What has changed
On September 16, 2018, the United Arab Emirates (UAE) Cabinet approved a plan, effective in 2019, which creates a new special long-term residency visa for expatriates after retirement. This long-term visa allows expatriates over the age of fifty-five (55) to remain in the country during retirement on a five (5) year renewable visa.
Previously, retired expatriates were not eligible for a residence permit in the UAE.
Who is affected
Expatriates who wish to remain in the UAE after they retire.
What to expect
To be eligible to apply for the long-term residency visa, expatriates must possess any of the following: a property investment worth Dh2 million, minimum financial savings of Dh1 million, or a minimum active income of Dh20,000 per month.
What you need to do
- Legal proof of eligibility must be provided by the applicant; Emigra can assist with securing the new visa.
- Contact your Emigra Worldwide representative for further details on how these updates may impact you or your client.