Licensed immigration advisers
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Changes to Immigration Operational Policy – April 2010
A continuing professional development workbook for people giving immigration advice
Visitor Policy: Temporary Retirement Category
The Temporary Retirement Category is a special visitor’s policy designed for those who wish to invest in New Zealand and stay here longer than general visitor policy allows.
See the policy at V3.120 in the operational manual. The form Temporary Retirement Category Visitor’s Visa/Permit Application and Temporary Retirement Category Visitor’s Visa/Permit Guide (INZ 1173) are available from the website now, and will be available in printed form shortly.
Successful applicants will be issued with a two-year multiple entry visitor’s visa that allows for travel in and out of New Zealand.
The principal applicant must be aged 66 or over. They have to hold comprehensive travel and/or health insurance for the duration of their stay.
Investment funds and/or assets
Applicants must nominate funds and/or assets equivalent to at least:
- NZ$0.75 million for investment funds
- NZ$0.5 million for maintenance funds.
They must also be able to show an annual income of NZ$60,000 at the time of application.
Intended investment funds must:
- be unencumbered, ie not subject to any mortgage, lien, charge and/or encumbrance (whether equitable or otherwise) or any other creditor claims
- have been earned or acquired legally
- be transferable through the banking system.
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