Maldives Business Registration

Company Registration

A foreign investor seeking to invest in the Maldives shall initially submit a Foreign Investment Application and subject to obtaining an approval for the business, company incorporation documentation can be filed.

Below are the compliance requirements for incorporation of a limited liability company in the Maldives.

Foreign Investment Application

  • Foreign Investors are required to submit a Foreign Investment Application and obtain approval to incorporate a company in the Maldives. 
  • On receipt of approval to incorporate a company in the Maldives, the applicant may submit company incorporation application and required documents. 

Proposed Name

  • The Company is required to indicate a proposed name for the Maldives entity.
  • The name will end with “Private Limited” abbreviated as "Pvt. Ltd." 
  • The proposed name should not be identical to the name of an existing company in Maldives.

Share Capital

  • The Company is required to have a minimum share capital of MVR 2000.00 registered at the time of incorporation.

Currency of Share Capital

  • The currency of the share capital can be in local currency MVR or USD.

Shareholders

  • The Company is required to have at least two shareholders.
  • The shareholders can be individuals or corporations.

Director Requirements

  • The Company is required to have at least two individuals as directors and at least one director shall be ordinarily resident in the Maldives.
  • The resident director can be either a Maldivian Citizen, or after the incorporation, an individual holding a valid employment work permit visa can act as its resident director.

Company Secretary 

  • Every company shall have a company secretary who shall be a Maldivian Citizen.

Registered Office

  • The Company is required to have a registered office in Maldives to which all communications and notices may be addressed.

Principal Activity

The company’s intended business activity is required and shall correspond with the approved business activity issued pursuant to the Foreign Investment Application.