About Retirement Visa Law in Dubai, United Arab Emirates
Retirement Visa in Dubai is a relatively new law that was enacted in 2018. Under this law, retirees and their spouses are able to live in Dubai with a five-year renewable visa. This visa does not require the visa holder to have a local sponsor. Instead, the visa holder must meet a few financial prerequisites such as owning a property in Dubai worth at least AED 2,000,000, or having financial savings of no less than AED 1,000,000, or having an active income of no less than AED 20,000 per month.
Why You May Need a Lawyer
In some cases, it can become complex to navigate through the requirements and formalities of the visa application. Legal counsel may be necessary to ensure all documents are properly identified, filled, and submitted on time. Mistakes in the visa application process can lead to significant delays, or even denial of the visa. Additionally, a lawyer can help if there are complications or changes in the person’s financial or marital status.
Local Laws Overview
The primary laws applicable to Retirement Visa in Dubai are the UAE Federal Law No. 6 of 1973 Concerning the Entry and Residence of Foreigners, and the Executive Regulations of this law. According to these laws, all foreigners residing in UAE should have a sponsor, but as per the new visa law, a retiree can be his or her own sponsor. Furthermore, the visa validity is five years and is renewable given the retiree still meets the eligibility standards.
Frequently Asked Questions
1. Can the retiree’s dependents also live in Dubai?
Yes, the retiree’s spouse and children can also get the visa provided the retiree meets the applicable financial prerequisites.
2. Can the retiree work part-time in Dubai?
Yes, the retiree can work part-time, but a work permit is needed which could be obtained from the Ministry of Human Resources and Emiratisation.
3. What happens if the retiree fails to meet the financial prerequisites during the tenure of a valid visa?
The visa may not be renewed in such cases. Immediately contact your legal counsel to understand the situation in detail.
4. Can the retiree own a business in Dubai?
Yes, retirees can own a business in Dubai, but certain guidelines and rules need to be met. It’s recommended to seek legal advice to fully understand the process.
5. Is the retirement visa only applicable to Dubai?
The retirement visa scheme was first initiated in Dubai but is gradually being introduced throughout the UAE.
Additional Resources
For up-to-date and verified information related to Retirement Visa, you may refer to official websites of UAE government, Dubai immigration department and the General Directorate of Residency and Foreigners Affairs. Also, independent law firms in Dubai often publish helpful articles and legal advice on their blogs and websites.
Next Steps
If you need legal assistance for Retirement Visas, start by contacting a law firm that specializes in immigration law in the UAE. Have all your financial details and identification documents ready as those will be required during the consultation. Remember to ask any questions you have and make sure all your doubts are cleared before proceeding with the application process.
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