Major changes are underway as the UAE announces special residency visas for expats choosing to retire in the country. Here are the details…
New law allows expats to retire in UAE
The UAE government has passed a new law granting long-term residency to expats after retirement. For expat retirees over the age of 55, a five-year visa will be granted, with the possibility of renewal. The new UAE retirement law will be in effect as of 2019.
The #UAE Cabinet approved a law to provide special residency-visa privileges for expats retirees over the age of fifty-five years for a period of five years, with the possibility of renewal, according to specific conditions.
— Dubai Media Office (@DXBMediaOffice) September 16, 2018
To qualify for the special long-term visa, expats must meet one of the following requirements:
- Having an investment in a property worth AED 2 million, or
- Financial savings of no less than AED 1 million, or
- An active income of no less than AED 20,000 per month.