Effective 3 December 2024, the Maldives commenced the implementation of the Foreign Investment Act (Law No: 11/2024), marking the repeal of the long-standing Foreign Investment Act of 1979. Ratified earlier on 3 September 2024, the new law establishes a modern and comprehensive framework designed to both attract and regulate foreign investment. With streamlined procedures and […]
Read More
Access to justice is a fundamental pillar of any democratic society, ensuring fairness, equality, and the rule of law. Unfortunately, the Maldives faces significant challenges in its justice system, hindering its ability to deliver justice effectively. In this article, we will shed light on the main issues faced by the justice system in the Maldives […]
Read More
The Maldives introduced a new Civil Procedure Code on June 16th, 2022, with the aim of bringing more efficiency to the country’s legal system and speeding up the resolution of cases. The introduction of the new code was expected to bring improvements to the legal system, but according to some lawyers, it cannot be said that the […]
Read More
The Maldives government has gazetted a new regulation that permit resort developers to extend the designated boundary of their resorts from 500 to 1000 meters. The boundary extension fee for an additional 500 meters is set at $100,000. On March 14, 2023, the Ministry of Tourism launched the new Resort Boundary Regulations, officially known as […]
Read More
On November 16th, the Maldives Government passed a bill proposed by the government to increase the GST tax rate for both the tourism sector and the general sector. Starting from the new year of 2023, taxpayers will be charged higher GST and TGST in the Maldives. On November 22nd, the President ratified the Goods and […]
Read More
On 21 September 2022, the Maldives government gazetted the Seventh Amendment to the Employment Act (Law No 15/2022), which removed the obligation on employers to pay minimum wage to expatriate employees in accordance with the Minimum Wage Order until a compliance date is announced by the Minister of Economic Development. The establishment of the minimum […]
Read More
Personal Injury Claims in Maldives: What You Need to Know Personal injury claims can arise in various situations, such as car accidents, slip and fall accidents, medical malpractice, and workplace accidents. If you have suffered a personal injury in Maldives, you may be entitled to compensation for your damages. In this blog, we will explore […]
Read More
Demurrage is a common term in the shipping industry, and it refers to the charges imposed on shippers or consignees for the delay in returning cargo containers to the shipping line beyond the agreed-upon free days. Demurrage charges can be significant, and it is essential to understand who is responsible for paying them, how they […]
Read More
The President ratified the Civil Procedure Code (Act No: 32/2021) on 16th December 2021. This is a significant development in the legal landscape of the country, as it encompasses the rules governing civil litigation. The Code covers various aspects of the civil litigation process, including pre-trial procedures, proceedings at trial, general rules of evidence applicable […]
Read More
Trademark Registration in Maldives Trademark registration is an important process for any business looking to protect its brand identity and distinguish itself from competitors. In the Maldives, official trademark registration is only possible for companies that are registered in the country, and the process is overseen by the Ministry of Economic Development. In this article, […]
Read More