Level 4, suite C & D,Albert Plaza,
87 - 89 Albert Street,
Auckland CBD 1010,
New Zealand
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Phone: +64 9 265 1578
Mobile: +64 275 706 540
Postal Address:
Terra Nova Consultancy Ltd
PO Box 5922,
Wellesley Street,
Auckland 1141,
New Zealand
11/03/10 - Immigrants' older parents with $1m to invest get priority
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Thursday 11/03/2010
Wealthy older parents of settled immigrants will be given priority to retire here if they are rich enough to invest $1 million over four years.
They will have to have good health but will not need to have health insurance. As permanent residents they will be eligible for health and welfare assistance. But in that respect they will be no different from the maximum 3440 parents already allowed to settle each year under the Family Parent Category.
The new wealthy parent applicants - who will be given priority over parents seeking family reunification - will be counted within the limits of the present family parent category.
The Government will allow another set of ageing wealthy visitors aged over 65 to live in New Zealand for two years at a time on a temporary visa if they invest $750,000 and have comprehensive health insurance.
National promised a retirement visa in its election manifesto but promised that the successful applicants would not be a drain on the health or welfare system.
(Source Audrey Young - The Press)
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Johannes Petrus (Peter) Hubertus Cornelis Hendrikx
Licensed Immigration Adviser
License number: 200800214
- 11/05/12 - Family residence categories: questions and answers
- 10/05/12 - Changes to immigration family policies confirmed
- 02/05/12 - Agreement signed to combat human trafficking in the Pacific
- 30/04/12 - New measures to deter people smugglers announced
- 30/04/12 - Joint exercise to prepare for possible mass arrival
