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Parent Retirement Resident Visa for NZ

New Zealand’s Parent Retirement Resident Visa offers an opportunity for retirees to join their children who are permanent residents or citizens in the country. It requires you to meet the financial requirements, health criteria, or sponsorship obligations to be eligible.

If you need help in understanding how to apply for a visa and the cost involved. Speak to an immigration attorney, our lawyers at Total Law have extensive knowledge on immigration matters. Contact our team today at 0333 305 9375 or message us online.

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    Overview, Parent Retirement Resident Visa For New Zealand

    New Zealand is an attractive place for retirees looking to settle down thanks to its wonderful scenery, good quality of life and top notch healthcare facilities. If you wish to live out your retirement years in New Zealand, you can apply for the Parent Retirement Resident Visa, it allows parents of New Zealand citizens or residents to live there indefinitely.

    The visa is considered a long stay visa, which means if your application is successful, you will be able to stay in New Zealand for as long as you want.

    If you want to apply, the following criteria must be met, you must be the parent of a current citizen or resident of New Zealand. Be of good health and character, have a decent income, or be able to invest in the country.

    If you also meet one of the following requirements, you can apply:

    • Have a guaranteed income of at least NZ$60,000 per year before tax is deducted.
    • Be able to invest at least NZ$1 million in New Zealand over four years.
    • Be sponsored by your adult child who meets the income requirements.

    You will also need to provide proof you are related to your adult child who already lives in New Zealand. If sponsored, provide proof that they can support you financially.

    The visa is initially granted for 2 years but can be renewed and lead to permanent residency after 4 years of continuing to fulfill the conditions of the visa.

    This offers benefits including;

    • Allow you full access to use the public health system.
    • Allow you full access to New Zealand’s pension scheme.

    If you need guidance on whether you qualify for the Parent Retirement Visas, the immigration lawyers at Total Law can help. Don’t hesitate to get in touch so we can answer any questions you might have. Contact our team at 0333 305 9375 or connect online.

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    Parent Retirement Resident Visa Requirements

    To qualify for the Parent Retirement Resident Visa you must be the legal parent or guardian of the child who is already a citizen or resident of New Zealand.

    You must also must fulfill these requirements:

    • Be at least 65 years old at the time you submit an application.
    • Be able to prove your identity by providing a valid passport, or birth certificate.
    • Be in good health with valid health insurance covering public and private hospital treatment while you are in New Zealand.
    • Be of good character with no criminal convictions or previous immigration issues.
    • You’ll need to provide evidence of your relationship to your partner, if one is part of the application.

    Or meet one of the financial requirements:

    • Have a guaranteed annual income of NZ$60,000 or more before deductions.
    • Be able to invest NZ$1 million in New Zealand for at least 4 years.
    • Be sponsored by your child who meets a higher income threshold.

    It is important to note, to showcase you have enough money to support yourself financially while living in New Zealand under this visa category.

    You must have a stable income or substantial savings that can cover all of your living expenses without relying on any funds from the authorities.

    Documents Required To Apply

    Before starting your application, you must prepare the following documents. If applicable, you’ll also need to have the passport, marriage and birth certificate of your partner.

    You will also need to fulfill the following;

    • Valid passport, it must have at least 6 months validity left beyond your intended stay.
    • Two recent passport-size photographs that meet immigration requirements.
    • A police certificate from where you’ve resided for more than 12 months.
    • Medical certificates completed by an approved medical practitioner.
    • Marriage certificate, birth certificate to prove your relationship to your child:
    • Good character references from a reputable person.

    In addition to the general requirements you must also consider the financial requirements when applying for the Parent Retirement Resident Visas. You may have to submit documents including recent bank statements, tax returns, or an employment contract proving you have an annual income exceeding NZ$60,000.

    If you are wanting to invest in New Zealand, you’ll need to provide proof you can invest at least NZ$1 million in New Zealand over four years.

    This evidence must be provided from either a chartered accountant or solicitor, the documents must show your full name, the investment amount in NZD, the date you started your investment, and type of investment. They also need to show the names of any organizations you have invested in and the number of shares or bonds you own.

    If you are being sponsored by your child, they must provide proof of their income. Their income must exceed NZ$135,000 before any deductions are made.

    Financial Requirements And Sponsorship

    Overview

    To qualify for a Parent Retirement Resident Visa, all applicants must demonstrate they have enough funds to support themselves in New Zealand before applying.

    You can achieve this through providing:

    1. Your Income:
    • You must have a pre-tax annual income of NZ$60,000 or more.
    • Provide evidence such as payslips for the past 6 months, tax returns for the past 2 years. And bank statements showing you have consistent income.
    1. Investment:
    • Invest NZ$1 million in New Zealand for at least 4 years.

    Sponsorship

    Another option you have, is your child who is a New Zealand citizen or resident can sponsor you. They must have a pre-tax annual income of NZ$135,000 or more.

    They must provide their latest financial statements demonstrating their income. And a signed declaration of sponsorship outlining their commitment to support you.

    Regardless of your chosen option, you’ll still need to provide documentation demonstrating your financial capacity. This includes:

    • Bank statements covering the past 6 months or longer.
    • Tax returns for the past 2 years, if applicable.
    • Investment documentation, if you choose the investment option.
    • Employment contracts or payslips
    • Pension statements

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      Parent Retirement Resident Visa Application Process and Costs Involved

      To apply for a Parent Retirement Resident Visa to come to New Zealand, follow these steps.

      Step 1: Gather Your Documents:

      Before starting your application, gather the necessary documents. These will vary depending on your specific situation, they typically include a valid passport and two recently taken passport photographs. The documents also include:

      • Police certificates from the country you’ve resided in for more than 12 months.
      • Medical certificates completed by approved practitioners within six months of application.
      • Proof of relationship to your New Zealand child (marriage certificate, birth certificate).
      • Evidence of good character such as references.

      The financial documents you will need to gather will depend on how you’ve applied, they typically include one of the following;

      • Bank statements, tax returns, employment contracts showing you have at least NZ$60,000+ annual income before any deductions.
      • Investment agreements, bank statements verifying you are able to invest NZ$1 million in New Zealand for 4 years.
      • Your sponsor’s financial statements (income above NZ$135,000 before any deductions), and declaration of sponsorship.

      Step 2: Complete the Application Form:

      The visa can be applied for either online or via a paper application.

      Either way you’ll need to visit the Immigration New Zealand website and create an account. Enter your email address and create a username and password.

      Once done, carefully complete the form making sure that you provide accurate information. To avoid any delays, making sure to answer the questions truthfully is vital.

      Step 3: Submit Your Application and Pay Fees:

      Once you’ve completed the form and uploaded your documents, you will need to pay the visa application fee, which is currently between NZ$211 to NZ$300, depending on where you are applying from.

      In addition to the standard visa fee, there are several other fees that you should be aware of, these include fees for, these include;

      • Paying for priority processing of your application
      • If applicable, any additional medical certificates.
      • Your partner’s application.

      Step 4: Wait for a Decision:

      You can expect to wait approximately 2-3 months for it to be processed, it could take even longer if delays occur. If you wish to speed up the process you can opt for priority processing (additional fee is required) and you will receive a response within 5 working days.

      Once it is processed, immigration New Zealand will contact you regarding their decision and advise if there are any further requirements.

      If successful, you will be notified of where and when to pick it up.

      Conditions and Duration of Stay

      The parent retirement resident visa does come with some conditions that all applicants must ensure they adhere to. Typically, during the first 2-years, traveling outside New Zealand is permitted, but you must apply for permission to leave the country.

      During this time, you must continue to ensure you have valid health insurance. It must cover both public and private hospital treatment in New Zealand. You must also uphold good character, which means not getting into trouble with the law, and not criminal convictions.

      The same applies to immigration breaches. If you break any of the rules of the visa it can be revoked or it could result in you being fined. Another important condition of the visa, you need to make sure you report any changes in your address, contact information, and importantly, your financial situation to Immigration New Zealand.

      Other limitations include:

      • You are generally not allowed to work under the PRR visa. However, you can take on voluntary work, and some self-employment might be ok, but under specific conditions.
      • You can not engage in any type of business activity, including owning or managing a company in New Zealand.
      • If sponsored by your child, they must be able to continue to support you.

      After meeting all the visa conditions for 4-years or more, you can apply for permanent residence in New Zealand, and this will offer many things, including freedom from investment, income requirements and any travel restrictions.

      If you fail to comply with any of the conditions outlined above, it could potentially lead to your visa being canceled and could potentially lead to you being deported.

      How Total Law Can Help You

      Applying for New Zealand’s Retirement Visa can be complex. It has stringent eligibility criteria, and you must prepare and submit an extensive list of documents. By getting yourself expert legal guidance, it can help ensure your application is not only accurate, it also meets the requirements and leads to the best chance of approval.

      The immigration law firm Total Law has a huge amount of experience assisting people worldwide with immigration matters, including New Zealand’s retirement visas.

      Our services include:

      • Reviewing your personal situation and advising if you are eligible to apply.
      • Guiding you on the documentary evidence needed to meet income and investment.
      • Checking all your documents meet Immigration New Zealand standards.
      • If your application gets declined, we can help you submit an appeal.
      • Helping apply for visa extensions after the initial 2-year visa period.

      Our immigration lawyers stay up-to-date on any visa policy changes. We can ensure your application fully complies with current immigration rules and regulations. For expert assistance applying for visas in the parent retirement category. Contact the team at Total Law today. Call us at 0333 305 9375 or connect with us online.

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                Frequently Asked Questions

                Any permanent resident or citizen of New Zealand can sponsor their parents, if they wish to apply for a Parent Retirement Resident Visa.

                Yes, you can apply for a Visitor Visa if your parents wish to visit you in New Zealand for a short period of time. It allows them to stay with you for up to 9 months and within an 18-month period.

                The Family Category Visa enables close family members of New Zealand citizens or residents to join their relatives in the country. It includes visas like Partner Visas, Parent Visas, and Dependent Child Visas.

                When applying for a Parent Retirement Resident Visa, only the biological or legally adopted parents of the sponsoring person can be included on the application. Other family members will need to apply for separate visas based on their relationship with the sponsor applicant.

                No, dependent children are generally not allowed under New Zealnd’s Parent Retirement Resident. They will need to apply for their own visa, options include the Visitor Visa, it offers short-terms stays up to 3 months. If your children enroll in full-time study in New Zealand, they can apply for a Student Visa. Whereas the Working Holiday Visa is suitable for 18-30 year olds who want to work and travel in New Zealand for up to one year.