Tag: Maldives Law Firm

Apex Law LLP > Blog > Maldives Law Firm
29Apr2025

Maldives Implements Fifteenth Amendment to the Tourism Act: Key Changes Shaping the Future of Resort Development

Effective from 19 March 2025, the Fifteenth Amendment to the Tourism Act (Law No. 2/2025) brought significant reforms to the legal framework guiding tourism development in the Maldives. The amendment introduces key updates across several critical areas, including the allocation of land and lagoons, lease extension policies, redevelopment approvals, advertising regulations, and the establishment of […]

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25Jan2025

Maldives Implements New Foreign Investment Act to Modernise Investment Framework

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 […]

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29Dec2024

Maldives Strengthens Copyright Protection with First Amendment to the Copyright and Related Rights Act

In a key step toward enhancing intellectual property rights in the Maldives, President Dr Mohamed Muizzu has ratified the First Amendment to the Copyright and Related Rights Act. The amendment was passed by the Parliament during its 56th sitting of the 20th Majlis on December 2, 2024, and has since been published in the Government […]

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28Jan2024

Maldives Enacts New Companies Act to Modernize Corporate Governance Framework

On 27 December 2023, President Dr Mohamed Muizzu ratified the Companies Act 2023 (Law No: 07/2023), ushering in a new era of corporate regulation in the Maldives. The Act officially came into force on 1 January 2024, repealing the long-standing Companies Act of 1996, which had governed company operations in the country since its implementation […]

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12Mar2023

New Cargo Vessel Regulation Imposes Strict Rules on Loading and Carriage of Goods at Sea

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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14Dec2022

Common legal issues in commercial leasing agreements

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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10Nov2022

Understanding Industrial Law in Maldives

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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10Oct2022

Bussiness Law 10 Common Questions

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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06Sep2022

Amendment to Employment Act Removes Minimum Wage Obligation for Expatriate Employees

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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29May2022

Understanding the Strata Properties Act 2021: A New Framework for Multi-Unit Property Ownership in the Maldives

The enactment of the Strata Properties Act 2021 marks a significant shift in property ownership and real estate development in the Maldives, introducing a legal structure for strata properties — multi-level complexes comprising separately owned residential or commercial units with shared common areas. This modern legal framework paves the way for organized vertical living and […]

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