Why Invest in Maldives

Over the last two decades, the economy in Maldives has developed steadily despite the shocks the world has faced. An economic vision based on pro-market policies leads to an environment that is strong, liberal, and transparent. The government has implemented several policies for foreign investors that help build a strong and stable economy.

Impressive Economic Performance

Maldives has experienced rapid building and connectivity development along with robust economic growth. The five years previous to the Covid-19 pandemic saw the economy expand at an average annual rate of 6.4 percent. The yearly GDP reached US$ 5.6 billion in 2019, equaling US$ 10,541 per person.

Liberal Pro-Business Policies

Pro-market policies woven into the government’s economic vision help to create a strong, liberal, and transparent trading and commercial environment. In its efforts to build a strong and stable economy, the government has enacted several policies that provide appealing opportunities and incentives to foreign investors.

Economic Diversification

The Maldives is dedicated to further expanding its economy by promoting investment in niche industries like building, agriculture, transportation, energy, and finance. There are substantial economic opportunities in the Maldives because of the country’s unique advantages. In order to fully utilize the economic benefits provided by the country’s location, beauty, infrastructure, and human capital, there is a tremendous opportunity to invest in new technologies and innovative solutions across a range of economic sectors.

An Educated Tech-Savvy Workforce

There are 568,000 permanent residents in the nation currently, and 32% of them are foreigners who live and work there. Since the late 1990s, the adult literacy percentage in the Maldives has remained above 98%. In 2002, universal basic education was accomplished with negligible gender inequality. With 63% of the population and 60% of households using the internet in 2019, the Maldives has the highest mobile Internet usage in South Asia. This young, tech-savvy populace is open to new challenges and technologies.

Ease of Doing Business

The convenience of doing business in the nation has advanced significantly. With the aim of providing clarity, security, ease, and speed for investors considering investing in the Maldives, laws, and regulations have been changed to simplify the formalities and processes for registration and operations of foreign investments.

Why Invest in Maldives