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A digest of news and opinion from the Maldives.

Corporate Resident Visas

No Special Privileges to be Granted with Corporate Resident Visa: Economic Ministry

No Special Privileges to be Granted with Corporate Resident Visa: Economic Ministry

By Maldives Times 2 min read

The Ministry of Economic Development has revealed that unlike the previous government, they will not be giving any special privileges with the Corporate Resident Visa. On Tuesday, the Ministry announced that the incumbent government will not be giving the “duty-free, tax-free, and fast track service” privileges that were issued by the previous government in 2015. […]

A Hasty Decision in Desperation? Maldives to Issue Corporate Resident Visas to Investors of Just $250,000

A Hasty Decision in Desperation? Maldives to Issue Corporate Resident Visas to Investors of Just $250,000

By Maldives Times 2 min read

On Sunday, the Parliament passed amendments to the Immigration Act to allow foreign investors to acquire resident visas. The report, prepared by the Parliamentary Committee on National Security and Foreign Relations, was approved with a majority vote of 52 members. No MPs voted against the report while three MPs abstained from voting. As per the […]