The UAE offers a retirement visa program for foreign nationals who wish to enjoy their golden years in this country. This program allows retirees to obtain a five-year renewable residence visa without the need for a sponsor or employment.
Age:
Applicants must be at least 55 years old at the time of application.
Financial
stability: There are three ways to meet the financial stability requirement:
Property
ownership: Own property in the UAE with a market value of at least AED 1
million.
Financial
deposit: Have a fixed deposit of at least AED 1 million in a UAE bank.
Monthly
income: Have a monthly income of at least AED 20,000 (AED 15,000 for Dubai).
Work
experience: Applicants must have worked for at least 15 years outside the UAE.
Benefits of the retirement visa:
Long-term
residency: The visa is valid for five years and can be renewed.
Multiple
entry: Visa holders can enter and exit the UAE multiple times during the
validity period.
Sponsorship:
Visa holders can sponsor their dependents, such as spouses and children.
Healthcare:
Visa holders have access to public and private healthcare facilities in the
UAE.
Tax-free
living: There is no income tax in the UAE.
Application process:
The
application process for the retirement visa can be completed online or in
person at the immigration authorities. The required documents include:
Passport
copy
Proof
of income or financial deposit
Property
ownership certificate (if applicable)
Medical
test results
Passport-sized
photographs
Additional
Information:
The
specific requirements and application procedures may vary slightly depending on
the emirate in which you wish to reside.
It
is advisable to consult with an immigration specialist to ensure that you meet
all of the eligibility requirements and to assist you with the application
process.
Here are some additional things to keep in mind if you are
considering retiring to the UAE:
The
weather in the UAE is hot and humid for most of the year.
There
are limited cultural and entertainment options outside of the major cities.
However, the UAE also has a lot to offer retirees, such as:
A
safe and secure environment
Excellent
healthcare facilities
A
wide range of world-class amenities
A
cosmopolitan atmosphere
If
you are thinking about retiring to the UAE, it is important to weigh the pros
and cons carefully to decide if it is the right place for you.
Here
are some resources that you may find helpful:
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