Abu Dhabi Sets Income Threshold for Retirement Visa
The Abu Dhabi Residents Office has published the financial requirements for foreigners to qualify for the UAE's retirement residence visa. A minimum annual income of AED 240,000 (approximately ₦106.6 million) is one of the key thresholds.
The retirement visa is valid for five years and is available to foreign nationals who meet at least one of three financial conditions. The first condition requires an investment of at least AED 1,000,000 or ownership of properties in the UAE valued at no less than AED 1,000,000.
The second option allows applicants to qualify through a fixed deposit of at least AED 1,000,000 in a financial institution. The third option, which has garnered significant attention, necessitates proof of a fixed annual income of at least AED 240,000.
Applicants must submit specific documentation depending on the route they choose, including bank statements and property value certificates.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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