How is Parent Retirement Resident Visa Different from Other Resident Visas
Parent retirement resident visa is for individuals who have no dependent children and at least one adult child is a permanent resident in New Zealand. This type of visa is beneficial for the country’s economy. An applicant must have an annual income of at least NZ $60,000. Also, the applicant needs to have access to NZ $1 million+ to invest over the next four years.
In addition, you need to have an additional NZ$500,000 to use for settling in New Zealand.
How To Apply for the Parent Retirement Resident Visa?
Applying for the parent retirement resident visa is not always straightforward. New Start NZ immigration adviser in New Zealand are specialists and can provide you with sound advice to apply for the visa and make your resettlement in New Zealand as smooth as possible. Have queries related to the parent retirement resident visa, feel free to contact us!
(Due to COVID-19, EOI selections have been suspended until further notice)
This category reopened in Feb 2020, after being closed for 3 years. Adult children with residence or citizenship can sponsor their parents to become residents given they meet the income threshold for 2 out of the 3 years before the visa application is submitted. Contact us for more details on the income threshold.
If you have an adult child who is a New Zealand citizen or resident and is willing to sponsor you, you can apply to live here permanently. Applicants must have an annual income of NZ$60,000, plus NZ$1 million to invest over 4 years, and another NZ$500,000 to live on. Successful applicants will become eligible for permanent residence after 4 years. Applicants may include their partner in this application.
This option allows a temporary stay in New Zealand on a visitor visa for up to 2 years. To be eligible, the applicant must be 66 or above, have NZ $750,000 to invest in New Zealand for 2 years, another NZ $500,000 to live on, and an annual income of NZ $60,000. Partners can be included in this application, but not children.