Dubai offers a viable route for UK retirees over 55 to obtain long-term UAE residency through the Retirement Visa Program, but starting a business while on this visa comes with restrictions. Retirees cannot sponsor a commercial license in their own name unless they switch to a business-linked visa (e.g., investor or partner visa). However, they can own shares in a UAE company and appoint a resident general manager to handle daily operations. Alternatively, they may partner with their children or spouse who holds a business visa. This article explores all available visa structures, age-related constraints for ownership, health insurance requirements, and practical business setup workarounds.
• Retirees can't directly manage businesses on a Retirement Visa.
• Opening a personal bank account is possible; business accounts are not.
• A switch to a business visa is needed for direct business involvement.
• Health insurance and proof of financial stability are mandatory.
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No, retirees cannot directly manage businesses on a Retirement Visa but can own shares and appoint a manager.
Yes, a switch to a business visa is required for direct business involvement in Dubai.
UK retirees can open personal bank accounts; however, business accounts require a trade license.
Health insurance and proof of financial stability are mandatory for obtaining a Dubai Retirement Visa.
A common mistake is attempting to register a trade license under a Retirement Visa, leading to application rejections.
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