|
Document
|
Check for:
|
1
|
Foreign
investment registration or re-registration application form (as applicable)
|
• All
required fields filled correctly
• All documents listed in the application form are
submitted
• Names, permanent address, passport/NIC numbers of each
individual shareholder and director
• Signature
|
2
|
Name search approval form
|
• Original of the name
search approval signed by the Ministry
|
3
|
No objection letter from MoHI (if
applicable)
|
• If applicant is
looking to re-register, a no objection letter from MoHI after completion of
their evaluation process.
|
4
|
Signed agreement of approval
|
• Signed agreement of
approval of area and type of investment obtained from Ministry of Economic
Development.
• Agreement should specify the type of work and how they
will be carried out.
|
5
|
Capital value
|
• Capital of an
acceptable value to the Maldivian Government – decision by Ministry staff
|
6
|
Passport/National Identification
Card copies
|
• Clear and complete
passport or NIC copies of all relevant individuals are submitted (all
shareholders and directors of investing entity and legal representative)
|
7
|
Declarations from shareholders
|
• Separate declarations
from all shareholders of the investing entity, stating no objection to
Ministry seeking a police clearance report for each shareholder.
• Declarations from individual shareholders of the company,
if one or more shareholders is a legal entity
• Signatures
|
8
|
Reference letter from bank
|
• A reference letter
from a reputable bank on each shareholder (individuals and legal entities)
|
9
|
Board resolution for decision to
invest/re-register (as applicable)
|
• If shareholders
include a legal entity, a board resolution from their board of directors
confirming their decision to invest in Maldives (for new registrations) or
re-register in Maldives (for re-registrations)
• Whether quorum was met
|
10
|
Board resolution for appointment
of legal representative (if applicable)
|
• Contact person/legal
representative with power of attorney appointed by a Board resolution
• Whether quorum was met
|
11
|
Business plan and feasibility
study
|
• Proposed business plan
and feasibility study of the foreign investment entity
• Details of proposed investment
• Main activities of foreign investment entity
• Five year projection of finances (balance sheet, profit
and loss, cash flows, including assumptions)
• Financing plan (including equity, debt)
• Phasing plan for investment detailing any proposed
phasing of capital/infrastructure developments
• Human resource plan (including wages, employee benefits,
foreign labour replacement plan)
• Feasibility indicators (NPV, IRR, payback period)
|
12
|
Letter from Power of Attorney
|
• Signed letter of
authority or Power of Attorney for the contact person
|
13
|
Registration documents of
investment entity (if applicable)
|
• Documents should be
verified with the Company unit of the Ministry, with the expectation that
the objectives and/or may require amendment – only for new registrations
|
14
|
Taxpayer registration form
|
• Completed and signed
taxpayer registration form of MIRA
|