Retiree Visas - What are they?

The United Arab Emirates is an economic, multicultural and industrial center that offers ideal conditions for study, work and business development. In order to demonstrate that not only young people, but also people of mature age can live comfortably in the country, the UAE Retirement Program was developed. Who can participate in this program and what you need to do is analyzed in this article.

Retirement Visa Dubai

The "Retire in Dubai" program was launched in 2020. It provided an opportunity for people who have reached the age of 55 to obtain a retirement visa in the UAE for relocation. Initially, only those who had lived in the Emirates for many years and retired here could participate. Now, however, citizens of other countries who have never visited the UAE can become candidates for the visa.

The five-year Retiree Visa is issued upon reaching the age of 55, providing documented proof of retired status, and meeting one of the following conditions:

1. Owning an Emirati real estate property with a minimum value of 2,000 000 AED that has not been purchased with a mortgage.
2. An account in a UAE banking institution with a minimum value of 1,000 000 AED.
3. Monthly income of at least 20, 000 AED.
4. The presence of a bank account and real estate in the Emirates with a total value of at least 2,000 000 AED.

The visa is valid for five years and can be renewed several times, provided that the same requirements are met as when the visa was granted.

What does a Retiree Visa in the UAE provide?

A Retiree Visa offers its holder and his family a life in a highly developed, safe and wonderful country with the following benefits:

1. High standard of living. The UAE is home to people who appreciate comfort, luxury and quality of life. The country is known for its sophisticated infrastructure, luxury hotels, world-class restaurants, shopping and entertainment. With its high level of economic development, the Emirates offers its residents high incomes, access to global brands and services, and opportunities for investment and business development.
2. Excellent services. Retirees here can enjoy a wide range of services that make their lives comfortable and tranquil. Hundreds of companies in the UAE specialize in solving household problems (house and apartment cleaning, laundry, cooking) and maintaining the well-being of seniors.
3. Opportunities for cultural recreation and entertainment. Special health zones are organized for the elderly in the Emirates, where they can be treated and enjoy spa procedures. Those who enjoy fresh air can go to the beach, stroll along the promenade, or ride a bicycle. The country often hosts concerts with world famous stars, exhibitions and theatrical performances.
4. Highly developed healthcare. The UAE is ranked 34th in the world for the quality of its medical services. Special medical insurance is available for people over the age of 60 at a much lower cost.

The visa allows its holder to:

• Sponsor his/her spouse and children;
• Sponsor his/her parents, who will be granted a renewable visa for a period of 1 year;
• Purchase any real estate
• Travel the world without any restrictions on the length of stay in the UAE;
• Enjoy tax benefits;
• Open accounts in local banks;
• Obtain a driver's license;
• Register a will and be sure that the testator's wishes will be fully carried out.

How to Obtain a UAE Retirement Visa

In order to apply for a visa, you will need to prepare a certain package of documents well in advance, which will vary depending on the eligibility criteria.

If the visa is requested by the owner of the property, he/she will need:

• Passport;
• Documents confirming ownership of the property;
• Proof of employment history and retired status;
• Medical insurance.

An applicant with a bank account will need to present:

• Passport;
• A letter from the bank confirming the deposit;
• Medical insurance;
• Proof of residence in Dubai;
• A document confirming work experience and pensioner status.

A pensioner with a monthly income of 2,000 AED must provide

• Passport;
• A document confirming a certain level of income;
• Proof of length of service and pensioner status;
• Health insurance.

When sponsoring dependents, the following must also be submitted

• Passports of dependents (sponsored);
• Copy of marriage certificate;
• Copy of the child's birth certificate.

1. If the applicant has previously resided in the UAE, he/she must submit a photocopy of the current visa and UAE ID. The same requirement applies to sponsored dependants.

Resident Visa for Retired Persons in Dubai: Step-by-Step Guide

When all the documents are collected, you should proceed according to the following scheme:

1. Submit the application along with the document package to retireindubai@dubaitourism.ae.
2. Pay the application fee.
3. Wait for a satisfactory response to your application.
4. Take a medical examination (together with your dependents).
5. Obtain Retirement Visa and Emirates ID.

Want to get a UAE Retiree Visa? Then you should definitely contact our experts. We guarantee results in the shortest possible time. Book a free consultation and we will definitely help you!

Contacts

United Arab Emirates, Dubai, Barsha Heights, I-Rise Tower, 29th Floor, Office 5