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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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 […]
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Understanding the Difference between Criminal and Civil Offences: Can a Criminal Punishment be Given for a Civil Offence? The legal system is divided into two major categories: criminal law and civil law. While criminal law is concerned with offenses against society, civil law deals with disputes between individuals or entities. It’s essential to understand the […]
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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 […]
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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 […]
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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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