Why yacht owners will soon set sail for the UAE

As the Dubai International Boat Show 2025 gets underway on Wednesday, February 19, the Emirate has announced a new Golden Visa scheme for yacht owners, offering a 10-year residency. This initiative follows Abu Dhabi’s December announcement of Golden Visas for superyacht owners.
The General Directorate of Residency and Foreigners Affairs has already shared key details of this scheme, with more expected to be revealed during the event, running until February 23.
Key Benefits of the UAE Golden Visa for Yacht Owners
Extended Stay Flexibility: Golden Visa holders can stay outside the UAE for more than six months without losing their residency.
Long-Term Residency: The visa is valid for 10 years and is renewable.
Family Sponsorship: Immediate family members can be included in the visa benefits.
Boost for Maritime Tourism and Investment
Dubai’s decision to extend the Golden Visa to yacht owners aims to enhance maritime tourism and attract high-net-worth individuals to invest in the UAE’s thriving luxury sector.
Salient features of the UAE Golden Visa
How Much Does the Visa Cost?
As of 2023, the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) set the cost of the Golden Visa at Dh1,250.
Income and Investment Requirements
To qualify for the 10-year visa, applicants must meet one of the following financial criteria:
Income: Professionals in sectors such as healthcare, media, and IT must earn at least Dh30,000 per month.
Investment: Applicants can qualify by:
Investing Dh2 million in property (no minimum upfront payment required).
Investing Dh2 million in an investment fund.
Golden Visa Renewal Process
The visa is renewable every 10 years, provided the applicant continues to meet the eligibility requirements.
With the UAE’s push to attract yacht owners through this long-term visa scheme, Dubai and Abu Dhabi are solidifying their position as premier maritime hubs, offering unparalleled luxury and investment opportunities.
(with input from Khaleej Times)