Dubai has announced a new Golden Visa Scheme specifically for yacht owners, allowing them long-term residency in the emirate. This initiative follows a similar scheme launched recently in Abu Dhabi, aimed at attracting high-net-worth individuals to the region. The announcement was made by the General Director of Residence and Foreigners Affairs.

Further details of the scheme are expected to be unveiled during the upcoming Dubai International Boat Show 2025, scheduled from February 19 to 23. According to a report by Khaleej Times, this new initiative is designed to enhance the benefits available to yacht owners in Dubai, making it an appealing option for those in the maritime sector.

The UAE’s Golden Visa program provides several advantages, including the ability to remain outside the country for over six months and a renewal period lasting a decade. The program also includes exclusive benefits such as a luxury lifestyle, long-term residency for families, and various business opportunities. This is seen as an attractive proposition for yacht owners looking to establish a presence in Dubai.

As the Dubai International Boat Show approaches, attendees will have the opportunity to view luxury yachts and connect with industry experts, alongside the expected announcement of more details regarding the Golden Visa Scheme. Stakeholders and potential applicants are encouraged to stay tuned for updates on this initiative and its implications for yacht owners in Dubai.