Long-Term Investment Visa for Expat Retirees

Special Long-Term Residency Visa for Expatriates  After Retirement: 
■ Expats retirees over the age of 55 years will get 5-year visa, with the possibility of renewal. 

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 Dh2 million, or having financial savings of no less than Dh1 million, or having an active income of no less than Dh20,000 per month. And as long as these conditions are met, the visa will be automatically renewed.

For an expat to be eligible for a long-term visa, the requirements include:

■ An investment in a property worth Dh2 million (about $545,000), or 

■ Financial savings of no less than Dh1 million, or

■ An active income of no less than Dh20,000 per month.

Major Cabinet decisions on visas announced this year

■ Abolished mandatory bank guarantee for labour recruitment and replace it with a low-cost insurance system 
■ New visa facilitation procedures for visitors, residents, families & people overstaying visas adopted  
■ Approved UAE exemption of transit passengers from all entry fees for first 48 hours approved. Transit visa extension for up to 96 hours for a fee of Dh50   
■ New six-month visa introduced for job seekers who overstayed their visa but wish to work in the country
■ 10 years visa for professionals such as doctors, engineers, specialists working in medicine, science, research and technical fields 
■ Approved five-year visas for students and 10-year visa for "exceptional" graduates
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