New: Retirement Visa announced for the 1st ever-time by Dubai PM!
Posted on: 04/Sep/2020 8:08:37 AM
In Dubai, Prime Minister Sheikh Muhammad announced an altogether new ‘Retirement Visa’ for the 1st ever-time for the citizens aged over 55!
Under the Plan ‘Relaxing post-service in Dubai’, individuals over 55 years of age can apply for residing (staying) in Dubai.
Individuals of above 55 years of age from UAE (United Arab Emirates) and from other countries can apply for shifting residence to Dubai under this scheme.
The candidates interested in this scheme can apply online: website: www.retiredindubai.com
The conditions for getting the Retirement Visa are:
After retirement from service, the person must earn Rs. 4 Lakhs per month through investments or pension. Otherwise, the person must have a savings of Rs. 2 Crores in the bank. Or else, the individual must have a property of Rs. 4 Crores in Dubai.
Ramesh Bhagi, a resident in Dubai hailing from India and senior personnel working in a private fuel and Gas organisation in Dubai, shared regarding this scheme:
“This is another step taken by the Dubai Government as per its plans. There are many aged couples from India who have worked for several years in Dubai. In my personal view, Dubai happens to be the first place for living. The introduction of this new retirement Visa reflects how much the Government of Dubai respects the long-time working employees from abroad! It gives robust confidence among the working cadre citizens!”
The tradition until now has been for the people to work in Dubai, earn and take the saved earnings to the native country. However, the latest scheme by Dubai Government, as explained above, has created an entirely different approach to the retired life.
