The NZ Parent Retirement Residence Visa category enables applicants who have an adult child who is a New Zealand citizen or resident to apply to live in New Zealand permanently. Applicants will need to meet financial criteria including having an annual income of NZ $60,000 plus NZ $1 million to invest for 4 years, and another NZ $500,000 to live on. They will also need to meet other policy criteria including health and character requirements. Once the applicant has completed the 4-year investment period, they will be eligible for permanent residence.
Government Fees and Processing Time
| Application Fee | NZ$490.00 |
| Partner Application Fee | N/A |
| Dependents Application fee | N/A |
| Second Installment | NZ$2250.00 |
| Processing Times | 5 to 12 months |
* All fees and processing time are obtained from government source.
