Abu Dhabi: The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has introduced new regulations regarding the issuance of residency and identification cards for retired residents in the UAE.
As part of the update, residents aged 55 and above can now apply for a 5-year residency visa. According to the ICP, individuals must have worked for at least 15 years, either inside or outside the UAE.
Additionally, applicants must meet at least one of the following financial criteria: they must own property worth a minimum of Dh1 million, have savings of at least Dh1 million, or earn a monthly income of no less than Dh20,000 (or Dh15,000 in Dubai). A bank statement from the last six months is also required for the application.
