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UAE Cabinet approves a law to provide special residency-visa privileges for expat retirees

UAE Cabinet approves a law to provide special residency-visa privileges for expat retirees

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has approved a law to provide special residency-visa privileges for expats retirees over the age of fifty-five years for a period of five years, with the possibility of renewal, according to specific conditions.

The law, which will be in effect as of 2019, outlines the requirements to qualify for the long-term visa such as having an investment in a property worth AED2 million, or having financial savings of no less than AED1 million, or having an active income of no less than AED20,000 per month.

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