The UAE provides a 5-year residence visa to these residents for 720 dirhams

Ahmed Moawad - | UAE

The government of the United Arab Emirates has announced the granting of a new 5-year residence visa to travelers who wish to live and settle in the United Arab Emirates. This diverse visa allows its holder to obtain a 5-year residence visa for a specific category of residents in Al Asmar at a reduced price.

5-year residence visa for retired residents of the UAE

The Federal Authority for Identity, Citizenship, Customs and Ports Security announced the availability of a residence visa for foreign residents on its territory to obtain a distinguished standard of living.

The government decided to grant residents who have spent many years in the Emirates a 5-year residence visa for residents over 55 years of age to live and stay in the Emirates, with the possibility of renewal.

However, the government has set a number of conditions that must be met by a resident of the UAE, in order to be able to obtain a residence visa for a period of 5 years, given their great loyalty to the state and their appreciation for their efforts made during the past years.

Conditions for obtaining a 5-year residence visa for retired expatriates

The period of service for a resident in the Emirates is required to be no less than 15 years before being referred for retirement, whether inside or outside the country.

He is also required to be the owner of one or more properties whose financial value is not less than 1,000,000 UAE dirhams, and the evaluation is carried out by the competent authorities in the emirate to which he belongs.

In addition to the need to have a deposit of no less than 1,000,000 UAE dirhams, whether inside or outside the country, it must be transferred and deposited in any financial institution in the country within (60) days from the date of issuance of the residency.

The fixed annual debt of a retiree in the UAE is required to be no less than 240,000 UAE dirhams, along with submitting a bank statement for the last 6 months from the date of applying for residency in the UAE.

The mortgaged title deed is also reduced if the property is mortgaged, provided that the value paid to redeem the mortgage from the total value is not less than 1,000,000 UAE dirhams.

Fees for issuing a residence permit for a retired expatriate in the UAE

  • Residence permit fee – 200 AED.
  • Knowledge fee: 10 UAE dirhams.
  • Innovation fee: 10 UAE dirhams.
  • Fee within the country: 500 UAE dirhams.

The possibility of a retired resident working in the UAE after receiving the pension

Residents of the United Arab Emirates can continue to work in the country, engage in activity, and continue to pay insurance contributions to benefit from additional retirement formation points.

Contributions to the compulsory sickness insurance system for residents of the UAE are also deducted on the basis of the value of the lump sum income and not on the basis of the value of the pension.

5-year residence visa for retired residents of the UAE

The Federal Authority for Identity, Citizenship, Customs and Ports Security announced the availability of a residence visa for foreign residents on its territory to obtain a distinguished standard of living.

The government decided to grant residents who have spent many years in the Emirates a 5-year residence visa for residents over 55 years of age to live and stay in the Emirates, with the possibility of renewal.

However, the government has set a number of conditions that must be met by a resident of the UAE, in order to be able to obtain a residence visa for a period of 5 years, given their great loyalty to the state and their appreciation for their efforts made during the past years.

Conditions for obtaining a 5-year residence visa for retired expatriates

The period of service for a resident in the Emirates is required to be no less than 15 years before being referred for retirement, whether inside or outside the country.

He is also required to be the owner of one or more properties whose financial value is not less than 1,000,000 UAE dirhams, and the evaluation is carried out by the competent authorities in the emirate to which he belongs.

In addition to the need to have a deposit of no less than 1,000,000 UAE dirhams, whether inside or outside the country, it must be transferred and deposited in any financial institution in the country within (60) days from the date of issuance of the residency.

The fixed annual debt of a retiree in the UAE is required to be no less than 240,000 UAE dirhams, along with submitting a bank statement for the last 6 months from the date of applying for residency in the UAE.

The mortgaged title deed is also reduced if the property is mortgaged, provided that the value paid to redeem the mortgage from the total value is not less than 1,000,000 UAE dirhams.

Granting a long-term visa to retired residents over the age of 55

The government of the United Arab Emirates adopted a basic system in 2018, which allows the granting of a long-term visa to retired residents over the age of 55.

This visa is automatically renewed if any of the following conditions are met for retired residents over the age of 55, which are as follows: The retiree must own an investment in a property worth two million dirhams, or his financial savings should not be less than one million dirhams, or proof of an income of no less than 20 million dirhams. One thousand dirhams per month.

Fees for issuing a residence permit for a retired expatriate in the UAE

  • Residence permit fee – 200 AED.
  • Knowledge fee: 10 UAE dirhams.
  • Innovation fee: 10 UAE dirhams.
  • Fee within the country: 500 UAE dirhams.

The possibility of a retired resident working in the UAE after receiving the pension

Residents of the United Arab Emirates can continue to work in the country, engage in activity, and continue to pay insurance contributions to benefit from additional retirement formation points.

Contributions to the compulsory sickness insurance system for residents of the UAE are also deducted on the basis of the value of the lump sum income and not on the basis of the value of the pension.

Applying for a retirement visa in the UAE

Retired residents wishing to obtain a retirement visa in the UAE can request a visa by submitting an application through the application of the Federal Authority for Identity and Citizenship or through the website of the Department of Tourism and Commerce Marketing.

After that, you will be contacted via registered email, and after completing sending all the required documents and information, the application will be sent for review, after which you will be granted a retirement residence visa in the UAE once the information is confirmed and that you follow the required conditions, if they are met.

Residence visa in the UAE without a sponsor

The new system launched by the UAE government grants the retired expatriate a residence visa for a period of five years, which is automatically renewed if the retiree owns an investment in a property worth two million dirhams, or his financial savings are not less than one million dirhams, or proof of an income of no less than 20 thousand dirhams per month.

It is also worth noting that the Abu Dhabi government had previously launched the “Prosper in Abu Dhabi” program, to increase awareness of long-term golden residency permits and ways to obtain UAE citizenship for talented individuals, students, entrepreneurs and investors, within the main sectors in the Emirate of Abu Dhabi.

About Author

Ahmed Moawad
Ahmed Moawad
593 Total posts


Read Also

UAE
Sheikh Hamdan announces AI-qualified teachers for Dubai schools in near future

Dubai is embarking on a groundbreaking initiative to revolutionize its educational landscape by integrating artificial intelligence (AI) into school curriculums.

UAE
The Labor Law specifies the dates for paying salaries to UAE employees

The Labor Law specifies the dates on which employees in the UAE must receive their salaries.

UAE
The UAE Labor Law determines salary payment options for employees

The UAE Labor Law establishes the various wage payment alternatives that are available to workers.

UAE
Wizz Air Abu Dhabi unveil huge 20% summer sale for July & August ticket bookings

An alluring deal has been offered by Wizz Air Abu Dhabi, offering a 20% discount on certain routes for travel in July and August. Travelers can take advantage of this great one-day flash deal on June 11 to visit a variety of destinations this summer....

UAE
Dubai Police honored 22 safe drivers

22 drivers have been recognized by the Dubai Police Department for their safe driving.

UAE
Dubai retail sector records new highs with a booming 3-day super sale event

Setting new milestones for the retail industry, Dubai's annual 3-day Super Sale has reached unparalleled heights. Dubai Festivals and Retail Establishment (DFRE) organizers set a new record with this year's festival, which ran from May 31...

UAE
Today's weather: Rain will fall in the Emirates within hours

There is a possibility of precipitation in several regions of the UAE this afternoon.

UAE
Low-cost airline tickets cost up to one dirham in the UAE

In the seat sale, the airline is offering tickets for flights between Dubai and Manila for as little as Dh1.

UAE
Urgent.. Sheikh Mohammed bin Rashid announces a federal law regarding traffic

The individual referred to as "His Highness" Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, has confirmed that the UAE Genome Program has successfully gathered over 600,000 samples from...

UAE
UAE: Home delivery of sheep and goats via Careem for Eid Al Adha 2024

Careem, in collaboration with Dhabayeh Al Emarat, has launched an innovative service in the UAE for Eid Al Adha 2024, providing on-demand delivery of sheep and goats through its app.

UAE
The UAE announced the new federal traffic law 2024

In 2024, the United Arab Emirates (UAE) passed a new federal traffic law.

UAE
The traffic fines in Dubai have an impact on drivers' licenses

The traffic fines imposed on vehicle drivers in Dubai affect driver's licenses.

UAE
UAE launches 100 job opportunities for citizens in the private sector

The Emirates Human Resources Development Council in Dubai has recently facilitated over 100 exclusive job opportunities for citizens through an open career day, which was organized as part of the council’s initiatives aimed at providing citizens...

UAE
Sharjah Government announces Arafat Day & Eid al-Adha holidays for public sector

The Sharjah Human Resources Department has made a significant announcement regarding the holiday schedule for the Day of Arafah and Eid Al-Adha for various governmental departments, bodies, and institutions within Sharjah.

UAE
Dubai announced Eid al-Adha holidays for employees in 2024

Dubai has announced Eid al-Adha holidays for public sector employees in 2024.

UAE
Eid Al-Adha 2024: The UAE grants employees in the private sector a long holiday

The UAE provides a lengthy holiday to private sector employees during Eid Al-Adha 2024.

UAE
UAE: Summer longest day in June to extend nearly 14 hours

The UAE is gearing up for its summer solstice, marking the longest day of the year with temperatures expected to range between 41ºC and 43ºC during the day and 26ºC to 29ºC at night.

UAE
UAE Introduces Top 10 Summer Destinations with Airfares Starting at Dh441

As the academic year in the UAE draws to a close, schools are set to wrap up the final semester by July 1, ushering in a two-month summer break.

UAE
The UAE announced the employees’ holidays on the occasion of Eid al-Adha

Eid al-Adha 2024: The UAE has announced holidays for the public sector.

UAE
UAE Affirms Its Dedication to OPEC+ Despite Reports, Minister Says

In spite of media allegations to the contrary, UAE energy minister Suhail Al Mazrouei assured a panel in St. Petersburg, Russia, that the country remains dedicated to Opec+, customers, and the market.

UAE
UAE Eid Holiday: Explore Greenery and Waterfalls in Saudi, Oman from Dh1,099

During the Eid Al Adha holiday, visitors from the UAE make their way to Salalah in Oman and Abha in Saudi Arabia.

UAE
The Astronomy Centre announced the date of the Al-Adha holiday In the UAE 2024

In the UAE, the Astronomy Centre announced the date of the Al-Adha holiday in 2024.

UAE
UAE: du Pay, Visa introduce new partnership to increase digital payment options

du Pay, the mobile payment division of the telecommunications giant du, has announced a strategic partnership with Visa, a leading global payments processor.

UAE
Abu Dhabi sets new Unified Economic Licence to simplify business startup process

A collaborative effort spearheaded by Khalifa Economic Zones AD (KEZAD Group), Abu Dhabi Airports Free Zone (ADAFZ), Masdar City Free Zone, and Creative Media Authority (CMA) aims to bolster Abu Dhabi's appeal as a business-friendly destination....

UAE
A new way for Dubai residents to overcome the traffic crisis on roads

There is a novel approach that Dubai's citizens can adopt to alleviate the traffic congestion currently plaguing the roads.

UAE
UAE weather: Anticipated Rainfall Forecast for the Weekend

This weekend, rain is expected in several regions of the United Arab Emirates, according to weather analysts.

UAE
UAE introduces 5 Sharjah Buildings Fire-Proofed in Dh100m Government Initiative

Work is underway on a pioneering project in Sharjah that targets buildings prone to fires. The initiative aims to enhance fire safety by replacing the facades of 40 buildings with fire-resistant cladding.

UAE
UAE real estate: Jumeirah Bay villa sets record, sold for 175 million dirhams

Driven Real Estate has announced a record-setting transaction, having sold the most expensive villa ever on Jumeirah Bay Island for an astounding 175 million dirhams.

The UAE announces the exemption of its citizens from entry visas to this country for the purpose of Tourism