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This is a temporary, four year visa for people who are able to support themselves, have significant personal assets and are able to make a long term financial investment in Australia. If retirees continue to satisfy the minimum requirements they can extend their stay in Australia for four years at a time. How we can help: We can advise with regard to whether or not this type of visa is appropriate. Once this has been established we can handle every aspect of the application process, with a view to making it as streamlined and stress-free as possible. This will include preparation of the relevant application forms, collation of the required supporting documentation and liaison with the authorities. Please contact Dominic Higgins or click here for full contact information. |
Further information on the Investor Retirement visa:
The main criteria are:
Age
- 55 years of age or older. There is no minimum age requirement for a spouse.
Sponsor
- Sponsorship by an Australian State or Territory government agency is required (except for the Australian Capital Territory, which does not provide sponsorship).
Family
- Other than a spouse, the applicant cannot have dependent children or family members (whether they are planning to accompany the applicant or not).
- The applicant's partner must have no dependent children or family members.
In addition to the criteria above, all of the following financial criteria must be met:
Assets
- The applicant must have assets valued at a minimum of A$750,000 to enable them (and their spouse) to meet the cost of settling and living in Australia (A$500,000 for applicants intending to live in regional Australia). There are also further requirements in relation to these assets.
Income
- The applicant must have access to a minimum net income of A$65,000 (from a pension, for example). (A$50,000 for applicants intending to live in a regional area).
Designated Investment
- The applicant must be able to make a designated investment of A$750,000 in their name in the State where they are sponsored (A$500,000 for regional Australia).
This visa allows work for up to 20 hours per week. The visa can be extended indefinitely every four years. It is not possible to then apply for permanent residence.
Last updated August 2011
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ASG Immigration is registered with the Office of the Immigration Services Commissioner. |
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