Investor Retirement Visa

 

The Australia temporary residence program includes a category for those wanting to live in Australia in retirement.

A
Retirement Visa allows retirees to spend some of their retirement years in Australia.

You may apply for an investor Retirement Visa if you meet the following criteria:

  • are 55 years of age or older
  • are sponsored by an Australian State or Territory Government agency
  • There must be no other dependants except a spouse;
  • have a minimum assets legally owned and lawfully acquired by yourself, or yourself and your spouse, capable of and available to transfer to Australia of:
    • A$500,000 if you have indicated to your sponsoring state or territory government agency that you intend to live in a regional/low growth area of Australia; OR
    • A$750,000 if you have indicated to your sponsoring state or territory government agency that you do not intend to live in a regional/low growth area of Australia
  • have a minimum net income stream (for example, pension rights) that can be accessed for yourself or yourself and your spouse of:
    • A$50,000 annually if you have indicated to your sponsoring state or territory government agency that you intend to live in regional/low growth area of Australia
    • A$65,000 annually if you have indicated to your sponsoring state or territory government agency that you do not intend to live in a regional/low growth area of Australia
  • are able to make a minimum designated investment of:
    • A$500,000 in your name or your name and your spouse name if you have indicated to your sponsoring state or territory government agency that you intend to live in regional/low growth area of Australia
    • A$750,000 in your name or your name and your spouse name if you have indicated to your sponsoring state or territory government agency that you do not intend to live in regional/low growth area of Australia
  • you must have held all of the assists listed above for 2 years prior to lodging your application, unless the assists are related to superannuation and/or inheritance
  • You and your spouse must hold  private health insurance as acceptable to the Minister for the duration of their visa;
  • Limited work rights of no more than 20 hours a week; and
  • Initial and further stay period of 4 years.