Investing in the Maldives: Simplified overview of the Foreign Investment Act Legal Oct 5, 2025 Investing in the Maldives: Simplified overview of the Foreign Investment Act A comprehensive guide to the legal, regulatory, and investment landscape of the Maldives. Covering foreign investment laws, taxation, corporate governance, and market trends, this resource provides valuable insights for businesses and investors navigating opportunities in the Maldives.
Understanding Service Charge Regulations in the Maldives Legal Jun 23, 2025 Understanding Service Charge Regulations in the Maldives Service Charge Regulation (Regulation Number: 2021/R-41) is designed to ensure proper collection and fair and equal distribution of Service Charge within the tourism industry and other businesses. This guide outlines the purpose of the regulation, who is required to collect service charges, how they should be collected, and the rules for distribution and submission to authorities.
MIRA Issues New Guidance on Tax Implications of Directors’ Current Account Transactions News Apr 13, 2025 MIRA Issues New Guidance on Tax Implications of Directors’ Current Account Transactions The Maldives Inland Revenue Authority (MIRA) has released a guide examining the tax implications of transactions recorded in directors’ current accounts. This guidance reflects MIRA’s ongoing efforts to clarify the interpretation of tax laws and regulations.
MIRA releases Draft Regulation for Public Consultation: Key Changes Proposed Tax Mar 23, 2025 MIRA releases Draft Regulation for Public Consultation: Key Changes Proposed The Maldives Inland Revenue Authority (MIRA) has released the first draft of the Sixth Amendment to the Income Tax Regulation for public consultation and feedback. This draft introduces significant changes, particularly impacting businesses operating in the tourism sector. Stakeholders are encouraged to review the proposed amendments and submit their comments by Tuesday, 15 April 2025 as these changes are expected to have major tax implications moving forward.
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.