Among the benefits that volunteering in the United Arab Emirates (UAE) brings is also the opportunity to acquire residency through the Golden Visa Program.
The Residency by Investment scheme (RIP) permits wealthy internationals to reside in the UAE for a period of ten years by financially contributing to this territory and meeting specific conditions, VisaGuide.World reports.
UAE’s Golden Visa Program introduced in 2019 to attract internationals was subject to new changes in March this year. Authorities in UAE announced plans to introduce a ten-year golden visa and five-year silver licenses. The idea was discussed during the government’s Economic Integration Committee.
The new changes were announced in order to increase government revenue, ensure business continuity and also promote economic growth.
Criteria for Benefiting from the Golden Visa Program
The Federal Authority for Identity, Citizenship, Customs, and Port Security has stressed that among the conditions to benefit from the Golden Visa of UAE are the following ones:
Members of international or regional organizations who have worked with them for five years or more.
Members of public benefit associations and institutions or distinguished workers in them for five years or more.
Those who have won awards from organizations that focus on helping others locally, regionally, or internationally.
Financial supporters who have donated at least 2 million AED or its equivalent to humanitarian work.Top of Form
Platforms Helping to Benefit from Golden Visa by Volunteering
In order to benefit from this option, internationals are eligible to choose several platforms for doing so, including the following ones:
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- Emirates Red Crescent
- National Volunteer Program for Emergencies, Crises and Disasters
- Dubai Volunteering Center
- Sharjah Volunteering Center
- Dubai Cares
- The Authority of Social Contribution (Ma’an)
Such criteria show the commitment of the UAE to recognizing and rewarding those who contribute to the greater good. If a person meets any of the qualifications mentioned above, may be eligible to benefit from the Golden Visa scheme.
Abolishing Minimum Down Payment
Earlier this year, the UAE lifted the minimum down payment of Dirhams one million (Rs 2,26,31,327) needed for those interested in acquiring residency through the Golden Visa program.
Group CEO of RAKBank, Raheel Ahmed, told Khaleej Times that such a decision is a very positive development for the new businesses.
“The more longevity you have, the more you can be sure that you have sustainability of your business model. SMEs are small businesses, and they can’t forecast accurately as economic factors and business models change.” Group CEO of RAKBank, Raheel Ahmed,
Facilitating the process of benefiting from the Golden Visa scheme is expected to make a significant contribution to the economic sector.