DUBAI: The UAE announced a new visa for retired expats living in the country on Tuesday during its latest cabinet meeting held at the Expo 2020 Dubai site.
UAE Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, took to twitter to make the announcement.
“Today, we approved the requirements needed to grant retired foreigners residency visas. This will allow retirees to continue their stay in the UAE. We welcome everyone in our country,” he tweeted.
The announcement follows an earlier decision made in September, introducing ‘Green’ and ‘Freelance’ visas.
The Green Visa allows entrepreneurs and pioneers to sponsor their sons until the age of 25 and their parents, while the Freelance Visa grants owners of businesses or self-employed people residency.
Previously entrepreneurs and pioneers could only sponsor their sons until they were 18.