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 […]
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On 20th February 2023, the government published the Regulation Relating to the Loading and Carriage of Goods for Seagoing Vessels (Regulation No: 2023/R-71) in the Government Gazette. The regulation establishes minimum requirements for loading, unloading, storage, carriage and safety of cargo on ships. The regulation comes into force on 20th May 2023, and applies to […]
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The Importance of Corporate Governance: Ensuring Transparency, Accountability, and Ethical Behavior Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It is concerned with how a company is managed and how the interests of stakeholders, including shareholders, employees, customers, suppliers, and the wider community, are […]
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As the Maldives continues to grow in popularity as a tourism destination, the Ministry of Tourism has announced new islands for tourism lease. This announcement provides investors with the opportunity to develop and operate resorts in these pristine locations, but it also comes with legal considerations that must be taken into account. At Apex Law […]
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Investing in the Maldives: Opportunities and Considerations The Maldives is a small island nation in the Indian Ocean, known for its stunning beaches, crystal-clear waters, and luxurious resorts. But beyond its reputation as a tourist destination, the Maldives offers many opportunities for investors looking to expand their portfolio and tap into the country’s growing economy. […]
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Commercial leasing agreements are an essential part of any business operation. However, they can also be a source of legal issues if not properly drafted and negotiated. At Apex Law LLP, we specialize in commercial leasing agreements and have assisted clients in navigating the common legal issues that arise in these types of agreements. One […]
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Industrial law, also known as labor law, is a set of legal rules and regulations that govern the relationship between employers and employees. In Maldives, industrial law is governed by the Employment Act of 2008, which outlines the rights and responsibilities of both employers and employees. Overview of Industrial Law in Maldives The Employment Act […]
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Business law is a complex area that encompasses a wide range of legal issues that can affect a company’s success. Whether you are starting a new business, managing an existing one, or planning to grow your operations, it is important to have a good understanding of the laws that apply to your industry. In this […]
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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 […]
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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, […]
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