If you are granted this visa you can:
- work in Australia for up to 20 hours per week;
- travel in and out of Australia any number of times as long as your visa is valid;
- live in Australia for four (4) years;
- have your partner accompany you to Australia.
Visa Validity Period
The Investor retirement visa is a temporary visa that allows you to stay in Australia for four years. There is an option to apply for further Investor retirement visas which will allow you to stay for a further four years, however you will need to meet the requirements to be granted a subsequent visa. As long as you continue to satisfy the visa requirements you can keep applying for subsequent Investor Retirement visas.
Applying for a further Investor Retirement visa
You may apply for one or more further Investor Retirement Visas if you meet the following requirements:
- You hold or have held an Investor Retirement visa.
- You must be endorsed by an Australian state or territory government agency other than the ACT.
- You or your partner must have no dependent children or other dependent family members other than a partner.
- You need to have a minimum net income stream (for example, a pension) that can be accessed for yourself or yourself and your partner. If you live in a metropolitan area the minimum is AUD65 000 or if you live in a regional area, the minimum is AUD50 000.
- You are able to make or maintain a designated investment in your name or your name and your partner’s name, in the state or territory in which you have been endorsed. If you live in a regional area you need to invest a minimum of AUD250 000, and if you live in a metropolitan area you need to invest a minimum of AUD500 000.
- You have evidence that you and your partner, if applicable, have held and continue to hold adequate health insurance.
- You and your partner, if applicable, will only be able to work up to 20 hours per week while in Australia.
- You and your partner are of good health. You and your partner will not be required to undergo health screening including medical and x-ray, unless you have either:
- traveled for three months or more to a country where tuberculosis is a high risk, or
- had exposure to other public health risk conditions even if you have not traveled outside Australia.
If tuberculosis or a public health risk condition is identified, medical treatment rather than visa refusal will be the likely outcome.
- You and your partner are of good character. You must be of good character to enter Australia. Investor Retirement visa renewal applicants will be required to lodge an up to date Australian Federal Police clearance. They are also required to lodge a renewed Overseas Police clearance from each country where applicants have lived for a cumulative period of 12 months or more in the last 10 years.
- You have maintained the Designated Investment associated with your previous Investor Retirement visa for the period of that investment.
Do You Qualify for a Retirement Visa?
If you would like to discuss your eligibility for a Retirement Visa, contact us.