United Arab Emirates – Retirement Residency Visa
Introduction
The United Arab Emirates (UAE) is a federation of seven emirates. Locate it on the eastern coast of the Arabian Peninsula. With a population of over 10 million, the UAE is a trade, finance, and tourism hub.
The UAE’s economy is the most diversified in the Gulf Cooperation Council (GCC). A well-developed infrastructure includes a modern transportation network and world class airports. Public and private hospitals provide quality healthcare and there are outstanding universities.
Requirements/Investment Options
To be eligible for a UAE Retirement Visa, you must be over 55 years of age and retired. There are three main investment options to choose from. You will receive a renewable five-year visa if you meet the requirements.
Demonstrate a Sustainable Income
You will need to show evidence of earnings of at least AED180,000 (around US$49,000) a year or AED15,000 (roughly. US$4,100) a month via bank statements.
Provide Proof of Required Savings
You will need to verify possession of AED1 million (approximately US$275,000) savings in a three-year fixed deposit account.
Make a Property Purchase
Invest a minimum of AED1 million (around US$275,000) in UAE real estate.
Process Overview
The process is fast and efficient. First, you will receive notification that you have completed your application satisfactorily. Then should the authorities believe you fulfil the requirements, you will receive your UAE Retirement Residence Visa within 15 days.
Summary of Key Advantages
You can live and work in the UAE
Your family can join you, including your spouse, sons up to the age of 18, and daughters no more than 21
You and your family can access high-quality healthcare
Your dependants can enrol in excellent UAE schools and universities
You can renew the visa after five years if you still meet the eligibility criteria
Process Overview
Month 1
Demonstrate a sustainable income, show proof of sufficient savings, or invest in UAE property. Receive your Retirement Residence Visa.