Service: |
Registration of companies |
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Why do I need to do this? |
Follow this user guide if you need to register a local private or public limited company. |
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Where can I apply for the service? |
You may apply online or in person at MED |
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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: 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.
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Which documents do I need to submit? |
If shares for new company to be registered are held by an existing company, submit these additional documents:
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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 via 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. |
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What would I receive at the end of the process? |
° Certificate ° Registration letter ° Endorsed Memorandum of Association ° Endorsed Articles of Association ° Copy of payment receipt
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Did you know: |
° You need to get the company name approved by the Registrar of Companies prior to registration. ° Company to be registered must have at least one shareholder above 18 years of age. ° If one or more shareholders are of foreign nationality, follow User guide for foreign investment registration ° Minimum capital for a private limited company is MVR 2,000; and minimum capital for a public limited company is MVR 1,000,000. ° Payment by cheque is acceptable only with bank guarantees.
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References: |
° Companies Act of the Maldives ° Companies Regulation ° Foreign Investment Act ° User guide on foreign investment registration ° User guide on business name approval
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