Temporary Retirement Visitor Visa - Stay in New Zealand for 2 years
The temporary retirement visitor visa allows you stay in New Zealand for 2 years. If you'd like to apply for this visa, you'd have to be 66 years old or older. You must also be able to make an investment of NZ$750 00 in New Zealand for the two years that your visa is valid. While you can include partners in your application, you cannot include dependents.
Capital Requirements
- NZ$ 750,000 to invest in New Zealand for a 2 year period. On provisional approval of your temporary retirement visitor visa you will have 3 months to transfer these funds to New Zealand.
- A further NZ$ 500,000 is required in maintenance funds and living costs.
Income requirements
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An annual income of NZ$ 60,000 is required in addition to the capital requirements.
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This income can come from only you, the applicant, or from you and your partners's combined income.
Eager to discuss your eligibility? Book a consultation call with one of our immigration licensed advisors
Acceptable investments
You cannot simply transfer your NZ$ 750,000 to New Zealand and select any investment. It has to be an acceptable investment, of which examples are:
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Bonds issued by New Zealand:
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Government or local authorities.
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Firms traded on the New Zealand Debt Securities Market (NZDX).
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Firms with at least a BBB- or equivalent rating from internationally recognised credit rating agencies, eg Standard and Poor's.
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Registered banks.
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Finance companies.
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Equity in:
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New Zealand firms - these can be public or private.
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New Zealand registered banks.
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Residential property development.
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Eligible New Zealand venture capital funds.
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Insurance
The temporary retirement visitor visa does not entitle you to health care. Consequently you must maintain appropriate health cover for the duration of your visa.
Work rights
This visa does not allow you to undertake any work.
Health and Good Character Requirements
You and any partner will need to meet the health and good character requirements.
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