2022 Guide on Maldives Employment Law

Guide on Tourist Resort Investments in the Maldives 2022

Available 19 islands for tourism investment

The Ministry of Economic Development (MED) has on 8 November 2021 published an Order on Minimum Wage (Directive).

Key information on the 18 available islands with a range of USD 200,000 to USD 1,500,000 set as rates for the minimum lease acquisition cost (MLAC) of different properties.

Resort Investment Opportunities

The Ministry of Tourism (MoT) has announced today investment opportunities for foreign and local investors interested in developing and operating tourist resorts in the Maldives. MoT has published an Invitation for Bids (IFB) including a list of 18 available islands.

Guide on Resort Investments

Read our 2021 Guide on Tourist Resort Investments in the Maldives for an overview of the regulatory framework and practices on resort development and operation for those interested in investing in the Maldives tourism landscape.

With the Maldives obtaining political independence from the British in 1965, the country has worked tirelessly towards economic development, establishing foreign relations, welcoming globalization, and introducing privatization. Given that the Maldives has a unique geographical location lying southwest of Sri Lankan and India has proven to be a strategic and favorable site for ease of international trade and foreign investments, the country has seen a large influx in foreign direct investments (FDI’s) especially with the introduction of tourism in the 1970’s.

Since the 1970’s the Maldives economic landscape has welcomed foreign investments to the country. The primary legislation for governing foreign investments to the Maldives is the ‘Law on Foreign Investments in the Republic of Maldives’ (FI Act). This law came into effect in 1979 with the purpose of mainly governing foreign direct investments (FDI’s) in the newly introduced tourism sector. The Act requires all foreign investments to be registered and a foreign investment agreement to be signed with the sector relevant government authority.