Parent Retirement Resident Visa NZ

You must invest a minimum of NZ $1 million in acceptable investments in New Zealand for 4 years. Additionally, you need NZ $500,000 in settlement funds and an annual income of NZ $60,000.

Yes, you can include your partner in your Parent Retirement Resident Visa application. Your partner must also meet the identity, health, and character requirements. The financial requirements (investment, settlement funds, and income) can be met jointly.

The processing time for approval in principle is up to 37 months (80% of applications are processed within this timeframe). Once approved in principle, you have 12 months to transfer your investment funds to New Zealand.

Immigration New Zealand cannot extend the 12-month timeframe for transferring and investing your funds. If you cannot meet this deadline, your approval in principle will lapse, and you would need to reapply.

Acceptable investments include New Zealand government bonds, investment-grade corporate bonds, shares listed on the NZ stock exchange, bank deposits with registered banks, and approved managed investment schemes. All investments must benefit New Zealand’s economy.

Yes, the Parent Retirement Resident Visa gives you full rights to live, work, and study in New Zealand indefinitely. You can choose to work if you wish, but it’s not required.

Your child must maintain their New Zealand citizenship or residency status throughout your application process. If your child’s status changes, it could affect your eligibility for this visa.

No, you must have no dependent children to qualify for the Parent Retirement Resident Visa. Having dependent children will make you ineligible for this particular visa category.

During the first 2 years of your 4-year investment period, you can travel in and out of New Zealand freely. However, you must maintain your investments and may need to show evidence of your commitment to New Zealand at the 2-year and 4-year marks.

You can apply for permanent residence after maintaining your investment in New Zealand for 4 years. This removes the need to maintain investments and gives you full permanent resident status.

You must be in good health and provide a chest X-ray and general medical examination. If you’ve submitted these documents for another visa application within the last 36 months, you may not need to resubmit them.

You must be of good character and provide police certificates from all countries you’re a citizen of, and any country where you’ve lived for 12 months or more in the last 10 years. Certificates must be less than 6 months old when you apply.