In order to invite financially competent yet retired individuals for an extended stay in the country without taking regular employment, New Zealand has just introduced the Temporary Retirement Visitor Visa. Being relevant to senior citizens who wish to enjoy living standards, peace, and the natural environment of New Zealand for a while.
The documents needed all boil down to:
Who can apply?
A person must meet specific conditions for the visa automatically, including:
- At least 66 years of age
- Having a strong financial profile
- Genuine intent to stay in New Zealand for a while
- Health and character requirements approved by them.
- This visa cannot be for actively seeking jobs or permanent settlement.
Financial Requirements
- To make use of this visa, it is essential to consider a new finance portfolio.
- In order to get the visa, one has to make a substantial investment in New Zealand.
- An income stream that is enough to take care of daily expenses
- That investment is to be sustained for the duration of the visa
Visa applicants, therefore, need to demonstrate financial stability through their application for a genuine intention to stay in New Zealand on temporary retirement.
Length of Stay and Conditions of the Visa
This visa allows the following:
- Stay in New Zealand for up to two years.
- Unlimited travel back and forth during the span of the visa
- Inclusion of the partner in the application
This visa, however, does not allow for any employment in New Zealand, and no applications can be made for a child to accompany the retired person.
Some Salient Points
Some important conditions that the visa holder must meet are:
- Maintain a valid medical insurance policy and a valid travel insurance policy.
- Continue meeting other associated obligations.
- Maintain all conditions of the visa consistently during the stay.
- Any failure to fulfill ongoing obligations might affect the validity of the visa.
Who Is This Visa Best Suited For?
This visa is for those retirees who:
- Will come for a temporary experience in New Zealand
- Are very well-off
- Are not interested in work or permanent residence
This way, it is a flexible visa where you enjoy benefits without restrictions for a long-term stay as an immigrant in the country.
Retirement Visa-alternative.
We also have other ideas for those considering retirement in New Zealand:
The understanding of investment thresholds, documentation, and compliance rules can pose complex matters. Our expertise and practices stand in full support of retirees while they envision an application process leading to retirement in NZ.
Contact Abhinav Immigration Services today: be quick to plan your retirement visa with a cognizance made for ‘giving you clarity and confidence’ in the process.
