A digest of news and opinion from the Maldives.
An MoU has been signed yesterday between the Ministry of Economic Development and the Ministry of Youth, Sports & Community Development, to form a joint committee for youth economic empowerment. It aims to undertake tasks in line with the Strategic Action Plan (SAP) of the current administration with regards to youth-related economic issues. The MoU […]
The Economic Ministry has brought changes to the issuance of work quota for foreign expatriates. According to the change, instead of submitting a document stating the site at which the person will be working at, a worksite declaration form notarized by a public notary will be required. The Ministry stated that the form can be […]
Ministry of Economic Development (MED) has simplified the process of registering a foreign investment company in the tourism sector. Previously, if a foreign investor sought to register a company in the Maldives in order to own or operate a tourism property (whether an island, land or lagoon), the investor was required to show evidence of […]
Ministry of Economic Development (MED) under its Enterprise Development initiative has been organising a set of Regional SME Finance Forum throughout Maldives. The 3rd Regional SME Finance Forum held for the businesses of Haa Dhaalu Atoll commenced on 25 November in Kulhudhuffushi. The forum was attended by 150 participants from all the islands of Haa […]