The parent retirement visa of New Zealand will allow you to join your adult child in New Zealand. This visa will permit you to live in New Zealand indefinitely. To be eligible for the Parent Retirement Resident Visa, you must be able to meet Immigration New Zealand’s financial requirements.
With this visa you can
If you have an adult child who is a New Zealand citizen or resident, you can apply to live in New Zealand indefinably.Source: Immigration New Zealand
Your child’s immigration status: Your child must be a New Zealand citizen or resident
Your child’s place of residence: Your child must live in New Zealand
Dependent children: You must have no dependent children
Your relationship with the sponsoring child: You must be the parent or legal guardian of your child
Your relationship with your children: You must provide evidence of your relationship to all of your other children
Investment funds: You must have NZ $1 million or more to invest in New Zealand for 4 years
Source of investment funds: You must have earned or acquired your funds lawfully
Transfer investment funds: You must transfer your investment funds to New Zealand
Settlement funds: You must have at least NZ $500,000
Annual income: You must have an annual income of NZ $60,000 or more
Bring partner: Your partner must meet the requirements for this visa
Acceptable investments: You must invest NZ $1 million in acceptable investments in New Zealand for a minimum of 4 yearsSource: Immigration New Zealand
Step 1 – You apply for residence
Complete a ‘Parent Retirement Category Residence Application’ and send it to Immigration New Zealand together with your application fee, immigration levy, and supporting documents.
Step 2 – Decision about your application
If your application is successful, we approve it in principle.
Step 3 – Transferring your funds to New Zealand and making your investment
If Immigration New Zealand accepts and approves your application in principle, you will have 12 months to transfer your funds and invest in an acceptable investment.
You must demonstrate that your funds or assets came from the genuine source you named in your residence application.
You may apply for a visitor visa before you plan to invest. You can check out all the investment opportunities before transferring your funds.
Step 4 – Your resident visa is approved
After your visa grant, the immigration department will check in with you to make sure you are meeting the rules of your visa like keeping your funds invested in New Zealand.
If you have met all the conditions at the end of your 4-year investment, you may be eligible for a Permanent Resident Visa.Source: Immigration New Zealand
Application cost NZD$ 3,720
This is the charge for Immigration New Zealand to process your application. We do not refund application costs if we decline your application. A non-refundable immigration levy is charged and is included in the cost.Source: Immigration New Zealand