The Government of Abu Dhabi has launched the “Golden Quay” residency as an innovative extension of the UAE’s Golden Visa program. This exclusive initiative aims to attract luxury yacht owners and prominent figures in the global yacht industry by offering them a 10-year renewable Golden Residency Visa, without the need for a local sponsor.
This initiative aligns with Abu Dhabi’s vision to enhance its position as a global hub for luxury tourism and marine activities, and to develop an attractive investment environment for high-net-worth individuals and key players in the sector.
Which entities are involved in the announcement of the “Golden Quay” initiative?
The initiative was announced through a strategic collaboration between:
- Department of Culture and Tourism – Abu Dhabi (DCT)
- Abu Dhabi Investment Office (ADIO)
- Yas Marina
Who is eligible for the Golden Quay Residency?
- Owners of private yachts that are at least 40 meters in length.
- Executives in yacht manufacturing, maintenance, or insurance companies.
- Central agents involved in the sale and charter of luxury yachts.
- Providers of maritime services such as maintenance, logistics, and insurance.
What are the benefits of the Golden Residency under the Golden Quay Residency?
- A 10-year renewable Golden Residency Visa.
- The ability to include family members in the residency.
- 100% business ownership within the country.
- Access to prestigious marinas like Yas Marina.
- Networking opportunities with elite investors and entrepreneurs.
- Advanced lifestyle benefits including healthcare, education, and luxury tourism.
What are the steps to apply for the Golden Quay residency?
- The applicant must be nominated by Yas Marina.
- Applications are reviewed by the Abu Dhabi Investment Office (ADIO).
- If the requirements are met, the residency procedures are completed.
Why was Abu Dhabi chosen to announce this residency?
The initiative is part of Abu Dhabi’s Tourism Strategy 2030, which seeks to attract wealthy investors, promote marine tourism, and expand real estate and investment opportunities linked to the luxury sector.
