Sailing into Privilege: Abu Dhabi Launches Golden Visa for Yacht Owners
Abu Dhabi is known for its luxury lifestyle and beautiful coastlines. Recently, the government launched a new initiative called the “Golden Quay.” This initiative offers a special Golden Visa for yacht owners. This visa allows them to live in Abu Dhabi for a long time. It aims to attract wealthy individuals to invest in the city. This article provides the details of the Golden Visa, who is eligible, and what benefits it offers.
What is the Golden Visa?
The Golden Visa is a special residency permit in the UAE. It allows foreigners to live, work, and study in the country without needing a local sponsor. The visa is available for different categories of people, including investors, entrepreneurs, and now yacht owners. The Golden Visa is valid for 10 years. This means that once you receive it, you can stay in Abu Dhabi for a long time without worrying about renewing it every year.
Benefits of the Golden Visa
The Golden Visa offers many benefits:
- You can live in Abu Dhabi for ten years.
- You can own 100% of your business in the UAE.
- Your family members can also be included in the visa.
- You do not need a local sponsor to stay in the country.
The Golden Quay Initiative
The Golden Quay initiative was launched on December 25, 2024. It specifically targets yacht owners who own luxury vessels.
Eligibility Criteria
To qualify for the Golden Visa under this initiative, you must meet certain criteria:
- You must own a yacht that is 40 meters or longer.
- Key executives in the yachting industry are also eligible. This includes CEOs and major shareholders of yacht companies.
- Immediate family members of eligible yacht owners can also apply.
Nominating Entities
The Abu Dhabi Investment Office (ADIO) and Yas Marina will be responsible for nominating eligible yacht owners for the visa. They will review applications and ensure that all criteria are met.
Why Abu Dhabi?
- Abu Dhabi is becoming a popular destination for wealthy individuals around the world. The Golden Quay initiative aims to attract these high-net-worth individuals.
- Abu Dhabi offers many investment opportunities. Yacht owners can explore various business options in tourism, hospitality, and real estate. The city is constantly growing and developing new projects.
- Living in Abu Dhabi provides access to a luxurious lifestyle. There are world-class marinas, fine dining restaurants, and high-end shopping centers. Yacht owners can enjoy their boats while living in comfort.
- The Golden Quay initiative aligns with Abu Dhabi’s Tourism Strategy 2030. This strategy aims to increase tourism and attract more visitors to the emirate. By offering the Golden Visa to yacht owners, Abu Dhabi hopes to improve its economy through luxury tourism.
How to Apply for the Golden Visa?
- Make sure that you meet all eligibility criteria.
- Apply through Yas Marina or ADIO.
You will need several documents to apply
➔ Proof of yacht ownership (such as registration papers).
➔ A copy of your passport.
➔ Any other documents requested by ADIO or Yas Marina.
Once submitted, wait for your application to be reviewed. If approved, you will receive your Golden Visa via email or mail.
Conclusion
The introduction of the Golden Visa for yacht owners marks an exciting development in Abu Dhabi’s efforts to attract wealthy individuals. The Golden Quay initiative provides long-term residency options and encourages investment in the emirate. With its stunning coastline, luxury lifestyle, and numerous business opportunities, Abu Dhabi is becoming a top choice for yacht owners worldwide.
The new visa program not only benefits individuals but also supports the city’s economy and tourism goals. As more people learn about this opportunity, we can expect an increase in luxury tourism and investment in Abu Dhabi!
