Changes in the Requirements of Directors Report by Economic Ministry

The Ministry of Economic Development on 5 June 2017 published a guideline that sets out the requisite information to be included in the Directors...

Small Businesses required to submit GST return online

The Maldives Inland Revenue Authority has published a ruling on 5 June 2017 which makes it mandatory for certain businesses to submit their General...

CMDA Issues Custodian License to Bank of Mauritius

Capital Market Development Authority (CMDA) has issued a license to provide custodial services to Mauritius Commercial Bank Maldives Private Limited (MCB) today. The license was...

384 Dormant Accounts at Bank of Ceylon Announced, Funds to be transferred to MMA...

Bank of Ceylon has identified and announced 384 accounts which have had no activity for the past 5 years, to be closed and all...

Economic Ministry Winding Up over 6000 Companies

The Ministry of Economic Development has released a list of 6349 companies for winding up, for neglecting to pay the annual fees before the...

Tourism Ministry Terminates 116 Travel Agency Permits

Ministry of Tourism has terminated the permits of 116 different travel agencies due to failure to submit their 2016 annual report. The Ministry released an...

Scheduled Times Announced for Delivery of Water and Gas

Transport Authority of Maldives has announced specified times during the day to deliver water, gas and other goods of the same type, effective from...

Tourism Ministry Reinforces Mandate for Monthly Statistics Submissions

The Ministry of Tourism has released a circular announcing that Guesthouses and Safari Operators who fail to submit monthly statistics reports will be penalized...

BPT Return Exemption for Individuals and Deemed Partnerships

The Maldives Inland Revenue Authority has amended the Business Profit Tax Regulation exempting registered individuals and deemed partnerships who fulfill certain conditions from submitting...

Micro Businesses Not Required to Submit Auditor’s Report

The Maldives Inland Revenue Authority has brought an amendment to the Business Profit Tax Regulation exempting micro businesses from submitting an auditor’s report with...
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Trans Maldivian Airways wins World’s Leading Seaplane Operator 2017

Trans Maldivian Airways (TMA) was named the World’s Leading Seaplane Operator 2017 at the World Travel Awards 2017. The World’s Largest Seaplane Operator won...

Capella to open Inaugural Maldives Property at Rahfalhu Huraa

Capella Hotel Group is set to enter Maldives Market with the planned opening of Capella Maldives resort. Located in the North Malé Atoll, the 65-key...

Maldivian Travel Agencies granted permission to operate in China

Corresponding with the China-Maldives free trade agreement, Maldivian travel agencies will be able to set up business in China and sell tour packages to...