UAE to Offer Expats Long-Term(5 Year) Residency Visa After Retirement

UAE to Offer Expats Long-Term Residency Visa After Retirement 

The Decision was Announced By  
Sheikh Mohammed 

Sep 17, 2018, 03.23 PM IST 

Starting next year, expats in the UAE aged 55 or over will be eligible to secure a five-year retirement visa, if they meet certain requirements, including investing in properties worth at least Dh2 million, or have at least Dh1 million in savings or an active income of more than Dh20,000 monthly.

Expats in the UAE will be allowed to stay back in the country for a "longer period of time" after retirement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced on Sunday.

The visa will be given to expat retirees over the age of 55 years for a period of five years under specific conditions:

1. The expat should have investment in a property worth Dh2 million, or,

2. Have savings of no less than Dh1 million, or,

3. Have an active income not less than Dh20,000 per month

The new law goes into effect from 2019....


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Courtesy

Source :::KT

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