Just in and what most people have been waiting for, is the re-opening of the Parent Resident Visa Category.
There will be changes to the current requirements and EOI’s (Expression of Interest) will only be accepted once the category opens with selection starting in May 2020.
To be an eligible sponsor, you must hold a resident visa for at least three years [ or be a citizen].
The category is also capped at 1000.
| Single Sponsor | Current Requirement | New Income Threshold | |
|---|---|---|---|
| 1 parent | NZD $65,000 | NZD $106,080 | Twice the median salary |
| 2 parents | NZD $65,000 | NZD $159,120 | Three times the median salary |
| Sponsor and Partner | Current Requirement | New Income Threshold | |
|---|---|---|---|
| 1 parent (joint income) | NZD $90,000 | NZD $159,120 | Three times the median salary |
| 2 parents (joint income) | NZD $90,000 | NZD $212,160 | Four times the median salary |
| Guaranteed lifetime income of 1 applicant or a couple | NZD $28,166 or NZD $41,494 | NOT required | |
| Settlement funds | NZD $500,000 | Not available in the new category | |