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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Goa Congress Hits out at BJP Govt for Skipping Nehru in Advertisement

PANAJI - The Congress in Goa has condemned the act...

Two Youth Stabbed after Veer Savarkar’s Flex Removed, Curfew Clamped in Karnataka City

SHIVAMOGGA - Karnataka police clamped prohibitory orders in Shivamogga city...

On I-Day, Jailed Activists Remembered, Atrocities on Muslims, Dalits Flagged 

Some on the social media remembered the activists and...