As per the law
pertaining to Foreign investments in the Maldives:
- A Foreigner (government/national/body) incorporated outside the Maldives may invest in, accordance with the terms of this Law. The Government of the Maldives or any part representing the Government, or Maldivian nationals or a body incorporated in the Republic of Maldives may collaborate in such investments.
- When investing in Maldives, the foreign business may opt to enter Maldives either by one of the following TWO options:
- Setting up an investment wholly owned by foreigners, ie; by registering investments whose ownership of 51% or whole held by foreigners or entities incorporated outside of the Maldives.
- Forming a joint venture with a Maldivian company or nationals, ie; by Registering a joint venture investments whose ownership of 51% or more is held by a Maldivian or wholly owned Maldivian entities incorporate in the Maldives.
- Foreign Investment may be made in Maldives in accordance with section 3 hereof, in the Ministry of Tourism if the investment is in tourism, and in the Ministry of Trade and Industries in all other investments. After signing an agreement and having the investment duly registered in the Ministry of Trade and Industries.
- The nature and the areas of any Foreign Investment that could so be made in the Republic of Maldives shall be decided by the Ministry of Tourism should the investment be tourism related and by the Ministry of Trade and Industries in all other investments. The said investments shall have a capital acceptable to the Government of the Republic of Maldives.
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