Under the new rule, expatriates aged 55 and above would be entitled to apply for a resident visa in the UAE. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) of the United Arab Emirates has created a 5-year residency visa for anyone aged 55 and older. Gulf News published the news, citing a government decree issued on Friday.
Under the new rule: The new rule allows expatriates aged 55 and up to seek for a resident visa in the UAE. According to the ICP, persons who have previously resided in the UAE and reach the age of 55 will be able to apply for a visa to stay in the nation.
Individuals with at least 15 years of work experience in the UAE or any other nation are eligible to apply for this visa. The individual must own at least one million dirhams in assets or money. On the other hand, a monthly income of 20,000 dirhams (15,000 dirhams if you live in Dubai) is acceptable. To apply for a visa, the most recent six months’ bank statements must be supplied.
This visa will be valid for five years. After 5 years, an individual may reapply for the visa if all conditions are met. The visa application can be submitted using the official website or the UAE ICP smart app. The UAE has also developed a new special scheme to recruit retirees.
Retirement foreign nationals, their spouses, and children will be granted a renewable 5-year resident visa. To apply for this visa, you need to be at least 55 years old. Financial eligibility conditions include a monthly income of 15,000 dirhams or a bank balance of 1 million dirhams.
This visa was designed to provide retired expatriates with financial security and stability, as well as to make their retirement in the UAE more comfortable.
Under the new rule…Under the new rule..
