UAE Offers Permanent Residence for Rich Retirees

Date:

The UAE Cabinet on Sunday approved a law that would allow expatriates to stay on in the country long after they retire with certain requirements. — Twitter photo

ABU DHABI (WAM) — The UAE Cabinet on Sunday approved a law that would allow expatriates to stay on in the country long after they retire.

The law, which will be in effect as of 2019, outlines the requirements to qualify for the long-term visa such as having an investment in a property worth Dh2 million, or having financial savings of no less than Dh1 million, or having an active income of no less than Dh20,000 per month. And as long as these conditions are met, the visa will be automatically renewed.

As part of the government’s keenness to develop the human competencies across the federal government and to optimise human resources, the UAE Cabinet has approved the project of Succession Planning and Talents Pool in the federal government. The project aims to ensure that the Emirati manpower is equipped with the necessary tools to assume leadership and specialised positions.

The Cabinet adopted the unified national standards for public and private hospitals, which is in line with the UAE Vision 2021, to improve the level of services provided in the UAE in accordance to best standards and best international practices.

theclarionindiahttps://clarionindia.net
Clarion India - News, Views and Insights about Indian Muslims, Dalits, Minorities, Women and Other Marginalised and Dispossessed Communities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

EU Commissioner Urges More Aid Access to Gaza as Floods Sweep Through Displacement Camps

'The rain makes a crisis that was already unbearable...

Around 80% of Palestinian Prisoners Suffer from Scabies in Israeli Jails: Advocacy Group

Children are among those affected by disease amid repeated...

‘She Wishes She had Died’: Gaza’s Amputee Children Left to Suffer as Israel Blocks Treatment

1,134 children have undergone amputation in the Gaza Strip...

Israel’s President Picks Eisenkot over Netanyahu to Form Next Government

The former army chief has 28 days to build...