U.A.E. to Allow Expats Get Long-Term Residency Visa After Retirement

The video discusses the UAE's new residency criteria aimed at attracting wealthy individuals and boosting economic growth. It highlights the dual strategy of encouraging personal investment and supporting companies by reducing costs. The measures are expected to impact the real estate market positively, attracting individuals with higher incomes to invest in properties. The UAE is also competing with other countries to retain and attract businesses by lowering operational costs.

What is one of the financial criteria for obtaining residency in the UAE?

• Having assets worth 500,000 dirhams

• Owning a business worth 3,000,000 dirhams

• Owning real estate worth 2,000,000 dirhams

• Having a monthly income of 10,000 dirhams

What is one of the main goals of the UAE's economic strategies?

• To reduce the number of expatriates

• To attract and retain individuals who can invest

• To increase tourism

• To increase oil production

How much money was remitted from the UAE in 2017?

• $30 billion

• $60 billion

• $45 billion

• $50 billion

What measure has the UAE government taken to support companies?

• Increased taxes

• Cut electricity fees for big companies

• Reduced employee salaries

• Increased import duties

What is the expected impact of allowing people to stay longer in the UAE?

• Reduction in tourism

• Boost in real estate investments

• Increase in remittances

• Decrease in property investments