The United Arab Emirates government is keen to honor its elderly expatriates and has introduced the 'Retirement in Dubai' program through the Department of Tourism and Commerce Marketing in Dubai. This initiative, which was intended for all retirees, is carried out in collaboration with the General Directorate of Residency and Foreigners Affairs in Dubai, through which it allows expatriates above the age of fifty-five to obtain a long-term residency visa. The retiree, under this program, can acquire a five-year residency visa, which can be renewed upon meeting specified conditions
Conditions for obtaining golden residency for a retiree:
Retired expatriates over the age of 55 can obtain a five-year residence visa in order to stay and live in the Emirates if the resident meets a set of conditions and requirements, including:
Investment in a property worth two million UAE dirhams
Financial savings should not be less than one million UAE dirhams.
Proof of income of no less than AED 20,000 per month
Advantages of retirement residency in the Emirates:
Easy procedures in inviting family members, such as husband and children
Granting residency to children 25 years old
Granting residency permits to unmarried girls and children of determination, regardless of age.
Tax exemption. Living in a multicultural community, a high-quality lifestyle
The ILS CONSULTANCY team of specialized advisors provides all retired investors with constructive advice and clear legal consultation on obtaining the golden residency and provides all the necessary services to facilitate the process.
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