In a significant update, the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has unveiled new regulations concerning the issuance of residency and identification cards for retired residents in the United Arab Emirates. This initiative aims to streamline the process and enhance the services available to retired expatriates, providing them with greater ease and security in managing their residency status and personal identification.
In a landmark development, the UAE has introduced a new opportunity for expatriate retirees aged 55 and above to settle in the country. The newly launched 5-year residency visa, as announced by the International Cooperation Platform (ICP), offers a chance for retirees to experience life in the UAE while enjoying its vibrant culture and world-class amenities.
Visa Eligibility Requirements: A Comprehensive Guide
To be considered for this opportunity, applicants must have a minimum of 15 years of professional experience, accumulated either within the UAE or abroad.
To qualify for certain financial privileges, individuals must meet one of the following criteria: they should possess property valued at a minimum of Dh1 million, hold savings of at least Dh1 million, or earn a monthly income of no less than Dh20,000 (or Dh15,000 specifically within Dubai).
For the purpose of processing your request, please provide a bank statement covering the last six months. This document is essential to complete the necessary procedures and ensure a smooth and efficient process.
This residency visa grants a five-year validity period, with the possibility of renewal, provided that the applicant continues to fulfill the established criteria.
The Immigration and Citizenship Department (ICP) has provided a clear and streamlined process for retired residents to apply for a residency permit and UAE ID card. Applicants can easily access the full procedure through the ICP’s official website or by utilizing the convenient UAEICP smart application. These digital platforms ensure a smooth, user-friendly experience for retirees seeking to settle in the UAE with all necessary documentation.
A Step-by-Step Guide to the Application Process
- Log In with UAE Pass
- Select UAE ID and Residency Services
- Review and Update Your Details
- Receive Your ID Card
Dubai’s Exclusive Retirement Regulations: A Seamless Experience for Retirees
In line with global trends and local ambitions, Dubai has launched an exclusive initiative to entice retirees from around the world. This new program offers a unique opportunity for foreign nationals, along with their spouses and dependents, to secure a renewable 5-year residency visa. To qualify, retirees must meet specific criteria set by the authorities, providing an attractive option for those looking to enjoy their golden years in one of the world’s most vibrant cities.
Principal Factor
To be eligible for retirement benefits, the individual must be a minimum of 55 years old. Additionally, they must meet one of the following financial criteria.
- Minimum annual income of Dh180,000, or a monthly income of at least Dh15,000, serves as a guideline for securing a stable and fulfilling life.
- The potential of investing Dh1 million in a fixed deposit over three years.
- Investing in unmortgaged properties offers valued at Dh1 million
- Setting aside Dh500,000 in a fixed deposit for a period of three years offers a secure and reliable investment option.The remaining Dh500,000 can be allocated to property
These measures are designed to offer retirees looking to settle in the UAE enhanced flexibility and security, allowing them to fully embrace their retirement years in the country. By providing a stable foundation, these initiatives ensure that retirees can enjoy a fulfilling and peaceful lifestyle in the UAE, free from worries about their future.