Business Registration Act Maldives

Ministry of economic development. The apex legislation governing registration of businesses in the maldives is the business registration act. It is the first port of call for all foreigners keen on investing in the maldives.

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L i t u 5b h bbd b 5 kbm 7 e a k n x d prior to this amendment the business registration act restricted foreign enterprises from carrying on with certain types of businesses in the maldives.

Business registration act maldives. The amendment will enable the registration of businesses operating through different mediums and mandate foreign businesses and investments to register their business in the maldives. Boduthakurufaanu magu male 20125. The parliament passed the amendment bill at the 72nd sitting of its third session held on wednesday 27th november 2019 according to a press release by the president s office the amendment will enable the registration of businesses operating through.

In addition to the registration of your business with med the company or partnership must also register with mira under the taa. Business registration act maldives. Upon ratification the bill has been published in the government s gazette and will come into effect within 30 days from today.

7 november 2020 uncategorized. Business registration form business name registration form g002 tax payer consent g004 close map. 18 2014 consumer protection law dhivehi law governing copyrights and other relevant rights dhivehi law governing documents which can be exchanged for currency dhivehi law governing exports and imports 10th amendment.

Foreigners doing business in the maldives the business registration act requires foreign individuals intending to conduct any business activity in the maldives to register either a company or a partnership with the med. This is the law governing the formation registration and management of companies in the republic of maldives. Ministry of economic development med maldives stalls in carnival night market fun fares workshops factories vehicle garages carpentries and tailor shop business registation act law no.

This law shall be cited as the the companies act of the republic of maldives 2. There are many advantages of starting a business in maldives as a foreign investor. H mk 0ǿ di6 ݠ틶 z rcb ݺo.

Companies act of the maldives companies regulation foreign investment act. Prior to this amendment the business registration act restricted foreign enterprises from carrying on with certain types of businesses in the maldives. Business profit tax act dhivehi business registation act law no.