http://honoraryconsulmaldivesmumbai.com/wp-content/uploads/2022/09/20220804_165055.mp4 President of Maldives H.E Ibrahim Mohammed Solih makes a trip to Dadasaheb Phalke Chitranagari Maldives offers Bollywood one of its islands for filmmaking Honorary Consul for the Republic of Maldives Mr. Bobby Mohanty sharing stage with the President of  the Maldives at the event in goregaon film city. 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… Read More »Bollywood & Maldives Culture

Odia entrepreneur and technocrat Bobby Mohanty has been appointed as the Honorary Consul of the Republic of Maldives in Mumbai. The appointment has been recognised by the President of India Ram Nath Kovind and his tenure will continue till November 14, 2023. An alumnus of IIT (ISM) Dhanbad, Mohanty has a master’s degree in science and technology. He has been the chairman-promoter of four companies in the field of consulting, trading and marketing in heavy engineering equipment, spares and services. He is also an investor in start-ups and cutting-edge technologies in India, Indonesia and Singapore.… Read More »Mr. Bobby Mohanty, Honorary Consul of the Republic of Maldives

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 The Business Profit Tax regime imposed under the Business Profit Tax Act would be repealed with the commencement of Income Tax.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/