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Corporate Maldives

Major Change to the GST registration requirements for the Tourism Sector

Major Change to the GST registration requirements for the Tourism Sector

1 min read

The Maldives Inland Revenue Authority has published Ruling G42 on 7 September 2017 which amends Section 11 of the Goods and Services Tax Regulation. The amended Section 11 requires persons who are already registered for Tourism GST to register for General GST if they have a taxable activity in that sector regardless of whether they […]

Revenue Generated from the Export of Fish Totaled to $10.5 Million in June Month

Revenue Generated from the Export of Fish Totaled to $10.5 Million in June Month

1 min read

Statistics published by Maldives Monetary Authority (MMA) have revealed that revenue generated from fish exports during June month totaled to $10.5 Million. The “Economic Review” by MMA, the Central Bank of Maldives stated that the quantity of fish exports also increased to 5.8 metric tons in June month, which is a massive increase compared to […]

‘Maldivian’ to Extend its Routes to Hangzhou City, China

‘Maldivian’ to Extend its Routes to Hangzhou City, China

1 min read

Maldivian, the national airline of Maldives has stated that they are extending their routes to Hangzhou city of China. Hangzhou is the capital of Zhejiang Province of China which is among one of the most popular vacation spots located in South-East China. This city is known for its beautiful landscapes and is one among the […]

Fushifaru Maldives Set to Open end of 2017

Fushifaru Maldives Set to Open end of 2017

3 min read

Fushifaru Investments Pvt. Ltd. is delighted to announce its inaugural resort, Fushifaru Maldives located on the far North East border of Faadhippolhu Atoll, more popularly known as Lhaviyani Atoll. The exquisite island of Fushifaru is home to an extraordinary landscape above and below the waterline. With ‘Fushi’ meaning ‘island’ and ‘Faru’ meaning ‘reef’ in the […]

UNDP , Dhiraagu and Enterprise Development Maldives announces  Startup Weekend by Techstars Global for young entrepreneurs.

UNDP , Dhiraagu and Enterprise Development Maldives announces Startup Weekend by Techstars Global for young entrepreneurs.

3 min read

Dhiraagu, UNDP and Enterprise Development (Ministry of Economic Development) announces Startup Weekend by Techstars Global, powered by Google for Entrepreneurs. The Startup Weekend will be held in October this year and purposed with inspiring and developing young entrepreneurs. The format is divided into two parts; the first includes networking, which involves team building and mentoring […]

The Price of Petrol and Diesel has Increased

The Price of Petrol and Diesel has Increased

1 min read

A statement published by State Trading Organization Plc (STO), the largest supplier of petrol and diesel in Maldives, indicated that they have increased the price of petrol and diesel due to the bumps on world market price of oil. The price of petrol was increased by 30 Laari per liter and diesel by 20 Laari per […]