Premier Chambers

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Premier Chambers, established in the early 1990s, takes pride in being pioneers in the provision of professional legal services in the Maldives. Our firm has been ranked by Chambers and Partners as a Band 1, top-ranked law firm in the Maldives for the 14th consecutive year.

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Insights

Premier Chambers Contributes to Chambers Investing in … Global Practice Guide 2025

News Mar 16, 2025 Premier Chambers Contributes to Chambers Investing in … Global Practice Guide 2025 We are delighted to be a contributor to the Chambers Investing in … Global Practice Guide 2025, offering key insights into the investment landscape in the Maldives.

Amendments to the GST Act and Regulation

Tax Mar 8, 2025 Amendments to the GST Act and Regulation Significant changes have been introduced to the Goods and Services Tax (GST) Act through the 7th Amendment and regulations, bringing updates that will impact businesses, particularly in the tourism sector.

MMA Releases Draft General Regulation on Foreign Currency

News Feb 21, 2025 MMA Releases Draft General Regulation on Foreign Currency The Maldives Monetary Authority (MMA) has released the Draft General Regulation on Foreign Currency for public comments. This regulation outlines the additional transactions permissible to be carried out in a foreign currency, procedures for deposit and conversion requirements, and actions to be taken against non-compliance with the Foreign Currency Act (FCA).

Foreign Currency Rules in the Maldives

Legal Feb 21, 2025 Foreign Currency Rules in the Maldives The Maldives Monetary Authority (MMA), overseeing the implementation, has introduced rules governing the foreign convert market in the Maldives. The Regulation on Foreign Currency (Regulation No : 2024/R-91) applicable to the period October 2024 to December 2024 and Foreign Currency Act (FCA)(Act No : 2024/32) applicable thereafter, establish guidelines for managing foreign currency transactions and regulate foreign exchange market in the Maldives. Here is in brief what you need to know about the foreign currency rules in the Maldives.

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