Investment framework and opportunities in the Maldives
Procedures Relative to Foreign Investment
- Acquisition of Holdings
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Maldives allows foreign investors to register companies and partnerships but does not allow them to register cooperative societies or as sole proprietor.
Foreign investment in certain sectors is still restricted (e.g. wholesale and retail trade, logistics activities, food and beverage service activities, broadcasting, rental and leasing activities, etc.) while others have a cap on foreign equity ownership (manufacture of fish and agricultural products – 75%, construction of buildings and civil engineering – 65%, sea transport services – 49%, air transport services – 65%, etc.). Furthermore, foreign parties cannot own land but can lease for periods no longer than 99 years for business activity under certain regimes.
- Obligation to Declare
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The Ministry of Economic Development screens and reviews all foreign investment proposals. It also manages the process for business incorporations, permits, licenses and registration of logos, trade markets, seals, and other processes.
- Competent Organisation For the Declaration
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Invest Maldives
Ministry of Economic Development
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Latest Update: November 2023
Maldives: Investing in the Maldives
