Latest news with #DubaiInternationalBoatShow2025
Business Recorder
08-07-2025
- Business
- Business Recorder
Dubai: No golden visa for digital currency investors
Dubai authorities announced Monday that golden visas are issued according to clear and officially approved frameworks and criteria, which do not include digital currency investors. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying reports it said have been circulating on certain websites and social media platforms that claim the UAE grants golden visas to investors in digital currencies. Content creators become focus, eligible for Dubai golden visa as city looks to attract 10,000 influencers The announcement came afte, Max Crown, CEO of the Ton Foundation, posted on X that 'Toncoin has just launched a groundbreaking initiative, offering TON holders the exclusive chance to secure a 10-year Golden visa' (for UAE) after 'staking $100K in $TON for 3 years', paying a one-time fee of $35,000 and unlocking funds after three years. However, the foundation later said in a blog post that the arrangement was part of a collaboration with an undisclosed partner 'specializing in blockchain infrastructure and tokenized assets' and acknowledged that the UAE government had no direct involvement in this. The ICP in its statement said eligible categories for the coveted visa include real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers, and frontline workers. Meanwhile the SCA said its procedures are designed to ensure transparency, credibility, and bolster investor confidence both locally and internationally, in line with the UAE's goals of attracting quality capital and fostering a sustainable investment environment. The authority further confirmed that digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility. It urged investors to obtain information from credible, official sources to avoid misinformation or fraud. Why Pakistani actors should capitalise on Dubai golden visa, follow Saba Qamar and Humayun Saeed lead Similarly, VARA denied any claims regarding the issuance of golden visas to virtual asset investors in Dubai. It urged investors and consumers to deal exclusively with fully licensed and regulated companies when engaging in services and investments related to virtual assets. VARA also noted that companies it licenses must strictly adhere to the visa procedures outlined by the Government of Dubai and the relevant federal authorities. It also clarified that the company TON is neither licensed nor regulated by VARA. Dubai International Boat Show 2025 underway as Golden Visa announced for yacht-owners The three authorities urged the public and investors to exercise caution and refer to official government websites and approved communication channels for accurate information. They warned against engaging with unverified advertisements or offers spreading online.
Zawya
26-03-2025
- Business
- Zawya
Iftar Onboard _ Gulf Craft hosts exclusive private viewing of the Majesty 112 terrace at Dubai Harbour Marinas
Dubai, UAE - Gulf Craft, the UAE's pioneering yacht builder, hosted an exclusive private viewing of the Majesty 112 Terrace at Dubai Harbour throughout Ramadan, following its remarkable showcase at the Dubai International Boat Show 2025. This intimate iftar experience offered clients and industry insiders the opportunity to explore the latest addition to the Majesty fleet in an elegant and serene setting of Dubai Harbour Marinas with a stunning sunset skyline as a backdrop. As a brand synonymous with innovation and craftsmanship, Gulf Craft continues to solidify its global leadership in yacht manufacturing. The Majesty 112 Terrace is a new trideck from the shipyard. Since the superyacht is semi-custom, buyers can choose up to six staterooms, plus arrange lounges as they wish. Additionally, a wide range of materials for wall panelling, soles, and furnishings is available. Similar to many yacht buyers these days, Majesty' clients are leaning towards natural materials and soothing tones and textures. They're further leaning toward open floor plans for the main deck. The ongoing private viewing provides discerning clients with the chance to appreciate the yacht's meticulous craftsmanship, expansive living spaces, and advanced engineering in a personalised setting. 'Ramadan is a time of reflection and meaningful connections, and we wanted to offer our clients a unique opportunity to experience the Majesty 112 Terrace in an intimate atmosphere. The overwhelmingly positive response at the Dubai International Boat Show reinforced our vision for the Majesty brand, and this private viewing allowed us to further engage with our valued clientele in a bespoke environment', commented, Mr Mohammed Hussein Alshaali, Chairman Gulf Craft Group. The Majesty 112 Terrace redefines contemporary superyacht living, featuring expansive deck areas, an optimised hull design for superior performance, and a seamless integration of indoor and outdoor spaces. With refined interior finishes and state-of-the-art technology, it is crafted to meet the evolving expectations of modern yacht owners who seek both luxury and efficiency. With a growing international presence and a steadfast commitment to excellence, Gulf Craft continues to elevate its global standing while staying true to its Emirati heritage. Hosting this exclusive private viewing throughout Ramadan at Dubai Harbour Marinas underscores the brand's dedication to offering unparalleled experiences that resonate with the lifestyles and traditions of its clientele. As Gulf Craft expands its footprint across key markets, the Majesty 112 Terrace stands as a testament to the shipyard's forward-thinking approach and unwavering pursuit of excellence in the yachting industry.
Khaleej Times
24-02-2025
- Automotive
- Khaleej Times
Dubai now offers online licence for boat, vessel; how to apply, costs explained
Those looking for a licence to ride boats or vessels, typically for recreational or professional purposes, can now take the test online. If you pass the exam, you will receive the marine licence without visiting the authority in person, according to the Dubai Maritime Authority of Ports, Customs and Free Zone Corporation (PCFC). "After submitting the required documents, applicants must pass a multiple-choice theoretical exam. The number of questions varies depending on the size of the vessel: applicants for a licence to drive boats up to 12 meters in length must answer 25 questions. In comparison, applicants for boats up to 24 meters in length must answer 50 questions," Rashid Khalifa Al Falasi, manager of Maritime Enablement, Maritime Operations Department at Dubai Maritime Authority of PCFC. Types of marine licenses Speaking to Khaleej Times at the recently concluded Dubai International Boat Show 2025, Al Falasi explained that two types of marine licences are available: a pleasure licence for private boat owners and a commercial licence for vessels used for commercial purposes, such as tourist yachts or floating restaurants. The application process categorises applicants based on their age and the vessel size they intend to operate. The theory test follows international maritime safety and navigation standards. Refresher course The authority provides refresher training courses for those who have previously taken training courses but have failed the theory test. "A refresher course is available at a reduced fee of Dh500 for those renewing an expired license. This one-day course consists of a four-hour session and is designed to help applicants prepare for the license exam." Costs of obtaining the license "The courses focus on rules of the road, personal survival, firefighting, fire prevention, and principles of navigation." Al Falasi added. He explained that obtaining a marine driving license includes an application fee of Dh500 valid for five years, an exam fee of Dh600, and an additional fee of Dh20 for innovation and knowledge services," Al Falasi said. He explained that the demand for marine licenses in the UAE is steadily increasing, with more than 2,000 licenses issued annually. In 2023, the number of marine licences issued reached 3,124, and it increased to 3,913 in 2024. How to apply Applicants must first download the Smart DMA app and log in using UAE Pass. Once registered, they can access their profile and begin the application process. Those who have completed an accredited training course must upload their course certificate through the app. The Dubai Maritime Authority and other accredited institutions provide training programmes. Applicants for a commercial marine licence must pass an additional practical test. Unlike pleasure licences, which allow individuals to drive private boats, commercial licences are mandatory for vessels used for business, including floating restaurants and passenger yachts, given the greater responsibilities involved in operating commercial vessels. Crew members on tourist boats and floating restaurants must complete a specialised crowd management course given by the authority. "This training ensures that they can handle emergency evacuations for vessels carrying more than 50 passengers," he said. Similarly, companies renting jet skis must have one certified supervisor for every five passengers. These supervisors must complete a jet ski instructor course, which the authority also offers, to ensure the safety of all participants," AlFalasi added. Age requirements The age requirements for obtaining a marine license depend on the size of the vessel. Applicants must be at least 16 to operate private boats up to 12 metres in length, 18 for boats up to 24 metres in length, and 20 for vessels over 24 metres in length. The minimum age for obtaining a commercial marine license is also 20. AlFalasi confirmed that the process for obtaining a marine licence is the same for UAE nationals and expatriates, with identical fees, eligibility criteria and requirements for all applicants.
Zawya
23-02-2025
- Business
- Zawya
Dubai Maritime Authority concludes participation in Dubai International Boat Show 2025 with over 30,000 visitors
Sheikh Saeed: DMA Provides Various Facilitation Measures to Ease Procedures Related to Marine Activities and Recreational Water Sports in Dubai Waters The Dubai Maritime Authority (DMA) at the Ports, Customs, and Free Zone Corporation (PCFC) concluded its participation in the Dubai International Boat Show 2025, a premier international maritime exhibition held at Dubai Harbour from February 19 to 23. The event witnessed an overwhelming response from over 30,000 visitors eager to explore the latest services, innovations, and projects in the maritime sector. H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, visited the Dubai Maritime Authority's stand during the opening day of the exhibition, accompanied by H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, and H.E. Nasser Al Neyadi, CEO of the Corporation. Additionally, His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, also visited the Corporation's stand to review the portfolio of projects aimed at benefiting maritime investors and industry leaders. These initiatives contribute to enhancing Dubai's reputation as a global destination for recreational marine sports. Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, CEO of the Dubai Maritime Authority, emphasized the Authority's pride in launching a project to expand telecommunications network coverage in coastal waters, in collaboration with three strategic partners. This initiative aims to strengthen infrastructure in coastal and artificial island areas, in line with the continuous development of the emirate's maritime sector. He also highlighted that the Authority's participation aligns with its efforts to regulate the maritime sector in Dubai and provide various facilitation measures for marine and water sports activities. During the exhibition, the Authority introduced an online application service for issuing or renewing marine vehicle licenses, enabling visitors to complete their procedures seamlessly. As a result, approximately 45 new marine vehicle licenses were issued, reflecting strong visitor engagement with the digital service. As part of the exhibition's activities, Saeed Al Banai, Executive Director of Corporate Support Services at the Ports, Customs, and Free Zone Corporation, signed a Memorandum of Understanding with Octanta Maritime Training Academy for collaboration in the cruise industry training sector. The agreement aims to strengthen cooperation in training professionals at the QE2 Hospitality Academy by providing specialized and comprehensive training programs. In alignment with the vision of fostering partnerships and collaboration to achieve common goals, this Memorandum of Understanding is entered into by and between the First Party, which specializes in hospitality training for the cruise ship business, and the Second Party, operating a Marine training center in the United Arab Emirates, specializing in technical, health, and safety training, simulators for bridge and engine training management for candidates working in cruise ships globally. Recognizing their shared objectives and complementary expertise in training candidates for the cruise ship industry, the Parties agree to collaborate in various areas to support and enhance their joint business model. Under this agreement, both parties will work on developing integrated training programs designed to enhance workforce skills through cutting-edge technology and practical simulations that replicate real working environments onboard ships. Additionally, they will exchange expertise and knowledge to support workforce development and provide training opportunities that meet the evolving demands of the global cruise industry.
Zawya
22-02-2025
- Business
- Zawya
Dubai Maritime Authority launches project to expand telecommunications coverage in Dubai waters
Dubai Maritime Authority, part of the Ports, Customs, and Free Zone Corporation, has launched a project to expand telecommunications network coverage in Dubai waters in collaboration with three strategic partners. The announcement was made during the Dubai International Boat Show 2025 in the presence of H.E. Sultan bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, and H.E. Nasser Al Neyadi, CEO of the Corporation. The ambitious project aims to enhance telecommunications infrastructure in coastal areas and artificial islands, keeping pace with the continuous development of the emirate's maritime sector. Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, CEO of Dubai Maritime Authority, emphasized that this project aligns with the Authority's commitment to developing an integrated and sustainable maritime environment. The expanded telecommunications coverage will achieve several strategic objectives, including improving maritime communication efficiency, providing advanced networks to support navigational operations, ensuring seamless connectivity between vessels and maritime facilities, and enhancing emergency response capabilities by enabling instant communication with rescue teams and relevant authorities. Sheikh Saeed further stated that the first step of the initial phase has been completed, which involved testing specific maritime routes to assess and enhance network coverage. Work is currently underway on the subsequent steps and phases in collaboration with project partners. The CEO of the Authority highlighted that this project underscores Dubai's dedication to establishing itself as a leader in maritime innovation. The installation of four telecommunications towers will contribute to expanding network coverage and improving telecommunications infrastructure across key locations, including Dubai Islands, The World Islands, Palm Jebel Ali, and Dubai Waterfront, thereby enriching the experience in these vital areas. As part of its participation in the Dubai International Boat Show, the Authority is introducing several initiatives, such as guiding visitors on how to obtain a marine vehicle license after completing registration tests and registering marine vessels. Additionally, a simulation room will be available, offering visitors a virtual experience within the Authority's platform. During the exhibition, the Authority reaffirmed its full readiness to provide all necessary services for participating boats and yachts, in coordination with relevant entities to ensure a smooth and comprehensive experience. The Authority will also offer an engaging visitor experience featuring interactive displays and discussions on the latest developments in the maritime sector.
