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An Essential Guide to Incorporate a Company in Maldives

Why Should You Incorporate a Company in Maldives?

Maldives economy is growing at a faster rate due to its tourism. Many foreign investors are taking deep interest to incorporate a company in Maldives in sectors of banking, insurance, courier service, transportation, communication and construction, water sports, fishing game, spa operators and many more.

The total time taken to incorporate a company in Maldives is around 30 days, and the government is taking deep interest to attract foreigners to invest in Maldives.
Maldives GDP is continuously growing as it has become a popular destination for couples. Maldives is surrounded by water, and thus it offers excellent exposure to begin different kind of services which is useful both for the local citizen and tourist visiting this exotic location.

Register Company in Maldives

 

How to Start a Company in Maldives?

Maldives is one of the most prosperous countries where you can easily incorporate a company.

Following are the list of steps which will guide you to incorporate a company in Maldives:

  1. Select a unique company name and get the standard forms for the company set up. The Registrar of the company handles this form. Make sure that your company name has met all the standards laid down by Companies Act 1996 in Maldives. This process may take up to 1 day.
  2. The Registrar of companies will provide you with a memorandum of association along with Article of Association.
  3. Pay the business registration fee to the Ministry of Economic Development.
  4. Now, you need to apply for a unique tax identification number (TIN). This process may take up to 1 day.
  5. Make a company seal and register with the Registrar of the companies according to Companies Act 1996 in Maldives.
  6. You need sign an agreement form for getting approval for your business capital with Ministry of Economic Development. It is mandatory for one business shareholder to be involved in this process.
  7. The business registration fee is determined based on the capital amount invested for starting a business in Maldives

 

Register Company in Maldives

Documents List to Incorporate a Company in Maldives?

Following is a list of documents which is required to incorporate a company in Maldives:

  • Complete business registration application form.
  • Complete company name application form
  • Memorandum of Association
  • Article of Association
  • Acknowledgment letter from the director of the company
  • Acknowledgment letter from Company Secretary
  • Residential proof of address
  • Business registration fee
  • Revenue Stamp

Please contact us for more details.