Ministry ofEconomic Development Republic of Maldives
Registration and operations services
| Service: | Registration of sole proprietorships | |||||||||||||||||||||
| Why do I need to do this? | Follow this user guide if you need to register to and do business in the Maldives as an individual. | |||||||||||||||||||||
| Where can I apply for the service? | You can apply in person at MED | |||||||||||||||||||||
| 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 500
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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 via phone and request for any amendments if applicable.
Day 2: 3. Make payment. 4. Receive the original of certificate, registration letter and payment receipt. | |||||||||||||||||||||
| What would I receive at the end of the process? | § Certificate § Registration letter § Copy of payment receipt
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| Did you know: | § You need to get the business name approved by the Registrar of Companies prior to registration. § You must not already have a Sole Proprietorship registered under your name. § You must be a Maldivian individual above 18 years of age. § Payment by cheque is acceptable only with bank guarantees. § The registration validity period is 5 years.
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