Maldives Business Registration
Setting up a Representative Office
Representative offices are permitted to be opened in the
Maldives under certain industries.
Some benefits of setting up a representative office include:
- Brand
Presence: The office helps to establish a corporate presence and
enhance brand visibility in the region.
- Market
Exploration: It allows foreign companies to explore business
opportunities without committing to full-fledged operations.
- Cost-Effective:
Since representative offices do not engage in commercial activities, they
can be run with minimal overhead.
Prior to registration of a branch office, a Foreign
Investment Application shall be filed and an approval for the establishment
shall be obtained.
- Representative
Office License: Once foreign investment approval is granted, the next
step is to obtain a license to operate a representative office from the relevant Authority that regulates the business.
- Work
Permit/Resident Visa: If expatriates are involved, they will require
work permits and resident visas, which are managed by the Maldives
Immigration Department.