New Zealand•Oceania19 months
12,850 NZD
Indefinite
No
Not Required
Allowed
No
Allowed
The Parent Retirement Resident Visa (PRRV) is an Immigration New Zealand residence category for affluent older parents joining an adult child who is a NZ citizen or resident. It sits outside the Parent Category ballot, offering a direct investment-based route for self-funded applicants with no dependent children.
Applicants invest NZD 1 million in acceptable NZ assets for four years, hold a further NZD 500,000 in settlement funds, and show annual income of at least NZD 60,000. The fee starts at NZD 12,850; 80% of cases reach approval in principle within 19 months, then 12 months to transfer funds. Partners can be included, and after four years they may apply for PR.
This visa is ideal for high-net-worth parents past typical retirement age whose adult child has settled in New Zealand and who can place NZD 1m into productive NZ investments without local employment.
| Status type | Permanent / indefinite |
Have an adult child who is a New Zealand citizen or resident living in New Zealand
Have no dependent children
Have at least NZD 1,000,000 to invest in an acceptable NZ investment for 4 years
Have at least NZD 500,000 in settlement funds
Have an annual income of at least NZD 60,000
Funds must have been earned or acquired lawfully
Meet health requirements (medical examination and chest X-ray)
Meet character requirements (police certificates from each country of citizenship and any country stayed in 12+ months in the last 10 years)
Education
none or higher
Min. Income
60,000 EUR/yr
Investment
1,000,000 EUR
Min. Savings
500,000 EUR
Proof of identity (passport or certified copy, photos)
Evidence of relationship to your sponsoring adult child (birth/adoption certificates)
Evidence your child is a New Zealand citizen or resident living in New Zealand
Evidence of NZD 1,000,000 investment funds and lawful source
Evidence of NZD 500,000 settlement funds
Evidence of annual income of at least NZD 60,000
Medical examination and chest X-ray results
Police certificates from each country of citizenship and any country stayed in 12+ months in the last 10 years (no more than 6 months old)
| Application Steps | Gather identity, relationship, financial, health and character evidence; Submit residence applicatio… | immigration.govt.nz |
| Dual Intent | false | immigration.govt.nz |
| Language Req | No formal English test required | immigration.govt.nz |
| Processing Estimates | {"minDays":570,"maxDays":570} | immigration.govt.nz |
| Processing Time | Approval in principle: 80% within 19 months | immigration.govt.nz |
| Required Docs | Proof of identity (passport or certified copy, photos); Evidence of relationship to your sponsoring … | immigration.govt.nz |
| Requirements | Have an adult child who is a New Zealand citizen or resident living in New Zealand; Have no dependen… | immigration.govt.nz |
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