Investing in the Maldives

In contrast to many other countries of the world, investing in the Maldives, particularly in the tourism sector, is relatively straightforward. So much so that in 2006, the World Bank ranked Maldives as top in South Asia in its "Ease of doing business" index. 

With rights to 100% foreign ownership and no restrictions on foreign exchange repatriation, international investors have benefited tremendously over the years, both in investing in the Maldives and subsequently taking funds out. Furthermore, the Maldivian currency, the Rufiyaa, is pegged to within a narrow range against the US dollar, making for easy conversion if required.

Legal and Regulatory

From a legal and regulatory perspective, particularly with regards to commercial affairs, Maldives law is based on English common law. Moreover, although the official language of the country is Dhivehi, English is accepted throughout in commercial transactions, particularly in the tourism sector, and in fact, is spoken by the majority of Maldivians.

Investors in the Maldives are protected by law through the "The law on foreign investments (Law 25/79)", and the "Companies Act of the Republic of Maldives (Law: 10/96)" (Unofficial Translation)

Key Benefits

    • Right to 100% foreign ownership.
    • Legally backed investment guarantee.
    • Provision for overseas arbitration of disputes
    • Long term contractual agreements and long term lease of land
    • Freedom to use foreign managerial, technical and unskilled workers.
    • No foreign exchange restrictions.
    • No restrictions on the repatriations of earnings or profits.
    • Investment Regulations

Further information on investing in the Maldives can be found at the government sites, http://www.investmaldives.org or http://www.trade.gov.mv

 

  • Tourism in Maldives
  • Investing in Maldives
  • Useful Links