If you have an adult child who is a New Zealand citizen or resident, you can apply to live in New Zealand permanently. You’ll need an annual income of NZ $60,000 plus NZ $1 million to invest for 4 years, and another NZ $500,000 to live on. Once you’ve completed the 4-year investment period, you’ll be eligible for permanent residence.
The Characteristics are:
1. The parents can apply for parental immigration immediately, after the child obtains the PR.
2. No EOI selection process and submits the PR application documents directly.
3. No English Requirements
1. You need to have at least NZ$1 million to invest in New Zealand for four years to be considered for residence under the Parent Retirement Category. After the immigration principle approved, the funds must be transferred to New Zealand through a formal channel within one year;
2. In addition to the funds that you intend to invest in New Zealand you must have NZ$0.5 million as settlement funds. If your application is approved in principle, you are not required to transfer your settlement funds. The property in your home country and New Zealand can be used as proof;
3. An annual income of NZ$60,000 at the time of application, such as pensions, rents, stocks, dividends, etc.
4. Parents have a good health and no criminal record
5. The proof that New Zealand is your child primary place of established residence
– Applicants wish to live in New Zealand for a long time
– Applicants are in good health and will not burden the New Zealand public health system
– Applicants need to purchase medical insurance that meets the requirements
– Applicant’s conduct is correct without a criminal record
– Applicants need to purchase health and travel insurance during New Zealand before obtaining a permanent residence visa
- After submitting the application, the principle of approval of the New Zealand Immigration Service will be approved in a short period of time;
- After the approval, deliver the materials within the specified time, transfer funds to New Zealand and start investing (usually defined as 12 months);
- The Department of Immigration accepts the required materials and officially begins to replace (usually 2-3 months);
- Approved by the Immigration Bureau to obtain the right of abode (note that it is not a permanent residency);
- Enter New Zealand, activate your visa, or choose to take an immigration supervisor;
- In the first two years of the 4 years, the applicant can travel between the country of origin and New Zealand, and it is no problem to stay longer.
- The last two years of immigration imprisonment for 4 years must meet the conditions imposed by the Immigration Service in New Zealand (over 184 days in New Zealand each year for two years);
- On the first day of the fifth year, officially replaced with New Zealand permanent return to the first sign of the PRV;