Maldives, blessed with exquisite beauty and popular among tourists across the globe, wants Bollywood to explore its tropical locales, including some of the world’s finest lagoons, and has offered one of its islands entirely for filmmaking. Bollywood industry could be promoted in Maldives in the same manner as has happened in Seychelles and Mauritius, Maldivian tourism minister Toyyid Mohammad said here. “We have already proposed that one of the islands could be turned into a studio to shoot movies. Hopefully, it will materialise by next year,” he said. With a population of just 6.5 lakh,… Read More »Maldives & Bollywood

Income Tax Income Tax is levied under the Income Tax Act (Law Number 25/2019). The act was published in the Government Gazette on 17 December 2019 and taxation under the act is set to commence on 1 January 2020. However, remuneration will come within the purview of income effective 1 April 2020. The Business Profit Tax regime imposed under the Business Profit Tax Act would be repealed with the commencement of Income Tax. Tax residents of Maldives are taxed on their worldwide income, whereas non-residents are taxed on the income derived from Maldives. Tax Rates… Read More »MIRA – Income Tax

Law No. 25/79 Section 1 a) A foreign government or a foreign national or a body incorporated outside the Republic of Maldives may invest in the Republic of Maldives, in accordance with the terms of this Law. The Government of the Republic of Maldives or any part representing the Government, or Maldivian nationals or a body incorporated in the Republic of Maldives may collaborate in such investments. b) A Foreign Investment may be made in the Republic of Maldives in accordance with section 3 hereof, in the Ministry of Tourism if the investment is in… Read More »Foreign Investments Law

Business Visa is a temporary multiple-entry visa issued to a foreign national intending to stay in the Maldives for business purposes. In accordance with the new Business Visa Regulation published on 25th August 2021, applications for the Business Visa has to be submitted to the Ministry of Economic Development via Ministry’s Business Portal. Source: https://www.immigration.gov.mv/business-2/

Maldives is a south-east Asian country located in the Indian Ocean. It is the smallest country in Asia in terms of size and population. Maldives is one of the most popular tourist destinations in the world and thousands of Indians travel to the island country for tourism as well as other purposes. The Maldives government issues three different type of visas for foreign nationals visiting the country. These are the tourist visa, business visa and family/friend visit visa. Types Of Visa Tourist visa: If a person is travelling to Maldives for the purpose of tourism… Read More »Maldives Visa For Indian Citizens

Although home to just over half a million people the Maldives has its own unique culture and traditions. While heavily influenced by various cultures around the rim of the Indian Ocean, the Maldivian culture, craft and traditions have been shaped by the island environment and the seas that surround us. Dhivehi is the language of the Maldivian people. Our current script, Thaana is unique and was developed from Arabic numerals around the 16th century. Maldivians are master boat builders. The traditional Maldivian boat, dhoni has been shaped over centuries, resulting in a craft that perfectly… Read More »MALDIVES CULTURE

Tourism Development Tourism in the Maldives has started in 1972 with only three hotels, now – there are more than 100 operational resorts. The unique condition of Maldives is that one island is one resort, meaning that one hotel occupies the whole island. By doing so, resorts provide more privacy and more luxury for their visitors. The Maldives are also trying to stay eco-friendly and use more of solar energy rather than diesel. The Maldives provide facilities and services, entertainment and telecommunication services, they also provide numerous resorts, hotels, guest houses, and liveaboards. Overview of… Read More »Travel & Tourism

India’s total financial commitment in Maldives covering all loan and grant projects is well over $ 2 billion, New Delhi: India on Thursday announced support for a mega infrastructure project for its Southern neighbour Maldives pre-empting any Chinese move to woo Maldives taking advantage of a pandemic that has impacted its economy. The Greater Malé Connectivity Project (GMCP) will get a financial package consisting of a grant of $ 100 million and a new Line of Credit of $ 400 million from New Delhi. Besides this mega project, Delhi also announced the launch of cargo… Read More »India – Maldives Bilateral Relationship