Australian Migration

The Investor Retirement Visa category is designed for retired people who have significant assets and who want to spend some of their retirement years in Australia.

Applicants for the Investor Retirement Visa must be financially self-sufficient so that their existence in Australia will be at no cost to the Australian taxpayer. Holders of the Investor Retirement Visa do not have access to any social welfare services in Australia and must have Private Health Insurance for the duration of their stay in Australia. Investor Retirement Visa holders are entitled to work in Australia for up to 20 hours per week.

Duration

Migrating to Australia via the Investor Retirement Visa provides the successful applicant with a temporary visa which is valid for four years. The Investor Retirement Visa does not lead to permanent residency in Australia (or to Australian citizenship), however an Investor Retirement Visa holder may apply for subsequent four year periods after the expiry of the current visa.

Eligibility Criteria

To be eligible for the new Investor Retirement visa, the main applicant must:

- Have State or Territory government sponsorship (please note that New South Wales and the Australian Capital Territory are not participating in the sponsorship of Investor Retirement Visa applicants);

- Make an investment in a government treasury bond in that State or Territory;

- Have sufficient assets to ensure they can support themselves in Australia, and;

- Maintain private health insurance for the duration of their visa.

Age

The main applicant wanting to migrate to Australia under the Investor Retirement Visa must be at least 55 years of age. There is no age restriction on the spouse of the main applicant.

Relationship

Investor Retirement Visa applicants must have no dependents (other than a spouse).