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Time of India
04-07-2025
- Business
- Time of India
Path to UAE Golden Visa: Which one is right for you, real estate or yacht ownership?
Tailored for two tiers of the elite, the UAE Golden Visa offers a choice: solid ground for savvy investors, or open waters for the ultra-wealthy (Representative Image) Since its launch in 2019, the UAE Golden Visa has emerged as one of the world's most sought-after residency programs, crafted to attract investors, entrepreneurs, scientists, professionals, and exceptional talents across a wide range of sectors. With a strategic aim to channel foreign capital and expertise into the country, the initiative reflects the UAE's long-term vision of becoming a global nexus for innovation, business, and elite residency. Initially, the visa offered a clear route for high-net-worth individuals to gain long-term residency through the UAE's thriving real estate sector. But in 2022, the government broadened the program's scope, lowering the minimum property investment threshold to AED 2 million for a 10-year visa. The move significantly widened access, making it easier for foreign investors to establish a base in the Emirates while benefiting from its tax-friendly environment and world-class infrastructure. By 2024, the program evolved further with the introduction of a new category aimed at a different kind of elite. Under Abu Dhabi's 'Golden Quay' initiative, the UAE began offering the Golden Visa to superyacht owners and key maritime professionals, positioning itself as a year-round global hub for luxury yachting and strengthening its appeal to the ultra-wealthy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Benefiting from a coastline that stretches from the Arabian Gulf to the Gulf of Oman, an attractive climate for most of the year, and a rich maritime heritage, the UAE has invested heavily in world-class marinas, yacht clubs, and refit facilities to rival the Mediterranean and Caribbean as a premier luxury yachting destination. Today, two distinct paths define the Golden Visa: one rooted in real estate, the other in luxury seafaring. Each caters to a different profile of investor, blending lifestyle with strategic advantage. The question, then, is not just how to qualify, but which path truly makes sense for you? Key Benefits of the Golden Visa: Tax Optimization: The UAE is a tax haven. There is no personal income tax, capital gains tax, inheritance tax, or taxes on gifts and properties. Businesses also benefit from low corporate taxes, though some exceptions apply. Flexibility: Golden Visa holders enjoy the freedom to live and work in the UAE without the need for a local employer or sponsor. Family Inclusion: Main applicants may sponsor their spouses and children to get long-term visas. Parents can be granted a 1-year visa. Access to World-Class Infrastructure: Investors gain access to state-of-the-art healthcare, education, and banking systems, which are among the best in the world. Travel: UAE residents enjoy visa-free travel to numerous countries, with the UAE passport offering access to over 176 countries. This includes the Schengen states, the UK and Canada. GCC Mobility : Visa-free movement within the six GCC countries (UAE, Saudi Arabia, Kuwait, Bahrain, Oman, Qatar Path to Citizenship : After 30 years of residency, foreigners can apply for UAE citizenship , with potential for faster approval for those offering exceptional services. Property Investment Path to the UAE Golden Visa The UAE's property market has long been a magnet for global investors, thanks to its dynamic growth and potential for high returns. In 2022, the government introduced significant changes to the Golden Visa program, expanding the range of property investment options that can lead to long-term residency. Now, there are three distinct pathways through property investment, catering to varying levels of investment and offering flexibility for investors looking to settle in the UAE. 10-Year Visa — AED 2,000,000+ (USD 545,000+) The UAE Golden Visa offers a 10-year residency for investors who purchase real estate worth at least AED 2 million (approximately USD 545,000). This option provides long-term residency for the investor and their immediate family (spouse and children under 18). Investors can buy completed or off-plan properties and are eligible for a mortgage with a minimum 20% down payment. While residing in the UAE year-round is not mandatory, investors must visit at least once or twice a year to maintain their visa status. 5-Year Visa — AED 1,000,000+ (USD 272,000+) For investors aged 55 and above, the UAE offers a 5-year Golden Visa with a reduced minimum investment of AED 1 million (approximately USD 272,000). This visa is renewable and allows investors to purchase both completed and off-plan properties, subject to criteria like completion timelines and mortgage eligibility. The investor can sponsor immediate family members. 2-Year Visa — AED 750,000+ (USD 204,000+) The 2-year residency visa requires an investment of AED 750,000 (around USD 204,000), or AED 1 million (USD 272,000) if the property is co-owned with a spouse. Investors can renew the visa as long as they maintain property ownership. This option is ideal for those seeking a shorter commitment, with the possibility to purchase property through a mortgage, subject to a 50% down payment. Additional Costs : Property Registration Fees : AED 160,000 (approx. $43,000) Visa and Identity Card Fees : AED 3,670 (approx. $1,000) per person Medical Check-up : Starting at AED 800 (approx. $220) per person Health Insurance : AED 1,500 (approx. $400) per person Documents Translation, notarisation and consular legalisation : Approx. AED 3670 (approx. $1000) per person Real estate investment is a straightforward, long-term option for investors seeking to establish a presence in the UAE. With the potential for property appreciation, minimal maintenance costs, and a stable market, it's a pragmatic way to secure residency, particularly for those looking to establish business ties or retire in the UAE. Yacht Ownership: A Luxury Path to UAE Residency In December 2024, Abu Dhabi introduced the Golden Quay to Abu Dhabi initiative, in collaboration with the Abu Dhabi Investment Office (ADIO), the Department of Culture and Tourism (DCT Abu Dhabi), and Yas Marina. This new scheme expands the UAE's Golden Visa program, targeting Ultra-High-Net-Worth Individuals (UHNWIs) and encouraging yacht owners to base their vessels in the UAE. The 10-year residency visa aims to establish the UAE as a global leader in luxury yachting, competing with elite destinations like Monaco, the French Riviera, and Miami. The initiative is designed to attract more yacht owners, boost the marine economy, and enhance Dubai's standing as a year-round luxury yachting hub. Golden Visa holders also benefit from the flexibility to live outside the UAE for extended periods without losing residency, making it ideal for globe-trotting billionaires and family offices. Family members of Golden Visa holders, including spouses, children, and parents, are eligible for dependent visas with the same duration as the principal visa. Who Qualifies for the UAE Golden Visa for Yacht Owners Superyacht Owners: Individuals with yachts of at least 40 meters. Maritime Executives: CEOs, major shareholders, and key yacht brokers. Yacht Service Providers: Companies or individuals offering maintenance, refitting, insurance, and other maritime services. Marina Managers: Individuals running luxury marinas or yacht clubs. These categories, along with immediate family members (spouse, children, parents), can apply for the UAE's 10-year Golden Visa. Costs Breakdown for Yacht Owners: According to estimates from Business Standard, owning a superyacht requires a substantial upfront investment along with significant ongoing operational costs. Cost of Yacht : The starting price for a 40-meter yacht typically ranges from €15 million to €25 million (USD 17 million to USD 29 million) for new builds. Pre-owned yachts can be purchased for as little as $5 million (USD 5 million), though the most popular options tend to cost upwards of $10 million. Ongoing Operational Costs : Yacht ownership involves high annual maintenance costs, typically amounting to 10% of the yacht's value. For instance, annual operational expenses for a $20 million yacht could include: Crew Salaries: $250,000 to $630,000 per year. Maintenance & Repairs: $2 million+ annually. Fuel costs vary significantly, with large yachts consuming hundreds of litres per hour depending on cruising habits. Insurance: 1.5% to 3% of the yacht's value annually. Marina Fees: $6,300 to $31,500 per month in premium locations. Operational Complexity and Challenges of Yacht Ownership Insurance : Annual insurance costs typically range from 1.5% to 3% of the yacht's value, adding a significant recurring expense. Licensing and Flag State Registration : The yacht's registration country affects operational jurisdiction, taxes, and regulatory requirements, with varying costs. Provisioning & Depreciation : Ongoing expenses include crew supplies (food, drinks, cleaning). Yachts typically lose 10% of their value in the first year, followed by 7% annually. Crew Management : Assembling a skilled crew can be time-consuming and expensive. Yacht management companies are often employed, but owners remain financially responsible for operational costs. Logistical Hurdles : Securing prime marina berths in central locations can be challenging due to limited availability. International yachts also need to clear import procedures when entering the UAE. Regulatory Compliance & Due Diligence : Owners must navigate UAE maritime laws, safety standards, and operational zones. Additionally, due diligence is essential in ensuring the yacht's authenticity and protecting against fraud risks. While yachts are considered luxury assets rather than traditional investments, many UHNWIs opt for yachts for personal use, social status, private events, and leisure. In the UAE, yachts are seen as symbols of opulence, offering networking opportunities and access to an elite social circle. However, the financial commitment involved in owning a superyacht, from purchase to annual running costs, means that this path is better suited for those with significant wealth and a desire for luxury. Yacht vs Apartment: Which Visa Route Is More Practical? When evaluating the two main pathways to the UAE's coveted 10-year Golden Visa, real estate and yacht ownership, the differences in practicality, cost, and long-term value are stark. While both offer access to the same residency privileges, only one delivers a financially sound, low-friction, and sustainable option for the majority of global investors. Real Estate: Tangible Value, Minimal Complexity An investment of AED 2 million (approx. USD 545,000) in UAE real estate secures the Golden Visa with a significantly lower capital outlay compared to the maritime alternative. This route offers a structured, well-regulated process with clear financial benefits: Tax efficiency : Properties under the Golden Visa scheme are exempt from capital gains, property, and inheritance taxes. Stable returns : The UAE real estate market has shown steady appreciation, high rental yields (especially in Dubai and Abu Dhabi), and minimal volatility relative to other emerging markets. Low maintenance : Investors face manageable ongoing costs, mostly limited to service charges and routine upkeep. Mortgage eligibility : Off-plan and mortgaged properties are accepted under the visa rules, offering financial flexibility. Asset retention : Real estate remains a long-term appreciating asset with resale value, making it suitable for family planning, retirement, or income generation. In short, real estate offers a dual purpose: residency and return on investment. It is practical, predictable, and grounded in financial logic, ideal for those seeking security, legacy-building, and peace of mind. Yacht Ownership: Prestige, at a Price The Golden Visa pathway through yacht ownership, introduced under Abu Dhabi's Golden Quay initiative, is built around exclusivity. But exclusivity comes at a significant price, both upfront and ongoing. To qualify: Minimum investment : $5 million for pre-owned yachts, typically $15–25 million for new builds (40 meters+). Annual running costs : Often exceed 10% of the yacht's value, including: Crew salaries : $250,000–$600,000+ Maintenance & repairs : $2 million+ annually Insurance : 1.5–3% of the vessel's value Marina fees : Up to $31,500/month in premium berths Fuel & provisioning : Variable and high, depending on usage Moreover, yachts depreciate rapidly, are logistically complex to operate, and require owners to navigate maritime regulations, import clearances, and berthing challenges in limited port spaces. Crucially, yachts do not generate passive income and rarely appreciate in value. Unlike property, they are luxury assets, not investments. While some owners attempt to recoup costs through charters, rental income barely dents the multimillion-dollar annual upkeep. For those already immersed in the yachting world, the Golden Visa is a valuable add-on. But for anyone evaluating it solely as a residency strategy, the justification quickly evaporates under financial scrutiny. The Verdict: Visa Incentive vs Investment Sense While both options lead to the same residency outcome, only real estate offers a strategic, tax-advantaged, and relatively liquid investment with the potential for long-term appreciation. Yacht ownership, by contrast, caters to ultra-wealthy individuals already inclined toward a luxury maritime lifestyle, making the visa an incidental benefit, not a motivator. For the vast majority of international investors, entrepreneurs, retirees, and mobile professionals, the property route is more accessible, more rational, and undeniably more sustainable. In a region known for its ambition and world-class infrastructure, the UAE Golden Visa via real estate represents more than a residency permit, it's a smart entry point into one of the most stable and rewarding property markets in the world.
Time of India
02-07-2025
- Business
- Time of India
UAE Golden Visa 2025: What students should know about qualifications for the five new categories
UAE Golden Visa 2025: The United Arab Emirates has broadened its prestigious Golden Visa scheme, adding five new professional categories aimed at attracting global talent. Announced in May 2025, this expansion opens up fresh pathways to 10-year, self-sponsored residency for individuals in sectors such as healthcare, education, digital content, gaming, and maritime luxury. Tired of too many ads? go ad free now For students, these changes offer future residency opportunities tied directly to career paths. Understanding the qualifications for each new category can help students plan studies and build relevant experience early on. Nurses with long-term service Nursing students should note that professionals with over 15 years of service are now eligible for the Golden Visa, as per the announcement made by Dubai Health on May 12, 2025. This recognises the critical role nurses play in Dubai's growing medical tourism sector, which sees 3.7 million visitors annually, according to the Dubai Health Authority (DHA). Students aiming to qualify should focus on clinical excellence and long-term service in public or private hospitals, ideally in the UAE. Teachers and educators in private institutions The Golden Visa is now open to private school teachers, principals, and academic staff in universities across Dubai and Ras Al Khaimah. The scheme is managed by the Knowledge and Human Development Authority (KHDA) and RAK DOK. Students pursuing degrees in education or subject specialisations should work toward teaching roles in KHDA-approved schools or universities. Academic distinction and experience will enhance eligibility, and family sponsorship is included under this category. Content creators and digital media professionals Creative arts, media, and communications students can now target the content creator visa, introduced at the 1 Billion Followers Summit. Tired of too many ads? go ad free now Managed by Creators HQ, this track supports filmmakers, influencers, and other digital creators without the need for employer sponsorship. Applicants must demonstrate significant digital impact or an engaged online audience. A strong portfolio and participation in regional media events can strengthen a student's future application. E-sports and gaming professionals Students passionate about gaming, development, or event management can explore the new gaming-focused visa, available through Dubai's DPG33 and Abu Dhabi's Department of Culture and Tourism (DCT). Applicants must be over 25 and accredited by Dubai Culture. Career options include professional gaming, e-sports organisation roles, and digital design. With the UAE's gaming market worth $1.8 billion, students in this space have expanding prospects. Luxury yacht owners and maritime executives Students interested in marine engineering, luxury tourism, or yacht management can benefit from the Golden Quay initiative by Abu Dhabi. The visa is open to owners of yachts over 40 metres and senior executives in the maritime sector. Careers in naval design, luxury cruise operations, or marina management may lead to eligibility. The maritime industry's value, currently $1.2 billion, signals steady growth. By aligning their studies with these high-growth sectors, students can position themselves for long-term success and residency in the UAE.
Time of India
01-07-2025
- Business
- Time of India
UAE Golden Visa Expands: These five new professionals are eligible - do you qualify?
The UAE's expanded Golden Visa now welcomes professionals from healthcare, education, digital media, gaming, and luxury yachting with 10-year residency benefits/Representative Image. In a significant move to strengthen its position as a global hub for innovation and skilled professionals, the United Arab Emirates has announced the expansion of its prestigious Golden Visa program. This update, made public in May 2025, adds five new eligibility categories to the 10-year residency scheme. Professionals from diverse fields including healthcare, education, digital content, e-sports, and maritime luxury can now access long-term residency benefits without employer sponsorship, making the UAE an increasingly attractive destination for global talent and their families. New Golden Visa Categories and Who Can Apply The UAE's Golden Visa program, originally launched in 2019, now encompasses a broader range of professionals with the aim of accelerating economic diversification and attracting knowledge-based talent. The five newly introduced categories are: 1. Nurses With Long-Term Service On May 12, 2025, coinciding with International Nurses Day, Dubai Health, under the directive of Sheikh Hamdan, announced 10-year visas for nurses with over 15 years of service. This decision honours the critical role of nurses in healthcare, especially as Dubai receives around 3.7 million medical tourists annually, according to Dubai Health Authority (DHA) data. 2. Teachers and Educators Private school teachers, principals, and university academic staff in Dubai and Ras Al Khaimah are now eligible for the visa. The Knowledge and Human Development Authority (KHDA) in Dubai and RAK DOK in Ras Al Khaimah manage the scheme, which recognizes academic excellence and allows for family sponsorship. The initiative aims to elevate the UAE's already strong educational system, which ranks 10th globally per UNESCO. 3. Content Creators Launched at the 1 Billion Followers Summit , the creative residency track targets filmmakers and social media influencers. Managed by Creators HQ, this visa requires no employer sponsorship, making it particularly attractive to digital nomads and freelancers. The move supports Dubai's growing media industry, which contributes $2 billion annually, according to Dubai's Department of Economic Development (DED). 4. E-Sports and Gaming Professionals Applicants aged over 25 can now apply through Dubai's DPG33 initiative and require accreditation from Dubai Culture. Abu Dhabi's Department of Culture and Tourism (DCT) extends similar benefits, reinforcing the UAE's presence in the booming global gaming sector. With a gaming market valued at $1.8 billion and major events drawing significant footfall, the UAE is becoming a key player in the e-sports landscape, according to Statista. 5. Luxury Yacht Owners Under Abu Dhabi's Golden Quay initiative, owners of yachts longer than 40 meters, as well as executives in the yacht industry, are eligible for the 10-year residency. The visa includes family sponsorship and supports the emirate's luxury maritime tourism industry, currently valued at $1.2 billion, per AD Ports. Strategic Vision and Economic Impact The Golden Visa expansion is a strategic component of the UAE's Vision 2030, which aims to transition the national economy away from oil dependence by attracting 100,000 skilled professionals by 2030, as reported by the Emirates News Agency (WAM). The updated program is designed to reinforce critical sectors: Healthcare and Education: Bolstered by long-serving nurses and educators, which in turn support Dubai's ambition to be a leading medical and academic destination. Creative Economy: Driven by digital content creators and gamers. Dubai's gaming-related events alone attract approximately 500,000 visitors every year, according to the Dubai Economy and Tourism (DET). Maritime and Luxury Tourism: Strengthened through the inclusion of luxury yacht owners, contributing to the 8% GDP growth in non-oil sectors, per CBRE. By allowing family sponsorship across most new categories, the UAE encourages long-term settlement and community integration, a feature that differentiates it from neighbouring nations such as Qatar, where residency options remain limited. Simplified Process and Global Edge Unlike traditional residency systems that require employer sponsorship, the UAE's Golden Visa is self-sponsored. Applications are submitted through the ICP's online portal or licensed government-affiliated agencies in Dubai. Required documents vary by category and include: Verified qualifications and experience Evidence of impact or contributions (for creatives and educators) Proof of ownership (for yacht owners) Processing takes around 30 days, according to the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) significantly faster than countries like Singapore, where approval may take up to 90 days, as per the Ministry of Manpower (MOM). The system's simplicity and flexibility especially appeal to freelancers and independent professionals, making it competitive with other programs such as: Canada's Express Entry Australia's Skilled Migration Visa Singapore's Global Talent Programme Crucially, this approach has helped retain top talent, with 70% of Golden Visa holders remaining in the UAE after initial issuance, as per LinkedIn data. Positioning the UAE on the Global Stage The Golden Visa program is not just a residency plan, it's part of a broader strategy to shape the UAE's global identity as a destination for opportunity, innovation, and investment. Since its launch in 2019, the program has already issued 20,000 Golden Visas, according to WAM. Emirates (EK) and Etihad (EY) airlines enhance accessibility with routes to over 150 global destinations, facilitating international arrivals. Dubai alone is home to 15,000 startups, according to Dubai Development Authority (DDA), highlighting the country's robust entrepreneurial landscape. Abu Dhabi hosts 20% of all global gaming events, per Esports Insider, cementing the UAE's reputation as a growing powerhouse in the gaming sector. The UAE's tax-free regime, combined with long-term residency and high-end infrastructure, continues to attract high-net-worth individuals and top-tier professionals globally.
Time of India
01-07-2025
- Business
- Time of India
UAE Golden Visa: Welcoming 5 new professional categories, see if you qualify
In a significant move to strengthen its position as a global hub for innovation and skilled professionals, the United Arab Emirates has announced the expansion of its prestigious Golden Visa program. Tired of too many ads? go ad free now This update, made public in May 2025, adds five new eligibility categories to the 10-year residency scheme. Professionals from diverse fields including healthcare, education, digital content, e-sports, and maritime luxury can now access long-term residency benefits without employer sponsorship, making the UAE an increasingly attractive destination for global talent and their families. New Golden Visa Categories and Who Can Apply The UAE's Golden Visa program, originally launched in 2019, now encompasses a broader range of professionals with the aim of accelerating economic diversification and attracting knowledge-based talent. The five newly introduced categories are: 1. Nurses With Long-Term Service On May 12, 2025, coinciding with International Nurses Day, Dubai Health, under the directive of Sheikh Hamdan, announced 10-year visas for nurses with over 15 years of service. This decision honours the critical role of nurses in healthcare, especially as Dubai receives around 3.7 million medical tourists annually, according to Dubai Health Authority (DHA) data. 2. Teachers and Educators Private school teachers, principals, and university academic staff in Dubai and Ras Al Khaimah are now eligible for the visa. The Knowledge and Human Development Authority (KHDA) in Dubai and RAK DOK in Ras Al Khaimah manage the scheme, which recognizes academic excellence and allows for family sponsorship. The initiative aims to elevate the UAE's already strong educational system, which ranks 10th globally per UNESCO. 3. Content Creators Launched at the 1 Billion Followers Summit , the creative residency track targets filmmakers and social media influencers. Managed by Creators HQ, this visa requires no employer sponsorship, making it particularly attractive to digital nomads and freelancers. The move supports Dubai's growing media industry, which contributes $2 billion annually, according to Dubai's Department of Economic Development (DED). Tired of too many ads? go ad free now 4. E-Sports and Gaming Professionals Applicants aged over 25 can now apply through Dubai's DPG33 initiative and require accreditation from Dubai Culture. Abu Dhabi's Department of Culture and Tourism (DCT) extends similar benefits, reinforcing the UAE's presence in the booming global gaming sector. With a gaming market valued at $1.8 billion and major events drawing significant footfall, the UAE is becoming a key player in the e-sports landscape, according to Statista. 5. Luxury Yacht Owners Under Abu Dhabi's Golden Quay initiative, owners of yachts longer than 40 meters, as well as executives in the yacht industry, are eligible for the 10-year residency. The visa includes family sponsorship and supports the emirate's luxury maritime tourism industry, currently valued at $1.2 billion, per AD Ports. Strategic Vision and Economic Impact The Golden Visa expansion is a strategic component of the UAE's Vision 2030, which aims to transition the national economy away from oil dependence by attracting 100,000 skilled professionals by 2030, as reported by the Emirates News Agency (WAM). The updated program is designed to reinforce critical sectors: Healthcare and Education: Bolstered by long-serving nurses and educators, which in turn support Dubai's ambition to be a leading medical and academic destination. Creative Economy: Driven by digital content creators and gamers. Dubai's gaming-related events alone attract approximately 500,000 visitors every year, according to the Dubai Economy and Tourism (DET). Maritime and Luxury Tourism: Strengthened through the inclusion of luxury yacht owners, contributing to the 8% GDP growth in non-oil sectors, per CBRE. By allowing family sponsorship across most new categories, the UAE encourages long-term settlement and community integration, a feature that differentiates it from neighbouring nations such as Qatar, where residency options remain limited. Simplified Process and Global Edge Unlike traditional residency systems that require employer sponsorship, the UAE's Golden Visa is self-sponsored. Applications are submitted through the ICP's online portal or licensed government-affiliated agencies in Dubai. Required documents vary by category and include: Verified qualifications and experience Evidence of impact or contributions (for creatives and educators) Proof of ownership (for yacht owners) Processing takes around 30 days, according to the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) significantly faster than countries like Singapore, where approval may take up to 90 days, as per the Ministry of Manpower (MOM). The system's simplicity and flexibility especially appeal to freelancers and independent professionals, making it competitive with other programs such as: Canada's Express Entry Australia's Skilled Migration Visa Singapore's Global Talent Programme Crucially, this approach has helped retain top talent, with 70% of Golden Visa holders remaining in the UAE after initial issuance, as per LinkedIn data. Positioning the UAE on the Global Stage The Golden Visa program is not just a residency plan, it's part of a broader strategy to shape the UAE's global identity as a destination for opportunity, innovation, and investment. Since its launch in 2019, the program has already issued 20,000 Golden Visas, according to WAM. Emirates (EK) and Etihad (EY) airlines enhance accessibility with routes to over 150 global destinations, facilitating international arrivals. (EY) airlines enhance accessibility with routes to over 150 global destinations, facilitating international arrivals. Dubai alone is home to 15,000 startups, according to Dubai Development Authority (DDA), highlighting the country's robust entrepreneurial landscape. Abu Dhabi hosts 20% of all global gaming events, per Esports Insider, cementing the UAE's reputation as a growing powerhouse in the gaming sector. The UAE's tax-free regime, combined with long-term residency and high-end infrastructure, continues to attract high-net-worth individuals and top-tier professionals globally.
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
