MVR 6 Million Received as FDI Registry Fee Last Year; Highest in Last 8 Years!

In 2021, the state received the highest foreign direct investment (FDI) registry fee in the Maldives of the last eight years. This amounts to MVR 6 million.

Maldives Inland Revenue Authority (MIRA) revealed that MVR 6 million was received as fees from foreign investments registered in the Maldives last year. The fee for the previous year amounted to MVR 3 million.

FDI fees received over the last 8 years:

  • 2014: MVR 1.1 million
  • 2015: MVR 1.8 million
  • 2016: MVR 2.2 million
  • 2017: MVR 2.1 million
  • 2018: MVR 2 million
  • 2019: MVR 1.7 million
  • 2020: MVR 3 million
  • 2021: MVR 6 million
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A large number of foreign direct investments (FDIs) were registered last year. However, the Economic Ministry has not made the figures public yet. According to the Ministry, investments worth USD 294 million (MVR 4.5 billion) were made to the Maldives in 2020. A total of 38 investments were made in the Maldives this year.

This includes 11 investments made in the tourism sector and 27 investments made in other sectors.

USD 89 million was invested in the tourism sector last year, while USD 205 million has been invested in non-tourism sectors. In 2019, 33 investments were made in the tourism sector. While 45 investments were made in other sectors, the total number of foreign direct investments that were made in the Maldives that year amounted to 78.

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