Business Licenses

 

Service:

Issuing export license

Why do I need to do this?

Follow this user guide if you need an export license for export of goods from the Maldives.

Where can I apply for the service?

You can apply in person at MED

How long will the process take?

Same day as date of application (Day 1)

 

What are the fees and charges involved?

§ Revenue stamp to be charged at the rate of 10 Laari per every MVR 100 worth of exports.

 

Which documents do I need to submit?

 

Document

Check for:

1

Export license application form

§  All required fields filled correctly

§  All documents listed in the application form are submitted

§  List of items attached – ensure that any items prohibited by the Maldivian law, or allowed only with special permit are not included in list

§  Total value of estimated imports in an year (Cargo In Freight value) should be a minimum of MVR 100.

§  Signature (If applicant is an individual, his/her signature. If applicant is a business/government organisation, signature of an authorised person)

§  Seal (If applicant is a government entity or company registered for more than 15 days)

2

Revenue stamp

§  Revenue stamp equivalent to 10 Laari per every MVR 100 worth of exports (with the exception of government offices)

 

3

National Identification Card copy

§  Clear and complete NIC original and copy, if applicant is an individual

§  NIC original and copy of individual who receives the license (upon collection)

4

Copy of prior-attained permit from relevant government authority (if applicable)

§  Copy of permit for export of any products that require prior permit from the relevant government agency.

 

How do I apply for the service?

Day 1:

1. Lodge application for export license at counter.

2. If any information is missing, provide the required information.

If application is in order, Ministry will calculate amount for payment and instruct to make payment.

 

* If license cannot be approved, Ministry will inform you of the issue and instruct for amendment as applicable.

 

3. If approved, receive invoice slip and make payment.

4. If approved, receive original of export license and sign form as proof of receipt.

 

What would I receive at the end of the process?

§  Original export license

§  Copy of payment receipt

 

 

Did you know:

§  You must have a registered business at the Ministry of Economic Development.

§  For all application types, ensure that any items prohibited by the Maldivian law, or allowed only with special permit are not included in list of items for export.

§  If you have to obtain clearances/permits from other relevant Ministries, ensure that any additional documents that should accompany the permit are also submitted along with the application.

§  If you wish to export items that have been imported to the Maldives for which they have paid import duty, the export license issued should state this.

§  License will not be issued to an export value larger than the equivalent of the maximum number of revenue stamps that can be occupied in the space allocated in the form.

§  The total value of estimated exports will be rounded off to the nearest 100.

§  A minimum of MVR 100 is required as total value of estimated imports in an year (CIF value) per export license.

§  Payment by cheque is acceptable only with bank guarantees.

 

References:

§  Export and Import Act of the Maldives

§  Export and Import Regulation

§  List of prohibited items for export