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Australia Immigration Changes to Investor Retirement visa subclass 405 & 410
November 2, 2018 | Posted by admin
Australia Immigration Changes to Investor Retirement visa subclass 405 & 410
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The Pathway to permanent residence for retirement visa holders announced by Australia Government as part of the 2018-19 Budget will commence on 17 November 2018. The new legislation will provide a new pathway for subclass 405 Investor Retirement and subclass 410 Retirement visa holders.

Investor Retirement visa (subclass 405)

Features

This temporary visa is for self-funded retirees who have no dependents and want to live in Australia during their retirement years.

Eligibility

You must:

  • be 55 years or older
  • be an existing Investor Retirement visa (subclass 405) holder, or
  • a former Investor Retirement visa (subclass 405) holder who has not held another substantive visa since last entering Australia.
  • have no dependents (other than a partner who is already the holder of or whose last substantive visa was a subclass 405)
  • have an income of AUD65,000 per year (or AUD50,000 if you wish to live in a regional area)
  • have a designated investment of AUD500,000 in Australia (or AUD250,000 if you wish to live in a regional area).

This is the only retirement visa. If you are not eligible for this visa, you might be eligible for a parent visa.

Length of stay

Four years

Cost

From AUD 340

410 Retirement

 

​This visa is closed to new applicants.​

Features

​The Retirement visa (subclass 410) is for retirees and their partners (if any) who want to spend some of their retirement years in Australia.

Requirements

You might be eligible to apply for this visa while you are in Australia or overseas if you are:

  • an existing Retirement visa (subclass 410) holder
  • a former Retirement visa (subclass 410) holder who has not held another substantive visa since last entering Australia
  • the partner of an existing Retirement visa holder or of a former Retirement visa holder who has not held another substantive visa since last entering Australia.

SOURCE: Australi Govt

 

Mr. Kalyan Paul, President & CEO is the founder of GVI, an MBA in Finance and also a Chartered Professional Accountant (CPA) and a Certified Management Accountant (CMA) from Canada. Mr. Paul has more than 18 years of experience in immigration consulting that made him one of the preferred & valued immigration consultants in the immigration industry. He is a licensed member of the College of Immigration and Citizenship Consultants (CICC) [Previously known as Immigration Consultants Of Canada Regulatory Council (ICCRC)] (Membership ID: R417119) which is a professional body of licensed immigration consultants recognized by Citizenship and Immigration Canada.

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