If we have approved in principle your application under the Temporary Retirement Category, before we grant your two-year visitor visa you must:
If you do not meet these requirements your application may be declined.
When your application has been approved in principle you will have three months to transfer and invest your NZ$0.75 million of investment funds in New Zealand.
Once you have transferred your investment funds to New Zealand, you will need to provide evidence which shows:
The funds must have been transferred through the banking system directly from your bank account(s) to New Zealand. You must include telegraphic transfer documentation and bank statements showing the transfer(s). Nominated funds held in a country other than the country in which they were earned or acquired must have been originally transferred through the banking system from that country.
We may request other information to show that the above requirements have been met.
If you have been approved in principle you may be able to borrow against your nominated assets and transfer the borrowed funds to New Zealand as your investment funds. To do this you need to satisfy us that:
You need to place your funds in an acceptable investment in New Zealand and provide evidence of your investment(s). We need you to provide us with:
In some situations we may require other evidence.
After approval in principle, you may apply for a visitor visa to allow you to travel to New Zealand and arrange the transfer and investment of your funds. The visitor visa will be valid for a maximum of three months.
If your partner wishes to accompany you, they may apply for a visitor visa valid for the same period.
You need to retain your investment funds in an acceptable investment in New Zealand for two years. The investment period begins from the date you complete the investment of your nominated investment funds. However, if your investment funds are already in acceptable investments in New Zealand at the date we approve your application in principle, the investment period commences from that date.
You may change your investments during the investment period provided your investment funds continue to meet all requirements for acceptable investments.
Because we may need to contact you, you need to let us know of any changes to your contact details.
You can apply for a subsequent visa under the Temporary Retirement Category if you continue to meet the requirements under the relevant immigration instructions. You must also show that for the duration of the previous Temporary Retirement Category visa, you and your partner (if applicable) have maintained: