Discover the Abu Dhabi Golden Visa for yacht owners, a unique 10-year renewable residency program under the Golden Quay initiative, designed exclusively for superyacht owners and luxury maritime professionals.
Abu Dhabi Golden Visa for Yacht Owners
The capital emirate of UAE, Abu Dhabi, is definitely making a new feature in the luxury tourism line with its very new program on superyachts. This consists of a new 10-year renewable Golden Visa for Yacht owners who are holding yachts sized 40 metres or longer for the Golden Quay program that has been opened by Abu Dhabi. The state is now set to attract numerous wealthy individuals-including those luxury maritime ones particularly.
Program is a partnership between Abu Dhabi’s Department of Culture and Tourism, Yas Marina, and the Abu Dhabi Investment Office (ADIO). They have worked together to create a special pathway for yacht owners, industry leaders, and their families to visit Abu Dhabi.
What is the Golden Quay Program?
The Golden Quay is a component of the UAE’s Golden Visa program, which has been made to attract long-term residency by investors, entrepreneurs, and individuals who are interested to invest for better industry. The Golden Quay is special in that it caters exclusively to superyacht owners. In order to be eligible, the yacht should have a minimum length of 40 meters (131 feet).
The program also includes important individuals of the maritime sector, like CEOs, leading yacht manufacturers, agents, service providers, and insurance companies. In other words, the Golden Quay is aiming at a specific group of wealthy people in the luxury maritime industry.
How Does the Golden Visa Benefit Yacht Owners?
The Golden Quay program offers the opportunity to apply for a 10-year renewable residency in Abu Dhabi for the owners of the yachts. For the yacht owners, it provides residence in the UAE along with special access to exclusive marina facilities. This is particularly very appealing for the owners of yachts since it makes them easily accessible to world-class marinas where the yachts may dock with much ease. For example, the program allows owners to bring their families along, so it is an excellent opportunity for those who would like to share the yachting lifestyle with their loved ones. Whether relaxation or business, the Golden Quay program is designed to make the yachting experience wonderfully fun for people as well as for their families.
The aim of the Golden Quay program is to attract high-net-worth individuals to Abu Dhabi, thereby bringing forth the excellent investment opportunities that exist in the emirate and its strong business environment. The program, therefore, aims to further boost the economy and the reputation of Abu Dhabi as a luxury destination for living and investment by inviting yacht owners and maritime professionals to Abu Dhabi.
What Does the Application Process Look Like?
Yas Marina and ADIO, the two official organizations dealing with nominations, review applications for the Golden Quay program. After nomination, applicants receive tailored support in the form of bespoke tours and the use of premium marina facilities. This is what makes the program attractive to those interested in living in one of the world’s most expensive cities and to enjoy the perks of yacht ownership.
A Strategic Move for the UAE
Abu Dhabi has recently been positioning itself as a hub for ultra-high net-worth individuals and has attracted several billionaires and investors from all corners of the world. The UAE has now upped the ante by taking this program to a new level through the luxury maritime sector with Golden Quay. According to Hareb AI Mheiri, executive director at ADIO, the goal of the program is to attract high-net-worth individuals to invest in the emirate while enjoying its lavish lifestyle.
The Golden Quay will be a part of the UAE’s more expansive Golden Visa structure, which is already available to investors, scientists, academics, creatives, students, and frontline healthcare workers. It marks the first-ever program in the UAE to base residency on an asset class within the luxury maritime sector, demonstrating the increasing significance of superyachts in future development in the region.
