Service: |
Registration of Cooperative Societies | ||||||||||||||||||||||||||||||
Why do I need to do this? |
Follow this user guide if you need to register and do business as a cooperative society. | ||||||||||||||||||||||||||||||
Where can I apply for the service? |
You can apply in person at MED Ministry of Economic Development, Boduthakurufaanu Magu, Male’ 20125, Republic of Maldives Phone: +960 3323668, Fax: +960 3323840 Email: [email protected] | ||||||||||||||||||||||||||||||
How long will the process take? |
Next working day (Day 2) from date of application (Day 1)
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What are the fees and charges involved? |
• Registration fee: MVR 200 • Annual fee for first year: MVR 200
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Which documents do I need to submit? |
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How do I apply for the service? |
Day 1: 1. Lodge application at counter. 2. If any information is missing, provide the required information. If application is in order, receive invoice slip for payment.
* If there are any issues in approving the registration, the Ministry will notify you by phone and request for any amendments if applicable.
Day 2: 3. Make payment. 4. Receive the original of certificate, registration letter, endorsed Memorandum and Articles of Association and payment receipt. | ||||||||||||||||||||||||||||||
What would I receive at the end of the process? |
• Certificate • Registration letter • Endorsed Articles of Association (AofA) • Endorsed Memorandum of Association (MofA) • Copy of payment receipt
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Did you know: |
• You need to get
the name of cooperative society approved by the Registrar of Companies prior
to registration. • Cooperative society to be registered must be formed to address specific objective(s) that fit the requirements stated in the Cooperative Societies Act of the Maldives. • Cooperative society to be registered must have at least ten shareholders above 18 years of age who belong to the community to which the cooperative society belongs. • Payment by cheque is acceptable only with bank guarantees. |
References: |
• Cooperative Societies Act of the Maldives • Regulation for Cooperative Societies • User guide on business name approval |