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...

New ruling by MIRA changes complimentary services rule

The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G42) on 9 October 2017 which amends Section 54 of the Goods and...

MED outsources Business Registration Services

The Ministry of Economic Development has partnered with 9 private sector parties, to outsource several services it offers to businesses; including registration of companies,...

CTL Strategies starts publishing “Tax Alert”

Leading tax advisory firm, CTL Strategies has started a new publication called ‘Tax Alert’. This is part of their ongoing effort to keep public...

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...

MIRA to introduce Advance Pricing Agreements

The Maldives Inland Revenue Authority (MIRA) has announced that Advance Pricing Agreements (APAs) between taxpayers and MIRA will be introduced this year. This announcement...

Maldives becoming a hub for Islamic Banking & Halal industry in South Asian region

Mostly people know about Maldives as an idyllic tropical island holiday destination, but little is known about the fact that the country is making...

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...

Remittance tax on expatriates to be introduced

The President, on Thursday has ratified a bill that imposes a remittance tax of 3% on the money transferred abroad by expatriate workers, effective...

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...
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13 Things You Should Give Up If You Want To Be Successful

Founder of Zero to Skill, Mr Zdravko Cvijetic believes that to become successful and be the person you can be, you need to give up...

SSS Insurance Services assigned as official motor insurance partner for Kulee Bike

Kulee Bike has signed a MoU with SSS Insurance Services as official motor insurance partners. The signing took place in a ceremony held at...

Sun Online signs as media partner for Maldives Living Expo 2018

Sun Online signs as the media partner for the 6th edition of Maldives Living Expo, which is organized by HighRise. Living Expo 2018 is to...