Why invest in the Maldives
The Maldives is one of the most attractive investment places among the south-east Asian countries. The Maldives takes an outstanding place, due to its exotic nature and its natural beauty. The country is still considered to be developing and offers very attractive opportunities for the keen investor.
The number of foreigners investing in the Maldives has been rapidly increasing over the past few years. Services provided through such investments include resort management, sea and air transportation, accounting and management and manufacturing.
Potential investment opportunities for the keen investor to tap in are:
* Tourism industry: e.g. development of exotic holiday resort islands
* Property development in the capital Male' and nearby islands
* Air and sea transportation
* Marine based industries such as fish processing, aquaculture and marine culture
* Infrastructure development
* Buy out shares in existing businesses
* Participate as an investor in a new company
With a thorough local knowledge, our experts will advice you how to avoid potential risks to maximise the gain through your foreign capital.
http://www.investmaldives.org/
Monday, March 23, 2009
Maldives foreign investment plans
Foreign investors may choose, either to set up an investment wholly owned by foreigners or form joint ventures with Maldivian Nationals or companies registered in the Maldives. As such foreign investments may enter the Maldives under the following THREE options
A decision on all foreign investment proposals received by Invest Maldives, which meet the conditions, stated in Option I will be made and communicated to the investor within 10 working days, upon submission of all the relevant documentation listed in Annex 1
A decision on all foreign investment proposals received by Invest Maldives, which meet the conditions stated either in Option II or Option III will be made and communicated to the investor within 30 working days, upon submission of all the relevant documentation listed in Annex 1
http://www.investmaldives.org/aboutus.php
A decision on all foreign investment proposals received by Invest Maldives, which meet the conditions, stated in Option I will be made and communicated to the investor within 10 working days, upon submission of all the relevant documentation listed in Annex 1
A decision on all foreign investment proposals received by Invest Maldives, which meet the conditions stated either in Option II or Option III will be made and communicated to the investor within 30 working days, upon submission of all the relevant documentation listed in Annex 1
http://www.investmaldives.org/aboutus.php
Invest in maldives now
Why Maldives now ?
Economic Profile
The Republic of Maldives is an Indian Ocean archipelago of 1,100 palm fringed coral islands, grouped into 26 atolls, located off the southern tip of India. The country is 820 kilometres long and 130 kilometres wide, with a surface area of 90,000 square kilometres.
The population of the Maldives is approximately 360,000; a third of which live in the capital, Male’. A further 200 islands are inhabited by local people and the country also boasts eighty luxury resort islands.
The country’s pristine environment and exquisite marine ecosystem attracts 600,000 tourists per year and sustains a large fishing fleet.
Economic Profile
The Maldives is the world’s newest democracy. The country held multi party presidential election for the first time in November 2008, which ushered in a new, pro-market and business friendly president, Mohamed Nasheed.
The economy has enjoyed robust growth averaging close to 8 percent per annum during the last decade, particularly through the success and continued expansion of its tourism industry. To build on this growth, the new administration recognises the need for greater private sector involvement and foreign direct investment in the Maldivian economy.
In order to attract more investment, the government is establishing Special Economic Zones and other industrial zones with special incentive packages and long term land leases. Moreover, there are plans to diversify the Maldivian economy into areas such as shipping, information communication technology and offshore banking.
The World Bank’s 2006 Investment Climate Assessment “Ease of doing business Index” ranked Maldives top in South Asia
The Maldives enjoys a stable and transparent legal system and policy making environment. A foreign investment law guarantees the security of foreign and domestic investments. Furthermore, the Maldives’ liberal trade environment, dynamic private sector and development-oriented legal structure all contribute to a climate conducive to trade and investment.
The Maldives is socially cohesive, with a homogenous population that shares one culture, religion and language. Furthermore, the Maldives enjoys political stability, as witnessed by the recent peaceful transfer of power to a new, democratically-elected President. A new constitution, enacted in 2008, that enshrines the separation of powers between the executive, legislature and judiciary, is testament to the country’s stature as a modern and forward-looking nation.
The vast untapped potential in natural marine resources and the young, energetic and dynamic workforce are strong inducements to invest in the Maldives. The number of foreign companies investing in the Maldives has been increasing yearly for over a decade and foreign companies now provide air transport, resort management, manufacturing, management and accounting services.
The Maldives aims to attract more foreign investment, with an emphasis on attracting investments that:
* are capital intensive
* enhance transfer of technology
* introduce new skills
* are environmentally friendly
Incentives for foreign Investors
* Right to100%foreign ownership
* Legally backed investment guarantee
* Provision for overseas arbitration of disputes
* Long term contractual agreements and long term lease of land
* Freedom to use foreign managerial, technical and unskilled workers.
* No foreign exchange restrictions.
* No restrictions on the repatriations of earnings or profits.
* The application of some of the above incentives is subject to specific guidelines described elsewhere in this website http://www.investmaldives.org/
About Invest Maldives
Invest Maldives, the government agency entrusted with promoting, regulating and licensing foreign investments in the country, is the first port of call for all foreigners keen to invest in the Maldives. The process of registering a foreign investment, as required by Law, is simple and straight forward. Prospective investors can expect to get their operations under way within 10 days from the date that all the required documentation are submitted to Invest Maldives. Invest Maldives also plays an active role in supporting investors in their establishment and operations.
In short, Invest Maldives provides assistance at every stage of the investment process and will pave the way for speedy commercial operations. The following are the main functions and services that are provided by Invest Maldives:
* Marketing and promotion of the Maldives as an investment destination
* Providing information on the Maldives and potential areas of investment to prospective investors.
* Providing information and guidance on the application process to foreign investors.
* Issuing licenses for foreign investors to conduct business operations in the Maldives.
Foreign Direct Investments
Foreign Direct Investments (FDI) has always played a crucial role in the economic development of the Maldives. The Government acknowledges the importance of foreign investment and recognizes its contribution to economic development and employment creation. The Law on Foreign Investments in the Republic of Maldives (Law 25/79) governs foreign investments in the country. Foreign investments in the tourism sector are registered with the Ministry of Tourism and Civil Aviation while all non tourism foreign investments are registered with the Ministry of Economic Development and Trade.
The success of foreign investments in the Maldives can be attributed to its open and liberal economic environment, relative political stability and the consistent growth of the economy, which has achieved an average annual growth rate of 7.5 percent over the last 15 years. Foreign investors are offered a simple and transparent policy environment and continuous efforts are being made to make the investing environment more predictable and transparent. Capitalizing on the numerous benefits of investing in the Maldives, many reputed international brand names have established their presence in the country. Amongst them are world class resort investments by international hotel chains such as Hilton, Four Seasons, One & Only, Club Med and numerous other regional brands. Other foreign investments in the Maldives are concentrated in the transport and telecoms sectors, water production and distribution, and in the financial sector. Many global brand names, such as HongKong Shanghai Banking Corporation (HSBC), Ernst and Young (E&Y), Price Waterhouse Coopers (PWC), KPMG and many reputed insurance providers have strongly established themselves in the Maldives. Foreign investments, irrespective of their size, are encouraged to enter and operate in the Maldives.
Literally, all sector's of the Maldives economy is open for foreign investors. However, small investors are encouraged to form joint-ventures (JVs) with Maldivian nationals or companies registered in the Maldives.
Economic Profile
The Republic of Maldives is an Indian Ocean archipelago of 1,100 palm fringed coral islands, grouped into 26 atolls, located off the southern tip of India. The country is 820 kilometres long and 130 kilometres wide, with a surface area of 90,000 square kilometres.
The population of the Maldives is approximately 360,000; a third of which live in the capital, Male’. A further 200 islands are inhabited by local people and the country also boasts eighty luxury resort islands.
The country’s pristine environment and exquisite marine ecosystem attracts 600,000 tourists per year and sustains a large fishing fleet.
Economic Profile
The Maldives is the world’s newest democracy. The country held multi party presidential election for the first time in November 2008, which ushered in a new, pro-market and business friendly president, Mohamed Nasheed.
The economy has enjoyed robust growth averaging close to 8 percent per annum during the last decade, particularly through the success and continued expansion of its tourism industry. To build on this growth, the new administration recognises the need for greater private sector involvement and foreign direct investment in the Maldivian economy.
In order to attract more investment, the government is establishing Special Economic Zones and other industrial zones with special incentive packages and long term land leases. Moreover, there are plans to diversify the Maldivian economy into areas such as shipping, information communication technology and offshore banking.
The World Bank’s 2006 Investment Climate Assessment “Ease of doing business Index” ranked Maldives top in South Asia
The Maldives enjoys a stable and transparent legal system and policy making environment. A foreign investment law guarantees the security of foreign and domestic investments. Furthermore, the Maldives’ liberal trade environment, dynamic private sector and development-oriented legal structure all contribute to a climate conducive to trade and investment.
The Maldives is socially cohesive, with a homogenous population that shares one culture, religion and language. Furthermore, the Maldives enjoys political stability, as witnessed by the recent peaceful transfer of power to a new, democratically-elected President. A new constitution, enacted in 2008, that enshrines the separation of powers between the executive, legislature and judiciary, is testament to the country’s stature as a modern and forward-looking nation.
The vast untapped potential in natural marine resources and the young, energetic and dynamic workforce are strong inducements to invest in the Maldives. The number of foreign companies investing in the Maldives has been increasing yearly for over a decade and foreign companies now provide air transport, resort management, manufacturing, management and accounting services.
The Maldives aims to attract more foreign investment, with an emphasis on attracting investments that:
* are capital intensive
* enhance transfer of technology
* introduce new skills
* are environmentally friendly
Incentives for foreign Investors
* Right to100%foreign ownership
* Legally backed investment guarantee
* Provision for overseas arbitration of disputes
* Long term contractual agreements and long term lease of land
* Freedom to use foreign managerial, technical and unskilled workers.
* No foreign exchange restrictions.
* No restrictions on the repatriations of earnings or profits.
* The application of some of the above incentives is subject to specific guidelines described elsewhere in this website http://www.investmaldives.org/
About Invest Maldives
Invest Maldives, the government agency entrusted with promoting, regulating and licensing foreign investments in the country, is the first port of call for all foreigners keen to invest in the Maldives. The process of registering a foreign investment, as required by Law, is simple and straight forward. Prospective investors can expect to get their operations under way within 10 days from the date that all the required documentation are submitted to Invest Maldives. Invest Maldives also plays an active role in supporting investors in their establishment and operations.
In short, Invest Maldives provides assistance at every stage of the investment process and will pave the way for speedy commercial operations. The following are the main functions and services that are provided by Invest Maldives:
* Marketing and promotion of the Maldives as an investment destination
* Providing information on the Maldives and potential areas of investment to prospective investors.
* Providing information and guidance on the application process to foreign investors.
* Issuing licenses for foreign investors to conduct business operations in the Maldives.
Foreign Direct Investments
Foreign Direct Investments (FDI) has always played a crucial role in the economic development of the Maldives. The Government acknowledges the importance of foreign investment and recognizes its contribution to economic development and employment creation. The Law on Foreign Investments in the Republic of Maldives (Law 25/79) governs foreign investments in the country. Foreign investments in the tourism sector are registered with the Ministry of Tourism and Civil Aviation while all non tourism foreign investments are registered with the Ministry of Economic Development and Trade.
The success of foreign investments in the Maldives can be attributed to its open and liberal economic environment, relative political stability and the consistent growth of the economy, which has achieved an average annual growth rate of 7.5 percent over the last 15 years. Foreign investors are offered a simple and transparent policy environment and continuous efforts are being made to make the investing environment more predictable and transparent. Capitalizing on the numerous benefits of investing in the Maldives, many reputed international brand names have established their presence in the country. Amongst them are world class resort investments by international hotel chains such as Hilton, Four Seasons, One & Only, Club Med and numerous other regional brands. Other foreign investments in the Maldives are concentrated in the transport and telecoms sectors, water production and distribution, and in the financial sector. Many global brand names, such as HongKong Shanghai Banking Corporation (HSBC), Ernst and Young (E&Y), Price Waterhouse Coopers (PWC), KPMG and many reputed insurance providers have strongly established themselves in the Maldives. Foreign investments, irrespective of their size, are encouraged to enter and operate in the Maldives.
Literally, all sector's of the Maldives economy is open for foreign investors. However, small investors are encouraged to form joint-ventures (JVs) with Maldivian nationals or companies registered in the Maldives.
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