Australia Investor Retirement Visa Subclass 405 provides an opportunity to the self-funded retirees to reside in Australia during their retirement years. This is a temporary visa program allows retirees to live and work in Australia. Retires who have no dependents (except partner) are eligible to apply for this visa. This Australia 405 visa program is for people who are above 55 years, have no dependants and are financially supported.
Note: This visa is closed to new applications.
Investor Retirement Visa Subclass 405 requirements
You must be 55 years of age or above.
You or your partner should not have any accompanying dependent children or family members.
You need to be sponsored by Australian state or territory Government (except Australian Capital Territory).
You should clear all the outstanding debts to an Australian Government (if any) before filing the visa application.
You should meet all the health and character requirements.
You or your partner (or combined) must have done an investment of at least AUD 750,000 in the state or territory where you have been sponsored.
You or your partner (or combined) must have the minimum income of AUD 650 000 per year.