New law for expat retirees in UAE : Everything you need to know

There’s a whole lot of new rules and regulations bringing about some big changes to the UAE.

First off, as of next year, if you’re over 55 and planning to retire there will be a special five-year visa you can opt for that allows you to stay in the country.

Long-term visa for expats

For an expat to be eligible for a long-term visa, the requirements include:

■ An investment in a property worth Dh2 million, or

■ Financial savings of no less than Dh1 million, or

■ An active income of no less than Dh20,000 per month.

The UAE cabinet also introduced a ‘one-day court’ system, that’ll help fast track minor cases on passing a verdict.

Meanwhile, Emiratis will no longer need a visa to get into Russia. Both countries have agreed to waive any visa requirement.

The UAE has also agreed to establish an embassy in the Zimbabwean capital Harare. In addition to that, an agreement has been signed between the UAE and Cyprus which will see them work together on a range of economic and technical areas.

In order to help the industrial sector, factories will have their electricity bills reduced. From the fourth quarter of this year, large factories will be charged 29 per cent less while small and medium ones will have their electricity bills cut by 10 to 22 per cent. Meanwhile, the service connection fees for new factories will be waived.

And that’s not all! A unified set of standards will be adopted by all hospitals, private and public, so all healthcare professionals can follow the same rules such as patients’ rights and medicine standards.

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