In 2018, the UAE launched an initiative to allow foreign individuals to retire in the United Arab Emirates, giving them all of the benefits which the UAE has to offer. The minimum age to qualify for the UAE retirement visa is 55- Years old. The visa is valid for 5- Years and it can be renewed for an additional 5-Years, should the individual be able to maintain the below requirements.
Furthermore, the individual obtaining the Retirement visa, must be able to provide one of the following:
Ownership of a UAE Property which has a minimum value of AED 2 million;
Proof of savings – no less than AED 1 million; or
An active income – no less than AED 20,000 per month – this amount can be from investments or pensions.
How can Rosemont Partners help?
Rosemont Partners can assist you with securing your UAE Retirement Visa, including all steps and formalities to undertake the responsibility to schedule and coordinate your medical fitness test, biometrics and residency stamping. In addition, this will include a dedicated team member to manage your documentation for on and behalf of you with Immigration and in some cases, the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai.