The Maldivian government plans to establish a legal framework this year to protect and promote small businesses across the country, Minister of Economic Development and Trade Mohamed Saeed announced on Sunday. The initiative aims to provide legal recognition and safeguards for local entrepreneurs while creating an enabling environment for business growth.
The announcement was made at the launch of “Dhiveheenge Ufehdhuntherikamuge Mauraz,” Maldives Expo 2025, a nationwide event designed to boost productivity and drive economic growth. Scheduled to take place from May 23 to 31, the expo will serve as a platform for showcasing international innovations, business investments, and industry developments, providing inspiration for local manufacturers and entrepreneurs.
Legal Protection for Local Products and Brands
A key aspect of the government’s plan is the introduction of trademark and brand protection laws to safeguard local products, inventions, and businesses. This initiative is expected to provide greater security for entrepreneurs, allowing them to develop and expand their businesses without the risk of intellectual property infringement. Additionally, the framework will include measures to support online businesses, addressing challenges that have previously limited their growth.
Opportunities for Small Businesses
With a renewed focus on fostering innovation and entrepreneurship, the government aims to make 2025 a year of opportunity for small businesses. The new policies are expected to increase market access, provide legal certainty, and create a more structured business environment for emerging enterprises.
The Business Centre Corporation (BCC), operating under the Ministry of Economic Development and Trade, will lead the Maldives Expo 2025. The event will serve as a platform for artists, businesses, and innovators, encouraging collaboration and skill development. The expo is set to facilitate new partnerships and investment opportunities, further strengthening the role of small businesses in the country’s economic landscape.
