Big News! Gov Approves Visas For Retired Expats

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Big News! Gov Approves Visas For Retired Expats

In a move that will ‘contribute to attracting this valuable category and support the UAE efforts to achieving more flexibility in terms of residency laws and visa requirements,’ the UAE cabinet approved amending the conditions for granting residency to retired foreigners.

A retiree needs to fulfil certain criteria to be eligible for the vias. The announcement was made at a cabinet meeting that was held at Expo 2020 in Dubai on Tuesday.

HH Sheikh Mohammed made the announcement on Twitter, he also announced the UAE grants temporary licence to test self-driving vehicles

 

The criteria

  • Owning a single property or more than one property worth AED1 million (evaluation to be carried out by the related entity in each Emirate)
  • a bank deposit of no less than AED1 million
  • An active income of no less than AED180,000 per annum

At the same cabinet meeting, the UAE granted a request submitted by the Ministry of Interior to start testing autonomous cars on UAE roads

The UAE will be the first country in the Middle East and the second globally to test self-driving cars on its streets. Our goal is for this type of vehicle to be safer, safer and more reliable. We are awaiting the report of the Ministry of Interior, in coordination with the Office of Artificial Intelligence, for the results of the tests, to take the appropriate decision

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