Tuesday, September 17, 2024

3 Visas That Allow You to Live in UAE Without Working in Country

1. Remote Work Visa – One year

Expatriates in the UAE have the option to obtain a self-sponsored residence visa, specifically designed for remote workers. This visa allows individuals to live and work remotely in the UAE for one year. Key eligibility criteria include proving remote employment for a non-UAE organization, having a minimum monthly income of US$3,500, possessing a passport with at least six months’ validity, and securing valid health insurance covering residency in the UAE. Additionally, this visa permits remote workers to sponsor their family members in the UAE.

2. Real Estate Investor Visa – Two- or 10-year visa

Real estate investors in the UAE can secure a self-sponsored residence visa based on their property investments. For a two-year visa, individuals need to own property valued at Dh750,000 or more, either individually or jointly with a spouse. Alternatively, those who invest in properties worth Dh2 million or more may qualify for the coveted Golden Visa, valid for 10 years. Golden Visa eligibility extends to investors purchasing property through specific local banks or acquiring off-plan properties of at least Dh2 million from approved local real estate companies.

3. UAE Retirement Visa – Five years

A retirement visa is available for individuals aged 55 or older, offering a long-term stay of five years in the UAE. To qualify, applicants must have a minimum of 15 years of work experience inside or outside the UAE or be 55 years old at the time of retirement. Financial criteria include owning properties totaling at least Dh1 million, possessing savings of no less than Dh1 million, or having a monthly income of Dh20,000 (Dh15,000 for Dubai residents). Bank statements for the preceding six months must be provided to support the financial requirements.

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