UAE Expands Golden Visa to Attract AI, Climate, and Tech Talent
The UAE has shifted its Golden Visa strategy from primarily attracting wealthy investors to targeting skilled professionals in high-growth sectors like artificial intelligence (AI), climate tech, and cloud computing, according to Gaurav Keswani, founder of Dubai-based advisory firm JSB.
Evolving Focus: From Capital to Talent
Initially launched in 2019 to boost foreign investment, the Golden Visa’s first phase (2022–23) saw many real estate investors securing residency. However, Keswani notes that since 2023–24, the government has prioritized long-term economic value by recruiting experts in AI, IoT, private banking, and sustainability.
Key Statistics
- 158,000 Golden Visas were issued in Dubai in 2023.
- 40% went to investors, while 60% were distributed among professionals, including bankers, AI specialists, and climate experts.
- 22% of recipients were from tech and finance sectors, reflecting the UAE’s push to align immigration with economic diversification.
New Categories & Flexibility
The Golden Visa now covers scientists, top university graduates, coders, and entrepreneurs. Keswani expects further expansions into AI, climate tech, and cloud computing.
A major advantage is flexibility:
- Holders can switch jobs or start businesses without losing residency.
- Residency and investments are legally separate, allowing asset liquidation without visa repercussions.
Strategic Shift
With global hedge funds bringing $48 billion into the UAE, the focus has shifted to attracting CEOs, CTOs, and specialists to optimize these investments. The program’s adaptability continues to make it a top choice for global talent.
