The Ministry of Economic Development and Trade has announced that companies listed as inactive in October 2024 now have the opportunity to reactivate their registration.
According to the Ministry, applications for reactivation must be submitted by 14:00 on 30 December 2025. The process must be completed through the business portal under the General Service Request titled “Reactivation request: Companies winding up under S.246.”
Companies seeking reactivation are required to provide several documents, including a Maldives Inland Revenue Authority (MIRA) receipt showing payment of outstanding annual fees and fines up to 31 December 2023, proof of payment for fines incurred for failure to submit annual accounts and reports, as well as their annual accounts, Directors’ report, Auditors’ report, and a board resolution to reactivate the company.
The Ministry stated that companies fulfilling these requirements will be recorded as active within 15 days of completing the reactivation procedures.
The initiative offers businesses that were previously struck off the chance to restore their operations, provided they meet the outlined conditions before the deadline.
