If you have submitted an application for residence under the Parent Retirement Category, and we have approved it in principle, we can grant residence to you and your family members included in your application when you have:
If you do not meet these requirements your application may be declined.
When your application has been approved in principle you will have 12 months to transfer and invest your total investment funds in New Zealand.
Once you have transferred your investment funds to New Zealand, you will need to provide evidence to show:
The funds must have been transferred through the banking system directly from your bank account(s) or through a foreign exchange company that uses the banking system 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 multiple entry work visa to allow you to arrange the transfer and investment of your funds in New Zealand. The work visa will be valid for 12 months.
If your partner and dependent children wish to accompany you, they may apply for visas valid for the same period.
Your partner may apply for either a work or visitor visa. Your dependent children may apply for either a student visa (if they are of primary or secondary school age) or a visitor visa. Tertiary study will require the meeting of standard student policy requirements.
When you have met the above requirements, you and your family members included in your application will receive resident visas. If you are outside New Zealand when you are granted a resident visa, you will be given 12 months from the date of issue to arrive in New Zealand. If you and your family do not arrive within that period, your resident visas will lapse.
Your resident visa will be valid for further travel for two years from the date you first enter New Zealand (if residence was approved outside New Zealand) or from the date of grant (if residence was approved inside New Zealand). This will allow you to travel to and from New Zealand during the two-year period.
Your resident visas will be granted subject to requirements under section 49(1) of the Immigration Act 2009. These are requirements that you must meet after you have your resident visa. See the Section 49(1) requirements.