Invest Maldives is the lead government agency responsible for investment promotion, facilitation, and registration. Invest Maldives offers a one-stop shop that takes investors through the A-Z of investing in the Maldives.
Maldives has continued to develop at a steady pace during the last twenty years. The economy has remained resilient amidst the shocks the world has seen during the period. Pro-market policies embedded within the government’s economic vision contribute to a strong, liberal and transparent trading and commercial environment. In its drive to build a strong and stable economy the government has implemented several policies that opens up attractive opportunities for foreign investors.
View all our Foreign Investment opportunities by heading to our website.
Foreign Investments
A brief overview of the application process is outlined below.
Step 1: Seeking Approval for the Foreign Investment Proposal
To initiate the process, please submit duly completed application form and supporting documents to: [email protected]
Step 2: Review of the Application
Once an application is received, it will be acknowledged, and a reference number will be shared with the Applicant. If any additional documents are required, the Applicant will be notified.
The final decision will be shared with the Applicant after reviewing the submitted application and supporting documents.
If an application is approved, a no objection letter will be issued by the Ministry along with a draft copy of the Foreign Investment Agreement to be signed with the Ministry.
Step 3: Foreign Investment Administrative Fee
After receiving approval, the Applicant is required to make a payment of USD 5,000 for the foreign investment administrative fee to the Maldives Inland Revenue Authority (MIRA). This is a non-refundable processing fee charged for all approved applications.
Step 4: Business Registration
Having settled the foreign investment administrative fee, Applicants are required to share a copy of the receipt issued by MIRA with: [email protected]
The respective forms required for registration and the standard templates for the constitutional documents can be found in the relevant service in oneGov: Company Registration & Changes
Applicants can submit registration documents via Business Portal.
Step 5: Issuance of the Foreign Investment License
Following registration of the entity, the Ministry will issue a Foreign Investment License to the entity.
Step 6: Signing the Foreign Investment Agreement
The last step is to finalize and sign the Foreign Investment Agreement with the Ministry of Economic Development and Trade.
The documents required for foreign investment approval vary depending on the type of request.
A checklist of the documents required is annexed to the application form.
All approved Applicants are required to make a payment of USD 5,000 to the Maldives Inland Revenue Authority (MIRA).
The fee required for business registration can be calculated from the link which depends on the capital amount: Registration Fee Calculator
Whereas, for share transfer requests MVR 100 is charged to complete the process.
Foreign Investment Application Forms
This application form is required for incorporation and re-registration of a foreign investment entity.
This application form is required if an existing local entity wishes to transfer shares of the entity to a foreign party.
This application form is required if an existing foreign investment entity wishes to add new objectives to the approved scope of the Business.
This application form is required if an existing foreign investment entity wishes to renew or extend the duration of the Foreign Investment Agreement or Foreign Investment License.
Foreign Contractor Application Forms
This application form is required for incorporation and re-registration of a foreign contractor. Please note that all foreign contractors will be registered on the basis of the project award.
This application form is required if an existing foreign contractor wishes to include a newly awarded project in the approved scope of the Business.
This application form is required if an existing foreign contractor wishes to renew or extend the duration of the Foreign Investment Agreement or Foreign Investment License. The Applicant is required to submit an Extension of Time (EoT) from Employer of ongoing project or proper justification with a Board Resolution.