Due to the New Zealand border control, many friends who applied for amnesty have not been able to reunite with their families in the past few years. After waiting or obtaining identity, the first thing is to take the elderly to New Zealand to enjoy their happiness and be filial.
However, which of the two ways to come to New Zealand to settle down is more suitable for your parents? What requirements should be met?
If you want your parents to come here, you must first make it clear whether you hope that the elderly will live with you for a long time or in a short term. After all, New Zealand is a brand new environment for the elderly, and the language and culture are not familiar with them, let alone they need to regain new friends here.
This issue is mainly aimed at the elderly who can adapt to the New Zealand environment for a long time or need their children's company. We will talk about the short-term stay in the next issue.
involves long-term residence, so it must be considered that parents have a resident visa. In New Zealand, children with local resident status or who are citizens have two ways to guarantee their parents to apply for a resident visa: parents retire and parents reunite immigrants.
Parental retirement immigration You can understand it as a small investment immigration guaranteed by New Zealand children.
New Zealand Parents Retirement Resident Visa (Parent Retirement Resident Visa) is one of the choices for overseas parents to reunite with their children in New Zealand. New Zealand parents’ retirement immigration visa requires applicants to earn $60,000 per year, invest $1 million in New Zealand within four years, and have $500,000 in living funds. Once the four-year investment period is completed, the applicant is eligible to become a permanent resident of New Zealand.
application requires
1. Adult children have a resident visa (RV/PRV) in New Zealand, and the applicant has no other adult children;
2. The applicant has no age requirement, no language or business background requirements, and only has enough funds;
3. The applicant has at least 60,000 annual income of (no need to transfer to New Zealand), and it is also necessary to prove that he has a living expense of 500,000 NZD;
4. The applicant invests 1 million NZD in New Zealand's compliance project for 4 years (self-occupied housing is not considered an investment, but can be invested in civil or commercial housing, bonds, etc.);
5. The applicant is in good health and will not burden the public medical system in New Zealand.
Other additional application conditions:
1. After the application is approved in principle, the investment funds will be transferred to New Zealand within 12 months, and the investment fund must be transferred from the bank channel and the source is legal;
2. The applicant hopes to live in New Zealand for a long time;
3. The applicant is healthy and will not burden the New Zealand public medical system;
4. The applicant has a good character and has no criminal record;
Regarding the applicant's annual income:
This part of the income can be: salary income, pension, rent, or other forms of investment income. It needs to be reflected on bank statements . It is recommended that customers prepare in advance 6 months before application.
Application process
1. After submitting the application, it will obtain the principled approval of the New Zealand Immigration Bureau within a few months;
2. After the application is approved, submit the materials within the specified time, transfer the money to New Zealand and start investing (the limited time is 12 months);
3. The Immigration Bureau accepts materials that meet the requirements and officially begins to accept them (usually 3-6 months);
4. The Immigration Bureau approves and obtains a Resident Visa;
5. After four years, it will be officially replaced with the New Zealand permanent residence visa (PRV).
Parents with financial strength can consider a New Zealand parent's retirement immigration visa. The processing speed is quite fast, there is no need to queue, and it is a high priority immigration program.
Compared with parents’ retirement immigration, parents’ reunion has the following characteristics:
- application time is longer and there is a limit on quota. Applications must go through EOI first and can be submitted after being selected. There are only 1,000 places per year, and they are selected from the pool in the order of submission. The draft has been completed from April 1, 2020 to today. At present, parents' reunion immigration has been in a state of stagnation.
- has high requirements for the income of guaranteed children.Depending on the number of parents to be guaranteed, the income requirements for children are quite high. If only one elderly person is guaranteed, the minimum income of the child cannot be less than twice the median salary. And it depends on the income in the past 3 years. The calculation start time of the past 3 years is from the selected date to the previous 3 years.
- has language requirements
- Children need to bear a 10-year financial guarantee period.
- Applications cannot have minor children.
Although parents retire and immigrants have certain requirements for the investment amount, and they need to prove the legality of the funds. But you don't need to wait too long. Now it has been open and the Immigration Bureau has been dealing with it. The pressure on guaranteed children in New Zealand is also less than that on taxes, and the overall time to obtain a permanent resident visa is greatly shortened. In this way, even if parents have lived in New Zealand for several years and have obtained a permanent resident visa for the investment period, they can still live in other places and change their environment.
