closed to new applicants; only existing/former holders can apply.
Work rights are strictly limited (up to 40 hours per fortnight).
Requires a significant designated investment that cannot be withdrawn for the duration of the visa.
Does not lead to permanent residency.

Application Process

Apply for state or territory government nomination/sponsorship.

Once nominated, prepare Form 1383 and supporting documents.

Lodge the application with the Department of Home Affairs.

Make the required designated investment with the relevant state/territory treasury corporation.

Complete health and character checks when requested.

Application Forms

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