Learn how foreigners can invest in Maldivian property through leasing villas and strata properties. While land ownership is not allowed for foreigners, these alternative options offer a way to own a land or even a private villa in the Maldives.
Here is an overview of the major taxes applicable to foreign businesses in the Maldives. These taxes include Income Tax, GST, Non-resident Withholding Tax. It’s essential for businesses to understand the basics of these taxes before your move here.
This summary outlines the registration process for foreign businesses in the Maldives, covering business forms, approval requirements, and key steps. It highlights the timeline, costs, and documentation involved in establishing a foreign business.
The Maldives welcomes a wide range of investments, including tourism (tourist resorts, hotels and guesthouses), real estate, infrastructure, and renewable energy.
Foreign investments are generally welcomed, with certain sectors having specific guidelines and requirements.
Some sectors, such as guesthouse business, require foreign investors to partner with local businesses.
How is repatriation of profits handled?
Foreigners can take on land on long leases and the existing laws together with a strong contract can protect the lease during the investment period.
For investors seeking opportunities to invest in individual villas or rooms within resorts, strata properties present an attractive option. In Maldives, certain operational resorts offer strata leases for individual villas or rooms. Typically utilized as vacation homes by high net worth individuals, these strata properties allow for specific periods of residence during the year by way of a lease. During times when the property remains unoccupied, the resort operator arranges for the sale of the villa or room to tourists under various profit-sharing arrangements.
Establishing a business involves registering with relevant authorities and adhering to specific procedures. Refer to the section on Procedures to Register a Company in the Maldives.
Tourism, infrastructure development, and renewable energy are among the priority sectors.
Yes, the Maldives has established SEZs to encourage investments and economic growth in designated areas.
The Maldives is committed to sustainable development and encourages investments that align with environmental preservation.
Depending on the sector, investors need to secure relevant permits and licenses from regulatory authorities.
Disputes are generally resolved through local courts or arbitration, as per the contractual agreements.
Disputes are generally resolved through local courts or arbitration, as per the contractual agreemenaForeign employees usually require work permits, which are facilitated through the Ministry of Economic Development.ts.
The minimum capital requirement varies based on the type of business activity.
Yes, foreign investors can participate in PPPs, which are encouraged for various infrastructure projects.
As of now, there are no major restrictions on currency exchange or remittances for foreign investors.
Investors need to adhere to environmental regulations to ensure sustainable practices in their projects.
The healthcare sector presents investment prospects, especially in areas like medical tourism and healthcare infrastructure.
The Maldives has a skilled workforce, and recruitment can be done through various channels, including local agencies. You also can source labour or skilled workforce from neighbouring countries.
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