why invest in the maldives investment oportunities
Unlike many countries, the Maldives provides a very simple and investor friendly legal framework. The Law on Foreign Investments, Law No: 25/79 governs foreign investments in the Maldives. Foreign trading is governed by the Law Governing the Conduct of Business by Foreign Nationals, Law No: 4/79.
With its youthful and educated population (over 76% of the population is below the age of 35 years with the literacy rate being 98.94%) and a buoyant economy, the Maldives is a land of opportunity for those with energy, enthusiasm and enterprise. Maldivians are a generally enterprising and very hospitable people with a dedication and concern for the environment.
Maldives offers investors a secure political and social climate with a transparent policy and legal climate for business. Maldives is also noted for its consistent economic and public policies, making it one of the most dynamic economies in the South Asia Region.
Maldives has good air and sea connections with direct flights from Southeast Asia Europe, Middle East and Africa. The international airport is approximately 10 minutes from the capital and is served by over 30 scheduled, chartered and cargo airlines. Other advantages include streamlined foreign investment procedures and no exchange restrictions.
The incentives offered to investors include the right to hundred percent foreign ownership or joint ventures and the freedom to repatriate profits and capital equipment. Long-term lease of land is available for large-scale projects, and investors are free to use foreign managerial, technical and unskilled expatriate workers. There are no income taxes, corporate taxes, value added taxes, property taxes, or capital gains taxes in the Maldives.
Investment opportunities in the Maldives range from investments affiliated with the tourism industry, marine-based industries and other ventures like commercial infrastructure projects, computer technology ventures and banking and financial services.
Tourism industry: direct investment in the industry or support industries like the development of air and sea transport.
Fishing and Maritime Industries: Value-adding enterprises such as marine-based product development, especially in the 900,000 sq km of the EEZ, reef fish processing, aquaculture and related activities like boat building, fishing gear manufacturing, marine engine assembly.
Shipping:
Re-export trade, bunkering, transhipment, passenger cruising, inter-atoll
transport services.
Manufacturing: Divers products for export and local market, ready-made
garments, processing of food items
Leisure:
Yacht marinas, theme parks, feature movie production, health spas.
Real
Estate: Major industrial, residential and time-share property development
on islands.
Commercial Agriculture:
Marine and land based.
Handicrafts: Support and marketing, manufacturing.
Foreign
investments and related issues are handled by the Foreign Investment
Service Bureau (FISB) under the Ministry of Trade and Industries
of the Maldives.
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