(Newswire.net — January 6, 2022) — If your adult kid resides in New Zealand and is a citizen or resident, you can apply for a Parent retirement resident visa. To be eligible for this visa, your yearly income must be at least NZ $ 60,000. You should also invest NZ $ 1 million for four years. To dwell in this country, you must first invest NZ $ 500,000. After completing your four-year period, you can seek residency. Those interested in applying for the Parent Retirement Resident Visa should be aware of the following:
- This visa allows holders to live, work, and study in New Zealand.
- Their partner might also be included in their visa application.
- It is possible to apply for residency after four years of the original investment.
- Applicants will have 12 months to move their money to New Zealand if New Zealand Immigration approves their New Zealand permanent residency application.
- Before investing in a work visa, applicants can research New Zealand investment prospects.
- A valid passport must be used to obtain the visa.
- If the visa holder’s passport expires, he or she must renew it and then:
- New Zealand Immigration will receive both old and new passports.
- The visa transfer fee must be paid.
- Fill out the Visa Application for Transfer or Confirmation form.
What are the eligibility conditions for this visa?
- All applicants for the Parent Retirement Resident Visa must provide two approved photographs, one of which must show your head and shoulders.
- Your passport must also be presented in its original form and a certified copy.
- You’ll also need your birth certificate.
- To demonstrate your good health, you should get a medical checkup and a chest x-ray.
- You do not need to resend these papers if you submitted them for another visa during the last 36 months.
- You must produce a police certificate if you are over 17.
- This certificate is provided by the nation in which you were born.
What is the procedure for obtaining this visa?
- The Parent Retirement Resident Visa application process consists of the following steps:
- You must first fill out the Parent Retirement Category Residence Application and submit it to New Zealand Immigration, together with the visa application fee and immigration levy.
- Also, the other supporting documents listed in the visa requirements section must be submitted.
- Your visa application will be reviewed by New Zealand Immigration.
- You will go to the next step if your application is approved.
- You will have 12 months to invest in New Zealand in this step.
- You must demonstrate that your assets and capital are derived from the source stated in your immigration application.
- After you have been given a visa, your conditions will be reviewed.
- Your status will be reviewed again after four years.
- You will be given a Permanent Resident Visa if you meet the requirements.
Let’s sum it up
We focused on the Parent Retirement Resident Visa, its conditions, and the application process in earlier parts. Other New Zealand visas and visas from various nations are available in other sections of the Visa Library website.
If you have gotten a Parent Retirement Resident Visa and have experience in this subject, please share it in the comments section with other readers. They will be able to make better decisions as a result of this. You can also use this part to ask any queries, and we will respond as quickly as possible.