Ministry of Economic Development

Trade Policy Formulation
Trade policy formulation is mandated to Ministry of Economic Development. The trade policy of the country is formulated, in coordination and consultation with the relevant Government Ministries and in compliance with international obligations, agreements, treaties and conventions that Maldives is signatory to.
Labour and employment policy
Transport policy
Investment Promotion
Invest Maldives is the government agency entrusted with promoting, regulating and licensing foreign investments in the country. It is the first port of call for all foreigners keen on investing in the Maldives.
SME Development
The potential of the SME sector in creating a more resilient and diversified economy as well as creating more employment opportunities, particularly in the outer atolls is ever increasing. The Ministry envisages establishing the requisite institutional and organizational mechanisms to restructure and consolidate all SME Development activities in order to achieve economies of scale and efficiency of operations.
IPR
Invest Maldives is the government agency entrusted with promoting, regulating and licensing foreign investments in the country. It is the first port of call for all foreigners keen on investing in the Maldives.
Consumer Protections
The Consumer Protection Act enables the consumers to protect their basic rights in buying goods and services. It includes the right for basic product information such as price, product labeling, and terms and conditions in the sale of goods and services.
Standards
Standards make products and services more reliable and it helps to improve the organizational performance and minimize the risks. As the National Standards Body we work towards formulating national standards and adopting international standards to facilitate industry needs.

Publications
Publications
Laws and Regulations
Laws and Regulations
Policy Documents
Policy Documents
Forms
Forms
Annual Reports
Annual Reports

Bilateral
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- Agreements
- Trading Partners
  - Statistics
Regional
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- SAFTA
- SATIS
  - Agreements
Multilateral
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- WTO
- OIC

Business Incorporation

Registration of Companies Business Incorporation Registration of Partnerships Registration of Cooperative Societies Forms Registration of Sole Proprietorships Foreign Investment

Service:

Registration of companies

Why do I need to do this?

Follow this user guide if you need to register a local private or public limited company.

Where can I apply for the service?

You may apply online or in person at MED

How long will the process take?

Next working day (Day 2) from date of application (Day 1)

What are the fees and charges involved?

° Registration fee: Calculated depending on company capital

° Revenue stamp of MVR 500

° Annual fee for the current year: MVR 2,000 for a private limited company, MVR 10,000 for a public limited company.

Which documents do I need to submit?

	Document	Check for:
1	Business Registration Form Download Form	° All required fields filled correctly ° All documents listed in the application form are submitted ° Signature

3	1. Name Search & Reservation Application - G001 Business Name Registration Form - G002	° Original of the name search approval signed by the Ministry
4	Memorandum of Association - 2 copies Download Form ( Dhivehi ) Download Form ( English )	The memorandum of every company must state: ° Name of the company (as approved through the business name approval process) ° Whether the company is a private company or a public company. ° The registered, full address of the company. ° Company objectives (whether they are same as the options provided in Application form) ° The liabilities of the members are limited. ° The authorised capital of the company and the manner in which it is to be procured. ° Details of shareholders (name, address, no.of shares, signature) ° Details of witnesses (name, address, ID no., signature)
5	Articles of Association – 2 copies Download Form ( Dhivehi ) Download Form ( English )	The Articles of every company must state: ° Name of the company (as approved through the business name approval process) ° Quorum of the Board defined as at least 50% plus one member How the company shall be managed according to the Companies Act For private companies, it must state: ° It cannot sell shares to the public. ° Shares of the company may only be transferred to a party approved by the Board of Directors in accordance with the Articles. ° The number of shareholders of the company is limited to 50. ° Details of shareholders (name, address, no.of shares, signature) ° Details of Board of Directors (name and address) ° Details of witnesses (name, address, ID no. signature)
6	Acceptance letter from Managing Director	° Signature of Managing Director
7	Acceptance letter from Company Secretary	° Signature of Company Secretary
8	National Identification Card copies	° Clear and complete NIC copies of all relevant individuals are submitted (all shareholders, Company Secretary, Board of Directors)
9	Company registration fee	° Company registration fee as per Clause 7 of the Companies Act 10/96
10	Revenue stamp	° Revenue stamp of MVR 500.

If shares for new company to be registered are held by an existing company, submit these additional documents:

	Document	Check for:
1	Board resolution for acquiring shares	° Whether the quorum was met ° Details of Board of Directors (name and signature) ° Share ownership ° Company seal
2	Company status	° Whether annual fee payment completed
3	Board resolution for appointing a Director of another company to the Board of Directors (if applicable)	° Name of Director appointed ° Details of Board of Directors (name and signature) ° Company seal