Know the Type of New Zealand Parent Retirement Resident Visa?

There are two main visa choices for retirees looking to start a new post-work life in New Zealand. First, if you have an adult child who is a New Zealand resident or citizen, in that case, you can apply for a temporary retirement visa and another, which is called a permanent New Zealand immigration retirement visa.

Let's take an insight into each of the details.

New Zealand's Temporary Retirement Visa

This retirement visa is for persons willing to invest money in New Zealand and stay for up to two years. Once the two years are gone, you can go for another temporary retirement visa.

To get this visa, you must meet numerous requirements, which are:

• Having reached the age of 65.

• Investing at least 730,000 NZD (about 380,000 GBP) in eligible New Zealand investments over a complete two-year period

• On the other hand, you cannot work in New Zealand (although you can study for three months a year). You will have 500,000 NZD to live on and an annual income of 60,000 NZD.

• Have adequate travel and/or health insurance for your visit.

With this sort of visa. You can travel in and out of the country and include your partner in your application. You cannot, however, bring any dependent children with you.

Another thing to keep in mind with the New Zealand Temporary Retirement Visitor Visa is that you'll require to look into investing options before moving there. You can do this by going for a regular three-month multiple-entry visa.

Resident Visa for Parents in Retirement

This is the parent retirement resident visa for you if you have a child who is an adult. And who is a permanent resident or citizen of New Zealand. It allows you to settle permanently in New Zealand, join your family, and enjoy retirement in the country. In addition, you can work and/or study if you wish, and you can bring your partner with you.

There are, however, some regulations that must be met. The following are some of them:

• Over four years, invest 1 million NZD (about 520,000 GBP).

• You'll be supposed to apply for permanent residence after four years.

• A yearly income of 50,000 NZD plus a living allowance of 400,000 NZD.

You can go in and out of the country using this visa for the first two years of the four-year investment period. After that, you can travel the world without restrictions after becoming a permanent resident.

How to apply for a retirement visa in New Zealand

If you meet the requirements for any visa, the next step is to gather your paperwork and prepare to apply at a visa application receiving centre in New Zealand. More information on receiving centres can be found here.

What kinds of documentation will I require?

• With your entirely filled application form, you'll need to provide the following supporting papers to apply for either visa.

• A passport, birth certificate, and recent pictures of yourself are all acceptable forms of identification.

• Your relationship to the sponsored kid, as well as proof of your adult child's citizenship or New Zealand permanent residency status (for the Parent Retirement Resident Visa)

• Bank statements or property values are proof showing you have the required quantity of money to invest, reside on, and earn an annual income.

• Evidence that your companion meets the visa's requirements (if applicable)

• A medical checkup and a chest x-ray are required to prove good health.

• You'll need a police certificate to prove your good character.

So there you have all the information that you need to know about applying for a retirement visa in New Zealand.

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