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The Government of the United Arab Emirates (UAE) has launched a retirement visa program for those aged 55 and above, which is applicable across the Emirates, including Al Ain. This is a five year renewable visa that enables retirees and their spouses to stay in the UAE. The visa is often sought by foreign nationals who wish to extend their stay in the UAE post retirement.
While the retirement visa process may seem straightforward, it has various legal nuances that require careful understanding. For instance, you need to fulfill one of the stipulated financial conditions such as owning a property in the UAE, having financial savings or an active income. A lawyer can guide you through the requirements, help you gather the necessary documents, ensure accuracy, and prevent any legal complications. If you have investments in the UAE, a lawyer can also assist you in managing them in accordance with UAE laws.
The retirement visa law states that applicants must be 55 years or older and meet at least one of the three financial criteria: owning a property in the UAE worth AED 2 million or more, having financial savings of no less than AED 1 million, or having an active income of no less than AED 20,000 per month. Furthermore, if you are the owner of a company, you need to have shares equivalent to AED 10 million or more. The visa is renewable every 5 years as long as these conditions are maintained.
If you cannot meet any of the financial criteria, you might not be eligible for the retirement visa.
Yes, if you fail to meet the ongoing financial criteria, your visa may be cancelled.
Yes, your spouse can stay under your retirement visa, although separate conditions may apply.
If you leave the UAE and do not return within six months, your retirement visa may be cancelled.
Yes, a retiree with this visa can work, provided they obtain necessary permissions from relevant authorities.
For more detailed information, you can visit the official websites of the UAE Government or the General Directorate of Residency and Foreigners Affairs. Besides, legal consulting firms and UAE embassies in your home country can provide valuable help.
If you require legal assistance in acquiring a Retirement Visa, it is advisable to consult with a legal professional familiar with UAE immigration laws. They can help you understand the requirements and compile necessary documents, easing the process.
