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Offices| Aspect | Details |
|---|---|
| Fees for Company Registration in Maldives | The fees for company incorporation in Maldives start from 399 USD |
| Timeline for Online Company Registration in Maldives | The company formation in Maldives takes around 1 to 2 weeks |
| Benefits of Maldives company formation for foreign entrepreneurs |
Benefits of online company registration in Maldives include:
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| Type of Business Structures for Online Company Registration in Maldives |
Types of structures for company formation in Maldives include:
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| Documents Required for Online Company Registration in Maldives |
Documents required for company formation in Maldives include:
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| Top Businesses for Foreign Entrepreneurs for Company Incorporation in Maldives |
Some of the top businesses for foreign entrepreneurs applying for online company registration in Maldives are:
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| Procedure for Maldives Company Formation for Foreign Entrepreneurs |
The procedure for online company registration in Maldives includes the following steps:
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| How We Can Help You with Offshore Company Setup in Maldives? |
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With a business setup in Maldives, be a part of Asia’s most dynamic and investment-friendly economies, offering endless growth prospects!
Company registration in Maldives offers a hassle-free process within an investor-friendly economy, making it an ideal destination to scale your business operations. Global entrepreneurs investing in one of South Asia’s most dynamic markets enjoy a seamless blend of simplicity and opportunity with business setup in Maldives.
Maldives, ranked 147th globally for ease of doing business, is an appealing destination with a transparent legal framework promoting foreign investment. The Maldives is projected to grow to $7.64 billion by 2025 and is exclusively overseen by the Ministry of Economic Development, Maldives. However, entrepreneurs seeking international business expansion should consider the Maldives, which actively encourages investment across various industries.
Talk to our expert consultants for effortless and timely company registration in Maldives.
Low Tax Burden- Up to 15% CIT, 8% GST
Strategic Location Connecting South Asia & Beyond
No Restriction on Foreign Exchange
Favourable Business Environment
No Restrictions on Profit Repatriation
Entrepreneurs setting up a business in Maldives must choose from a legally recognized business structure that aligns with their long-term goals and needs. However, the different types of business structures best suited for entrepreneurs seeking company formation in Maldives are as stated below:
Limited Liability Companies are among the popular choices that offer flexibility in ownership with limited liability to the foreign shareholders of the company. However, the Maldives government imposes a 5% profit tax rate on income from outside the Maldives, making it an obvious choice for company formation in Maldives.
It is a form of business structure in Maldives that can offer its shares to the general public for purchase. It facilitates wider access to investment and external financing. The minimum capital required is MVR 1,000,000. Public companies must adhere to strict regulations. It is one of the significant structures for online company registration in Maldives.
The Partnership Act of Maldives allows for the creation of two distinct types of partnership companies, i.e., general partnership and limited liability partnership. In a general partnership, two or more partners are held jointly liable for the Company's debts and obligations, whereas, in a limited liability partnership, two or more shareholders are only liable for the debts depending on their share of the capital.
Sole proprietorship is the simplest form of legal business structure which is personally liable for all its debts. However, the sole proprietorship operates under the name of its owner or a business name registered for the purpose. This form of business entity is particularly popular among small-scale entrepreneurs seeking to simplify the ease of doing business in Maldives.
A branch office is a subsidiary location of a foreign company that is legally registered to operate within the country. It allows the parent company to conduct business activities in the Maldives without establishing a separate legal entity. Global entrepreneurs can register a branch office in Maldives. It is one of the key structures for company registration in Maldives.
The step-by-step guide to company incorporation in Maldives provides a comprehensive overview of the procedure required to legally set up a business in the ever-expanding economy of Maldives. Have a look over the procedure for Maldives company formation for foreign entrepreneurs, as outlined below:
The applicants are required to determine the most suitable structure of the business enterprise based on the business objectives and requirements.
The applicants are further required to choose a specific and acceptable name for their organization, adhering to Maldivian naming rules. The availability of the business name must be further verified and put aside via the Ministry of Economic Development, Maldives.
The next step requires the applicant to draft required legal documents like Memorandum and Articles of Association which outline the objectives, structure, and internal regulations of the Company.
The next step requires the applicants to make submission of registration application including a Memorandum and Articles of Association, to the Ministry of Economic Development for company registration.
Upon successful filing of online application, the entrepreneurs must make payment of applicable registration fees varying based on the prescribed rate schedule.
MED (Ministry of Economic Development) will review the submitted documents and provide a company registration certificate.
The timeline for online company registration in Maldives depends on various factors, such as the type of business structure and the completeness of required documents, are as outlined below:
It takes around 2 to 3 working days to prepare the necessary documents for setting up business in Maldives.
It takes around 3 to 5 working days to make the submission of the application scrutinized for completeness and adherence to local regulations.
The timeline to obtain approval from MED, Maldives, typically ranges around 2 to 8 working days.
The timeline to obtain other necessary licenses and company seals varies depending upon the type of business activity and the regulatory requirements in Maldives.
The list of documents required for company registration in Maldives are as provided below:
Copies of Passport of All Shareholders, Directors, and Company Secretary
National ID Card of All Shareholders, Directors, and Company Secretary
Well-developed Business Plan
2 Copies of Articles of Association
2 Copies of the Memorandum of Association
Letter of Acceptance from Appointed Managing Director & Company Secretary
Yes, the ever-expanding lucrative environment of Maldives allows foreign entrepreneurs to expand and legally register their businesses in Maldives. The foreign business registered with the Ministry of Economic Development and Trade must obtain foreign investment approval in consultation with relevant stakeholders and laws applicable thereafter. Offshore company setup in Maldives is an excellent choice for global entrepreneurs.
Businesses driving significant foreign investments must adhere to the Special Economic Zone (SEZ) laws promoting investments in sectors like healthcare, education, information technology, and manufacturing. Additionally, with its focus on economic growth and minimal compliance hurdles, the Maldives is considered a prime destination for commercial enterprises seeking company registration.
Long-term Lease Land up to 99 Years
99% Success Rate
99% Success Rate
No Govt Office Visit Needed
Registering a company in Maldives offers numerous advantages, making it an appealing destination to start your entrepreneurial journey. Its strategic location as a business centre further enhances its appeal for business setup. Have a look over the following key benefits of online company registration in Maldives:
Company registration in Maldives facilitates your strategic presence in the Indian Ocean, which is also considered the gateway to South Asia. Moreover, it is considered a prime location for new company formation in Maldives as it helps companies build and expand their presence in the region.
The favourable business environment accompanied by streamlined regulations, simplified tax procedures and low corporate tax rates offers welcoming opportunities for company formation in Maldives.
Company formation in Maldives provides access to domestic and international vibrant markets that create opportunities for company formation and business expansion in the southern region.
Maldives, which offers easy property and construction strategy, offers economic benefits to foreign entrepreneurs seeking to set up their business in Maldives.
The investor-friendly government policies of Maldives offer unrestricted foreign ownership and directorship to entrepreneurs, allowing businesses to control and make decisions aligned with the state's policies.
The culturally diverse and welcoming community of the Maldives builds corporate networking and collaborations, streamlining smooth business growth and expansion.
Below mentioned are some of the legal requirements for company incorporation in Maldives:
The best industries for business investment in Maldives are as discussed below:
Top 10 Industries for Business Setup in Maldives
10 Ideas for Company Formation in Maldives
Have a look at the post-setup compliance for company formation in Maldives-
Enterslice holds 10+ years of experience and unparalleled expertise in facilitating company registration in the investor-friendly environment of Maldives. Connect with Enterslice to know the key reasons why Enterslice should be your first choice for company registration in Maldives:
Yes, a foreign entrepreneur is legally eligible to start a business with the approval of the Ministry of Economic Development of Maldives.
Yes, Indians obtaining business visas from the Ministry of Economic Development via the Ministry’s business portal are eligible to do business in Maldives
The process to set up a company in Maldives requires the applicants to comply with the following steps discussed below:
The list of documents required to register a company in Maldives is as discussed below:
The corporate tax rate for companies in Maldives is 15%.
The top 10 industries for business investment in Maldives are as outlined below:
Company registration in Maldives usually takes approximately 7 to 14 working days, subject to the completion of all necessary procedures and paperwork.
Yes, business setup in Maldives permits unrestricted foreign ownership and directorship in companies, fostering a welcoming environment for international investors.
Investors can establish various entities such as Limited Liability Company (LLC), Partnership, Sole Proprietorship, Public Limited Company (PLC), Branch Office, etc.
Yes, the Maldives offers certain tax incentives for businesses operating in specific sectors as part of its investment promotion policies.
Companies in Maldives must comply with annual reporting obligations, including filing financial statements and holding annual general meetings.
Yes, certain industries such as tourism, fisheries, healthcare, and others may require additional permits or licenses for business operations in Maldives.
Yes, foreign individuals can serve as directors in Maldivian companies without residency requirements.
Post-incorporation, the company must comply with ongoing regulatory obligations, tax filings, maintaining corporate records, and adhering to local laws.
Yes, a registered office address within the Maldives is a prerequisite for company registration.
No significant restrictions exist on repatriating profits or funds earned by a Maldivian company unless specified otherwise by law.
The role of professionals from company formation in Maldives services is to provide guidance, assistance in paperwork, legal compliance, and advisory support in the entire company formation process in Maldives. For further guidance, consult with our experts on company formation in Maldives.
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