Category: Retirement Visa
Overview: The Australia Investor Retirement Visa (subclass 405) allowed self-funded retirees aged 55+ to live in Australia. It was closed to new applications on 1 July 2018; only existing visa holders can apply for subsequent visas.
Eligibility: For existing holders: aged 55+, no dependents (except spouse), hold sufficient funds for support, and maintain a designated investment in Australia. Not open to new applicants.
Processing Time: ~120 days
Visa Duration: 48 months
Renewable: Yes
Work Authorisation: Not permitted
Remote Work Allowed: No
Dependants Allowed: No
Path to Residency: No
Path to Citizenship: No
Sponsor Required: No
Official Government Page: https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/investor-retirement-405
Summary: The Australian Investor Retirement Visa (subclass 405), now closed to new applicants, allowed self-funded retirees to live in Australia, requiring substantial investment and demonstrating financial capacity.