Posted on January 04 2020
Do you want to make the UAE your home even after your retirement? The good news is that it is very much possible. And you do not need millions to accomplish it.
In September 2018, the UAE Cabinet passed a law that provides special Residency Visa to expatriates retirees over the age of 55. The UAE Cabinet is chaired by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohd. Bin Rashid Al Maktoum. The special Residency Visa is valid for five years. The special Residency Visa also has a provision of renewal provided specific conditions are met.
How do you qualify for this long-term special Residency Visa?
Here are the eligibility requirements:
You should invest in property in the UAE. The invested property should be worth at least Dh 2 million.
You should have sufficient financial savings. Your savings should not be any less than Dh 1 million.
You should have an active and steady income of at least Dh 20,000 per month
Y-Axis offers a wide range of visa and immigration services as well as products to the aspiring overseas immigrants including Australia Visitor Visa, Canada Evaluation With Registered Canadian Immigration Consultant, and Canada Express Entry.
If you are looking to Study, Work, Visit, Invest or Migrate to the UAE, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
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