His Highness Sheikh Mohammed Bin Rashid Al Maktoum has launched an initiative for retirees from around the world to apply for a “UAE RETIREMENT VISA”. The retiree must have a monthly income of Dh20,000, or a balance of 1 million dirhams, or real estate worth 2 million dirhams in the UAE.
Contact us today to find out how you can take advantage of this GOLDEN OPPORTUNITY.
Retirees from age 55 and above will be granted the new 5-year renewable Dubai Retirement Visa if they have an active income of more than AED 20k per month or have a minimum of AED 1M in savings or have properties worth at least AED 2M. The Dubai Retirement Visa is available to you, your spouse and your children.
This latest development, along with the UAE and 100% ownership of foreign companies has changed the dynamic of living for expats in the country.
In a nutshell, you are eligible for the Dubai Retirement Visa if you are older than 55 years, have a valid UAE medical insurance and fulfill one of these financial requirements below:
- AED 20,000
(approx. USD 5,500)
- AED 1 million
(approx. USD 275,000)
IN CASH SAVINGS
- AED 2 million
(approx. USD 550,000)
PROPERTY IN DUBAI
With a Dubai Retirement Visa you are assured that your family, business and wealth is secured and highly protected within the vehicles available in the country.
Indeed, there has never been a better time to consider moving to the UAE than now—relocation has become simpler and easier than ever before especially with the recently introduced UAE Retirement Visa.
At Wincore Advisory Group, we assist our clients to obtain world-class alternative residencies in Europe and the UAE. Our team of experienced International Residency and Citizenship experts can support and guide you every step of the process to obtain a UAE Residency.
For Support and assistance on obtaining a UAE residency Get in Touch with our Corporate Team Today
Wincore specializes in Tax, Estate, Corporate and Fiduciary matters. We provide pragmatic, flexible and efficient solutions to individual entrepreneurs, startup businesses, foreign and local SMEs, multinationals, wealthy international families, HNWIs and UHNWIs.