Investor Retirement Visa (Subclass 405)

To be eligible for this visa, you must:

1. Be 55 or older.
2. Have no dependant children or any other dependant family members (other than your partner, if any);be sponsored by an Australian state / territory government.
3. If you plan to live in non-regional Australia (in NSW, this includes Sydney, Newcastle, the Central Coast and Wollongong), have assets of at least AUD$ 750 000 capable of transfer to Australia. If you plan to live in regional Australia, you must AUD$500 000 in assets live in non-regional Australia.
4. Make a “Designated Investment” (see below) of AUD$750 000 if you plan to live in non-regional Australia, and AUD$500 000 if you plan to live in regional Australia.
5. You partner must, or you and your partner combined must, have access to a minimum net income of AUD$65 000 per year if you intend to live in non-regional Australia, or AUD$50 000 per year if you intend to live in regional Australia (e.g. pensions, returns on financial products).
6. Have evidence that you and your partner hold an adequate health insurance package for the period of your intended stay in Australia.
7. Meet health and character checks.

Designated Investment

The funds you own must be invested in a designed investment (e.g. government bonds) in the state or territory which has sponsored you.  Your designated investment must be maintained for the duration of your Investor Retirement Visa.

The amount of the designated investment decreases by AUD$250 000 the first time you reapply for the visa and then remains constant thereafter.

For example, if you apply to live in:

1. Non-regional Australia, you must make a designated investment of AUD$750 000, and then if you reapply for your Investor Retirement visa, a designated investment of AUD$500 000 must be made and maintained
2. Regional Australia, you must make a designated investment of AUD$500 000, and then if you reapply for your Investor Retirement visa, a designated investment of AUD$250 000 must be made and maintained.

All future applications after you first designated investment will remain at this amount (i.e. AUD 500 000 for non-regional investments, and AUD 250 000 for regional investments).

Since the repeal of the 405 visa, many have been left wondering about their options for residency in Australia. Though nobody likes uncertainty, there is no need to worry. There are various alternatives to the 405 visa, ensuring everyone still has their chance of residence. If you are concerned about the 405 visa, contact The Immigration Lawyers to learn how to transition to other visa types. 

Permanent Residency Pathways for Former 405 Visa Holders 

If you are a former 405 visa holder, there are several options worth exploring. Options, such as a family-sponsored visa, investment visa, or skilled migration visa, are all ways in which you can eventually secure permanent residency and, eventually, Australian citizenship. Depending on your specific circumstances, your best pathway will vary. The Immigration Lawyers are here to provide the guidance and support you need to find the best alternative to the 405 visa. 

Extensions and Transition Options 

While an extension after the visa repeal isn’t going to happen, there are alternative options that 405 visa holders can transition to. It is essential to discuss your options with a professional to avoid needing to apply for a visitor visa (subclass 600) and starting again. The Immigration Lawyers will provide all the information you need to ensure you can remain in Australia while looking into long-term solutions. Once we assess the necessary factors through a comprehensive consultation, we will be able to support you through this transition and find the best alternative to the 405 visa. 

Every member of The Immigration Lawyers team is highly qualified and experienced in their specialist area. We can help you every step of the way when finding an alternative to the 405 visa. From an initial consultation to helping you prepare all necessary documentation, we are here to help. 

We offer all our prospective clients an initial meeting, during which we will thoroughly explain the law surrounding this visa to you and inform you of the process moving forward.

To organise an initial consultation with us, please contact one of our experienced immigration lawyers on (02) 9590 3987.

Can I stay in Australia with a 405 Visa? 

Unfortunately, the 405 visa is no longer available. However, there are several alternatives that will be able to provide you with a solution. 

What alternatives exist for 405 visa holders to obtain permanent residency? 

Several alternatives can lead to permanent residency, such as investment, skilled migration, and family-sponsored visas. 

How can The Immigration Lawyers assist former 405 visa holders? 

We work closely with clients to help them prepare applications, provide advice, and support them throughout the entire transition.