Latest news with #GoldenQuay
Time of India
14-05-2025
- Business
- Time of India
UAE expands Golden Visa Program: 5 new categories added to attract global talent
In a bid to attract global talent, the UAE has decided to expand its Golden Visa program which offers long-term residency options to professionals in prime sectors. The visa offer was introduced in 2019 and now has been broadened to include five new categories. These new categories will provide 10-year residencies to people in diverse fields such as healthcare, education, digital content creation, e-sports, and luxury yacht ownership. This expansion was announced in May 2025. It is a strategic move to boost the UAE's economic development and strengthen its position as a global hub for innovation and knowledge-based industries. Here are the new five categories: Nurses with Long-Term Service : The new category includes nurses who have served in the healthcare sector for more than 15 years. This initiative was introduced this month only on the International Nurses Day to honour the role nurses supporting the country's healthcare system, especially as Dubai attracts millions of medical tourists every year. This long-term residency option offers nurses with stability and the opportunity to live and work in the UAE for up to 10 years. Teachers and Educators : Next, the category includes teachers and educational professionals, such as private school teachers, principals, and university staff with academic excellence. This initiative is designed to boost the UAE's education sector, which ranks 10th globally according to UNESCO. The program offers educators the chance to relocate with their families, further supporting the country's goal of enhancing educational standards and attracting top-tier talent to its schools and universities. Content Creators : The UAE has also included content creators in the category. It includes filmmakers, influencers, and digital nomads. The residency program, launched at the 1 Billion Followers Summit, will allow professionals to live and work in the UAE without needing a sponsor. This move is part of the UAE's broader strategy to strengthen its creative industries, with Dubai already serving as a major hub for digital content creation. It is designed to attract global talent in filmmaking, social media, and other digital media fields. E-Sports and Gaming Professionals : The UAE is also including Golden Visas to e-sports professionals and gamers. The applicants must be over the age of 25 and have accreditation from Dubai Culture or similar entities. This category aims to support the rapid growth of the gaming industry, which is valued at $1.8 billion. The UAE's investment in e-sports professionals is part of its strategy to become a leading center for digital innovation and to host global gaming events. Luxury Yacht Owners : The last category include owners of luxury yachts over 40 meters in length. This initiative, known as the Golden Quay program, targets high-net-worth individuals in the maritime industry. Yacht owners, as well as executives within the yacht industry, can apply for long-term residency in Abu Dhabi, further enhancing the emirate's appeal as a luxury tourism destination. This program supports the UAE's efforts to bolster its maritime and tourism sectors, valued at over $1.2 billion annually. Future-Proof Your Child with AI Skills | Limited Early Bird Seats – 33% OFF! | WhatsApp: 9560500838
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Business Standard
14-05-2025
- Business
- Business Standard
Buy a yacht and get a 10-year golden visa for tax-friendly Dubai, Abu Dhabi
In yet another expansion of the UAE's Golden Visa regime, Abu Dhabi and Dubai are now offering a 10-year residence permit to superyacht owners and key executives in the yachting industry. As per Fragomen, an immigration law firm, eligible individuals include private yacht owners with vessels of 40 meters or more, as well as CEOs, major shareholders of yacht building companies, central yacht agents, yacht service providers, and yacht insurance providers. As a reminder, family members of Golden Visa holders are eligible to apply for a dependent Golden Visa, which will have the same duration as that of the principal visa holder's residency period. Dubai's Golden Visa for Superyacht Owners is open to: Yacht Owners – Individuals who own private yachts of 40 meters or longer. Maritime Industry Executives – CEOs, major shareholders, and central yacht agents. Yacht Service Providers – Professionals in yacht maintenance, insurance, and brokerage. Family Members – The visa extends to immediate family, offering stability for dependents. Unlike traditional UAE residency visas, Golden Visa holders can remain outside the country for extended periods without losing their residency status. By offering long-term residency, the government aims to: Attract Ultra-High-Net-Worth Individuals (UHNWIs) – Encouraging more yacht owners to register and base their vessels in Dubai. Boost the Marine Economy – Stimulating growth in yacht services, luxury tourism, and high-end waterfront developments. Enhance Dubai's Global Yachting Hub Status – Competing with Monaco, the French Riviera, and Miami as a year-round luxury yachting destination. "One of the key benefits is long-term residency stability, with visa categories such as the Golden Visa offering up to 10 years of residency without the need for a local sponsor. This allows expatriates to live, work, and study in the UAE with greater security and flexibility. Additionally, UAE visa holders enjoy tax advantages, as the country imposes no personal income tax, making it a financially beneficial place to reside. The visa also grants access to world-class healthcare and education systems, ensuring a high standard of living for individuals and their families. Furthermore, holding a UAE visa enables seamless business operations, with residency simplifying banking, property ownership, and investment opportunities," as per Tag Consultancy, an accounting firm based on Dubai. In December, Abu Dhabi launched the 'Golden Quay to Abu Dhabi' initiative, a collaboration between the Abu Dhabi Investment Office (ADIO), the Department of Culture and Tourism (DCT Abu Dhabi), and Yas Marina. This programme offers eligible superyacht owners the ability to secure the 10-year UAE Golden Visa and is part of Abu Dhabi's wider initiative to position itself as the 'Capital of Capital' and attract ultra-high-net-worth individuals. Eligible individuals under the Golden Quay are: Yacht owners with vessels measuring 40 meters and above. Key yachting industry executives, including: CEOs and major shareholders of yacht-building companies Central yacht agents Yacht service providers Yacht insurance providers Immediate family members of nominees are also eligible for the Golden Visa. "The Golden Quay offers a 10-year UAE residency for the applicants and their family members, with no requirement for a local sponsor or employer. Designed to integrate the superyacht sector into Abu Dhabi's investment ecosystem and fast expanding tourism industry, the Golden Quay also provides preferential berthing rates, marina investment incentives and luxury tourism perks," as per Sovereign, a leading independent provider of corporate, private client and retirement planning services. Announced at the Dubai International Boat Show (DIBS) 2025 in February, Dubai's Superyacht Golden Visa has a similar eligibility profile for yacht owners and yachting industry executives and their families. It grants a 10-year residency, allowing holders to live, work and study in the UAE without needing a sponsor or employer. "The UAE's Golden Visa for yacht owners is a smart move that unlocks significant business and investment opportunities. The UAE is creating a dynamic ecosystem that benefits both investors and the broader economy. A smart move to boost maritime tourism and investment," said Daniel Dronsfield, Client Services Director - EER Middle East, a provider of corporate services, immigration and relocation in the region.
Zawya
17-02-2025
- Business
- Zawya
Yas Marina to showcase at Dubai International Boat Show
Abu Dhabi, UAE: Yas Marina, the world-class marina situated on Yas Island in Abu Dhabi will be featuring at Dubai International Boat Show 2025 from 19th to 23rd February, showcasing its exclusive berthing opportunities, elite facilities and an array of lifestyle offerings. As the only marina in the MENA region to have been awarded the prestigious 5 Gold Anchor Platinum accreditation from The Yacht Harbour Association, Yas Marina is set to make waves throughout the exhibition. A key highlight of this year's boat show is Yas Marina's newly launched 'Golden Quay to Abu Dhabi' initiative, an exclusive partnership with Abu Dhabi Investment Office (ADIO) and the Department of Culture and Tourism (DCT Abu Dhabi). This initiative offers Superyacht owners a 10-year UAE Golden Visa, providing VIPs with unparalleled lifestyle and business opportunities, premium connections, and unique investment prospects in Abu Dhabi. The award-winning Yas Marina will also present its latest news and innovations including hosting the exclusive berthing of the region's first fully equipped office boat, the Golden Waves Boat. Its forward-thinking sustainability initiatives and the exclusive packages tailored for yacht owners and visitors seeking an unparalleled waterfront lifestyle. Now in its 31st edition, the Dubai International Boat Show returns to Dubai Harbour, taking centre stage as the Middle East's premier marine luxury exhibition. Renowned for its breathtaking display of opulent yachts, groundbreaking marine technology, and exhilarating water sports, the event continues to captivate enthusiasts and industry leaders alike. With 227 berths accommodating yachts and superyachts ranging from 8m to 175m, Yas Marina is celebrated as one of the finest superyacht marinas in the world. With a commitment to outstanding service and quality, Yas Marina ensures a seamless experience for captains and crew who can take advantage of turnkey solutions, including dockside power and water supply, high-speed internet, concierge services, and an exclusive members' lounge. Location-wise, just 15 minutes from Zayed International Airport and an hour away from Dubai Marina, Yas Marina is not only in prime proximity from key nearby attractions including Ferrari World Abu Dhabi, Yas Waterworld and Warner Bros. World Abu Dhabi, but it's adjacent to Yas Marina Circuit, host of the Formula 1 Abu Dhabi Grand Prix. To meet the team and find out the exclusive information on Yas Marina, please visit stand MLL20. About Yas Marina Dock. Dine. Discover. Awarded the prestigious 5 Gold Anchor Platinum accreditation from The Yacht Harbour Association, Yas Marina is now formally one of the most remarkable and environmentally friendly marinas in the world. Situated on Yas Island, the 227 wet-berth Blue Flag marina comprises an additional 93 dry-berths, with exceptional facilities (including an on-site ADNOC petrol station), amenities and customer service for its members and visitors alike. Yas Marina's on-the-water offering is complimented with 11 world-class licensed restaurants, bars and lounges catering to all taste buds and budgets. Each outlet along the waterside promenade boasts iconic views of the W Abu Dhabi – Yas Island hotel and Yas Marina Circuit – home to the annual Abu Dhabi Grand Prix. As the sun sets, the family-friendly destination transforms into a buzzing scene of nightlife and entertainment. The beloved lifestyle and leisure hub is also home to premier fitness facilities (including four flood-lit Padel courts, a gym and fitness centre); a physiotherapy clinic; water sports and activities including the Yas Marina Sailing and Rowing Centre, charter boat services, wake surfing and tour operators; a musical water fountain and residential and commercial real estate services. Yas Marina is operated by Yas Asset Management, a subsidiary of the Miral Group. About Yas Island Located on the golden shores of Abu Dhabi - just 20 minutes from downtown and 50 minutes from Dubai, Yas Island offers holidaymakers a diverse mix of leisure and entertainment experiences. From award-winning theme parks such as Ferrari World Yas Island, Abu Dhabi, Yas Waterworld Yas Island, Abu Dhabi, and Warner Bros. World™ Abu Dhabi to incredible attractions such as the record-breaking CLYMB™ Yas Island, Abu Dhabi, and the thrilling Yas Marina Circuit (home to the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX™), visitors are bound to discover a world of entertainment options all within the 25 sq. km island. Yas Island boasts world-class shopping at Abu Dhabi's largest mall Yas Mall, superb dining at Yas Bay Waterfront, Abu Dhabi's vibrant day to night attraction and award-winning golf at Yas Links golf course. The island offers a year-round line-up of spectacular musical, entertainment and family events and houses ten incredible hotels, including W Abu Dhabi - Yas Island, Hilton Abu Dhabi Yas Island, and The WB™ Abu Dhabi, the world's first Warner Bros. themed hotel. Adding to the vibrant nightlife scene, Yas Marina will soon welcome the highly anticipated Bla Bla Bar at the end of November. With more than 165 dining experiences, the destination also features indoor and outdoor concert venues including WHITE Abu Dhabi and Etihad Arena - all of which are complemented by a range of visitor services that connect all attractions to one another. With the recent opening of SeaWorld Yas Island, Abu Dhabi, the region's first Marine Life Theme Park, Yas Island continues to add more attractions to its incredible roster.
