Including that the annual income is 180 thousand dirhams

6 requirements to obtain a residence visa for foreign retirees in the country

“Retirement in Dubai” targets retirees who are at least 55 years old.

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The Federal Authority for Identity and Citizenship has identified six requirements for obtaining a residence visa for foreign retirees in the country, for a period of five years, which is proof of a financial deposit of not less than one million dirhams or its equivalent in foreign currencies, a pledge to transfer the financial deposit or investment in the value of the deposit within the country, and another account statement Six months, which includes proof of annual income of at least 180,000 dirhams or its equivalent in foreign currencies, a certificate of experience of at least 15 years, a color photograph, and a copy of the passport.

The authority explained that the service that can be applied to through its smart application enables the foreign retiree to issue a residence visa for his family members, explaining a set of terms and conditions when applying for this visa, including that the application can be submitted to family members, even if their residence is effective and not expired, and in If the application is approved, and the residence of the family member is effective and not expired, the status of the application will be changed to “Waiting for residence cancellation - visa”, and a notification will be sent to the customer to cancel the residence or visa of the family member.

After canceling the visa or residence for the family member, the status of the application will be determined automatically, and sent for verification.

She cautioned that the application will be canceled electronically after 30 days, in the event that the application is returned due to deficiencies in the data or failure to complete the required documents, noting that the entire application fee that is collected may be non-refundable in the event the application is rejected, calling on individuals to review the receipt The application, to know the fees refunded in case the application is rejected.

In a related context, the “Retirement in Dubai” visa program allows obtaining a residence permit for five years, subject to renewal, and it targets retirees who are at least 55 years old, who meet one of the following financial options: Having a monthly income of 20,000 dirhams, a pension or from Previous place of work, savings of one million dirhams in a fixed deposit for a period of three years, investment in a non-mortgaged property of two million dirhams, or a fixed deposit of no less than two million dirhams for a period of three years, and a real estate that is not mortgaged.

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