Criteria for a retirement visa in UAE expanded


In the latest of a long line of visa initiatives and announcements, on Tuesday 9th November the UAE Cabinet amended the laws to grant residency to expat retirees.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired the Cabinet meeting at Expo 2020 Dubai.

Today, we approved the conditions for granting residency to an expat retiree… We welcome everyone to our country,” Sheikh Mohammed said in a tweet.

As per the amendment, if the retiree can fulfil one of the following criteria, they will be eligible for a retirement based residency visa:

  • Owner of a single property (or more than one property) worth 1 million AED (evaluation to be carried out by the related entity in each Emirate);
  • or a bank deposit of no less than 1 million AED;
  • or an active income of no less than 180,000 AED per annum.

Please contact us for more information on applying for a retirement visa.

5-year multiple entry visa update

Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, announced on Tuesday that Dubai had begun to issue multi-entry, five-year visas to employees of multinational companies based in the Emirate.

Sheikh Hamdan said the policy was part of efforts to make Dubai the “best city to work and live in the world”.

The visa aims to further simplify application procedures, provide ease of access to the city and extend the duration of stay for international visitors.

“The five-year multi-entry visa is especially beneficial to employees of foreign-owned firms as it enables them to participate in events, conferences, training courses, exhibitions and similar activities hosted in Dubai by these companies,” Dubai Media Office reported.

The new visa has been introduced by the General Directorate of Residency and Foreigners Affairs in partnership with Dubai’s Department of Economy and Tourism. It allows employees of multinational companies to visit and stay in the UAE for 90 days, with the option of extending this period for another 90 days.

Alpha Management can help with the application for all of these new visa initiatives. Please contact us for guidance or further information.