UAE to Offer Expats Long-Term Residency Visa After Retirement
The Decision was Announced By
Sheikh Mohammed
Sheikh Mohammed
Sep 17, 2018, 03.23 PM IST
Starting adjacent year, expats inwards the UAE aged 55 or over volition last eligible to secure a five-year retirement visa, if they run into sure as shooting requirements, including investing inwards properties worth at to the lowest degree Dh2 million, or convey at to the lowest degree Dh1 meg inwards savings or an active income of to a greater extent than than Dh20,000 monthly.
Expats inwards the UAE volition last allowed to remain dorsum inwards the province for a "longer menses of time" afterwards retirement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President as well as Prime Minister of the UAE as well as Ruler of Dubai, announced on Sunday.
The visa volition last given to expat retirees over the historic menses of 55 years for a menses of v years nether specific conditions:
1. The expat should convey investment inwards a belongings worth Dh2 million, or,
2. Have savings of no less than Dh1 million, or,
3. Have an active income non less than Dh20,000 per month
Courtesy
Source :::KT