Queensland is a popular destination for retirees and welcomes people aged 55 or older who wish to live in Queensland during their retirement years and who are able to make a significant long term financial investment in Queensland.
If you wish to retire in Australia you may be eligible to apply for the Investor Retirement (Temporary) visa (subclass 405). This visa allows you to:
- work in Australia for up to 40 hours per fortnight
- travel in and out of Australia any number of times, as long as the visa is valid
- live in Australia for four years
- have your partner accompany you to Australia
- continue to renew your visa, in periods of four years, if you are eligible.
Please note: This visa will not lead to permanent residency. If you hold this visa and would like to extend your stay in Queensland, you can apply for a subsequent Investor Retirement (Temporary) visa (subclass 405) renewal.
Investor Retirement (Temporary) visa (subclass 405)
To be considered for Queensland nomination for this permanent residency visa, you must:
- meet the Australian Government’s Department of Home Affairs (DHA) criteria. Visit the DHA website for detailed information.
- reside in and invest in Queensland. Please visit Queensland Treasury Corporation for further information on designated investments and required amounts. Please note: Investment amount varies depending on your region of residency. The DHA considers Brisbane and surrounds, and the Gold Coast to be non-regional areas. All other parts of Queensland are considered regional. Please check the DHA criteria for further information.
Applying for Investor Retirement (subclass 405) visa renewals
As a holder of an Investor Retirement (subclass 405) visa, you may apply for a subsequent Investor Retirement visa nomination, up to 3 months before the designated investment maturity date, as long as you continue to meet the DHA and Queensland Investor Retirement visa criteria. To obtain Queensland State nomination for the Investor Retirement visa renewal, you must:
- declare you meet the DHA criteria
- provide evidence of maintaining a designated investment with Queensland Treasury Corporation Bonds for a period of four years
- provide a statement of your intention to reside in Queensland.
Step 1: Review your eligibility criteria, visa conditions and document checklist on the DHA website and the BSMQ website. Ensure you meet both the DHA criteria and BSMQ criteria, and have all your documentation prepared before you apply.
Step 2: You must first register your interest by clicking the ‘register now’ button below, in order to apply for the initial 405 visa. If you are applying for a renewal, please send an email to BSMQ (email@example.com) to request a renewal of your visa. You will also need to provide us your full name, date of birth and current visa subclass.
Step 3: You will then be asked to lodge the following documentation.
|Investor Retirement (subclass 405) visa||Investor Retirement (subclass 405) visa renewals|
|Application form (Queensland State Nomination) – Investor Retirement (subclass 405) visa|
|DHA Form 1249|
|Provide a copy of your Australian visa (if applicable)|
|A one page summary and supporting evidence of assets/investments (including designated investment)||Evidence of your overseas assets required||Evidence of your Australian assets required|
|Evidence of net annual income|
|Evidence of residency in Queensland, e.g. copies of either rates, electricity, phone notices etc.|
|Evidence that the previous designated investment was held for the full term|
Step 4: When you have uploaded your documents, you will be required to pay a non-refundable application fee to BSMQ, in order to finalise your application. BSMQ will review your application and may request further information.
Please note: you will be given 14 days to finalise your application from the date of invitation. If you are unable to provide the relevant information within this time frame, you must seek an extension from BSMQ. Applications not finalised within time frames will be closed and applicants will need to withdraw and register a new application.
Step 5: Once your completed BSMQ application is received and approved, you will receive a signed copy of the DHA Form 1249 by email to lodge with your visa application. You will be given 12 months to lodge your application with the DHA, however you must lodge your DHA application before your visa expires.