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Your Absolute Guide to Getting a Retirement Visa

VISA:
A pass given to a person who is willing to enter a country and makes their suitation that is suitable to join or need to work for a company they want is called Visa. Visa is something that is primarily needed to enter a country.

Types of visa:

  • Employment visa
  • Business visa
  • Project visa
  • Entry visa
  • Tourist visa
  • Research visa
  • Conference visa
  • Transit visa
  • Medical visa

 

EMPLOYMENT VISA:
Employment visa is given to highly skilled individual into take up employment.

BUSINESS VISA:
Business visa is for visting any country for a business

PROJECT VISA:
Project visa is for executing projects in the iron and steel sector.

ENTRY VISA:
Entry visa is for accompanying families and nationals

TOURIST VISA:
Tourist visa is for visting any countries for tourism

RESEARCH VISA:
Research visa is for pursuing research in any field

CONFERENCE VISA:
Conference visa is for getting a international seminars/by govt/PSUs/NGOs

MEDICAL VISA:
For seeking medical treatment on that country at recognized and specialized in hospitals and treatment centres

RETIRMENT VISA:
It is for the aged or worked people who are willing to get enjoy or fulfil their dreams after their retirement.

A retirement visa is a perfect path to make their dream come true

COUNTRIES OFFERING WITH RETIREMENT VISA:

  • EUROPE
  • CENTRAL AMERICA AND SOUTH AMERICA
  • ASIA
  • TROPICAL ISLAND

 

Some countries offer great financial incentives to expatriate retirees tax

  • No tax on out-of-country earning
  • You can bring in household items of worth $20,000 duty free
  • Sales tax exemption on item up $50,000 when constructing a home

 

How to get a retirement visa:
People are often surprised at how to qualify for moving abroad based on your available income. Your retirement income can be from various sources, including your social security, pension, au unity, or income for existing investement.

COUNTRIES WITH RETIREMENT VISA:

  • Spain: visa requires US $30,000 income
  • Portugual: visa requires $15,000 income
  • Ireland: visa of minimum of USD $60,000 income
  • UK: visa of USD $40,000 income


VISA PROGRAMS WITH NAMES:

  • Passive income visa
    Income visa
  • Person of independent means visa
  • Non – lucrative visa
  • Elective residency visa
  • Rentista visa

 

Many countries require documents for visa:

  • Must have a bank account in the country they need to go for the retirement visa
  • Monthly income or pension
  • A complete TM7 form
  • Your passport
  • Two passport sized photos
  • Copies of passport and its relevant pages
  • A copy of bank book

 

Especially we can talk about Dubai:
Dubai is one of the destinations where you can find a place to cut off from your wish-list. It keeps the plan fascinating for travelers visiting Dubai.
It gives a retirement visa for people who are looking for retirement escape. This is the place you can find life’s finest things be it the tall Burj Khalifa to the breath-taking Dubai coastline. YOU HAVE IT ALL.

The city announced “retirement programme” that states foreigners and expatriates can live in the city of gold for five years after retirement.


ELIBILITY TO APPLY:

  • Any person above the age of 55 years can apply
  • Person should hold a valid health insurance on Dubai

FINANCIAL ELIGIBILITY:

The person availing the visa should have:

  • AED 20,000 monthly income
  • AED 1 million savings
  • AED 2 million property in dubai

 

Prime terms:

Earlier only Dubai expats and their spouses could apply
Then the program was made for foreigners and has a validity of 5years
The visa can be renewed automatically online
Retirees can work independently should apply for health insurance
The Application process takes around 15 days and one can sponsor his/her children to study in Dubai with visa

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