Question of the Week

Visa options to retire in New Zealand

Category: Visa for New Zealand

Question asked

We are French and Ni-Vanuatu citizen ( dual passports ) 61 & 62 years old living in Vanuatu.

Looking at visa options so that we can live in NZ in the coming years (without working) , have sufficient assets and income to retire comfortably.

Our daughter is married a a New Zealander and she is now a NZ citizen, they have two kids 8 and 12 years old and live in Palmerston North.

Answer provided by Migration Agent

Hi H.,

thank you for your enquiry.

There are a couple of options for living permanently in New Zealand, depending on your personal circumstances, however there is unfortunately no quick pathway.

There most common pathway is the Parent Resident Visa and step one is to submit an Expression of Interest for this visa.

To qualify for this you must meet specific criteria:

- You must have no dependent Children

- Your sponsor needs to have been living in NZ for at least the last 3 years.

- Your sponsor must have earned at least the minimum income for 2 of the 3 year period before your Expression of Interest was selected, the amount differs if the sponsor is using a joint income with their partner or not.

Minimum income is 1.5x the median wage in NZ for sponsoring you and your partner if only one sponsors income is being used. Currently this is NZD$125,385.60 per year. If joint income of 2 x sponsors, then it is 2x the median wage or $154,232 p/a.

Timeframe for processing these types of visas is between 9-18 months, once selected from the Expression of Interest Pool. Note there is no guarantee of being selected from the pool. You can wait in the pool for 6 months and not be selected. If that happens you need to then submit another expression of interest.

A second option for residence as a parent is the Parent Retirement Residence Visa.

For this you must meet the following criteria.

1. You must have no dependent Children

2. Your sponsor needs to have been living in NZ

3. You need to invest NZ$1 million to New Zealand for 4 years

4. You must have settlement fund available for NZ of at least NZD$500,000

5. You must have an ongoing annual income of NZD$60,000 per year. This can be derived from pensions, earnings from remtal properties, dividends etc.

Processing times are similar, but there is no expression of interest to submit.

Read more about Visa for New Zealand

Let me know if you have further questions or if you'd like to proceed with any of the above options.

Migration Agent


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