The Parent Retirement Category is a pathway to residence for parents of New Zealand residents or citizens
For a resident visa application to be approved under the Parent Retirement Category the principal applicant must:
Be the parent of an adult child who is in New Zealand and is a New Zealand citizen or the holder of a residence class visa that is not subject to conditions under section 49 of the Immigration Act 2009
Have no dependent children
Meet health and character requirements
Must have funds and/or assets equivalent in value to at least NZ$1 million
Demonstrate ownership of these funds and/or assets and that they have been legally earned or acquired
Transfer and place the funds in an acceptable investment for four years
Nominate NZ$0.5 million of settlement funds and demonstrate ownership of these funds and/or assets
Parents of New Zealand residents or citizens might also be able to migrate through the Parent Category:
Compare the criteria for resident visas available for parents of New Zealand residents or citizens.
Ask our Licensed Immigration Adviser Dr. Carsten Hallwass whether you qualify and which Visa is right for you.
Email Dr. Carsten Hallwass : Dr.H@new-zealand-immigration.com
Ask our Business and Investor Migration Expert
If you want to find out more about investing in New Zealand, contact Dr. Carsten Hallwass, the Business and Investor Migration Adviser in our team.Contact Dr. Hallwass