Registration of a Company in the Maldives

Name of service Bronze Silver Gold Platinum
Company name verification and reservation in MIRA Verifying the availability and reserving of your preferred company name in the registry
Company registration including government fees (Private company) Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
A set of statutory documents of the company in electronic form Preparation of a comprehensive package of incorporation documents for any form of company ownership in electronic form (Memorandum of Association (MOA)
Company seal Production of the company seal
Assistance in opening a corporate bank account in the payment system Collection, processing and filing of the documents required for opening a corporate account with a payment system, including consultation of appropriate jurisdiction
Assistance in opening a corporate bank account in local bank: Bank of Maldives, HSBC Maldives Collecting, processing and filing the necessary documents for opening a corporate account with a local bank
Local director for one (1) year Provision of a Maldives resident director to open account with a local bank
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
2900 USD 4800 USD 6650 USD 13600 USD
Provision of a legal address for 1 (one) year
1500 USD 1500 USD 1500 USD 1500 USD
Remote company registration with transfer of authority
900 USD 900 USD 900 USD 900 USD
Accounting services
280 USD 280 USD 280 USD 280 USD

Deal of the month

If you will register a company until July 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

This jurisdiction is located in the Indian Ocean and is famous for its beautiful landscapes and tourism industry. It also has well-developed telecommunication, banking, and accounting sectors of the economy. But, this country also creates favorable conditions for foreign investors in other sectors. If you are considering this jurisdiction as a possible option for setting up your business in Male or any other city in the Maldives, the next opportunities may become available to you.

Advantages of the Jurisdiction

If you wish to buy a company in the Maldives or establish a new one, the following advantages may become available to you:

  • 100% foreign ownership is allowed
  • easy and straightforward process of company registration
  • zero restrictions on transferring earned profits to countries of residence of foreign investors
  • high level of assets and investment protection
  • developed infrastructure.

Major Forms of Legal and Business Presence

If you wish to incorporate a company in the Maldives, these are basic options for realizing this intent:

  • Private Limited Company – an option for doing business where certain restrictions to the transfers of shares shall be applied (those are indicated in the entity’s statutory documents). The liability of shareholders, in this case, is limited to the amounts contributed to the entity. It should have from 2 to 50 shareholders and a minimal amount of chartered capital of MVR 2,000.
  • Public Limited Company – an opportunity for doing business involving external financing. This body corporate may offer its shares for subscription and it allows their next transfers without restrictions. It can be established by 10 persons at least without limitations to the maximum number of shareholders. The minimal amount of statutory capital of MVR 1,000,000 is required in this case.

Registration Requirements and Steps

If you intend to open a company in the Maldives, passing these registration steps may be preliminary necessary:

  1. Listing business priorities you wish to realize through a local enterprise.
  2. Selecting and checking a corporate business name for a future company.
  3. Collecting details about the company's founders, beneficiaries, and officials.
  4. Arranging a registered business address for an enterprise.
  5. Drafting and formalizing statutory and registration documents.
  6. Submitting the package of required documents for the state registration.
  7. Registration for tax and social security purposes.
  8. Opening a corporate bank account.
  9. Obtaining additional licenses and business permits that may be required for certain regulated activities.

Legal and Regulatory Framework

In the jurisdiction, foreign investors may expect to operate in a transparent political and economic environment. The local government ensures favorable conditions for starting a business by foreigners by providing different incentives, creating free zones, and simplifying the procedures of establishing and maintaining business in this country. A mother company can reserve control over all actions of a subsidiary company established in the Maldives.

The Foreign Investment Act and the Companies Act are major laws related to the area of doing business in the Maldives. The Ministry of Economic Development is the major state authority foreign investors may deal with while entering and doing business in this jurisdiction.

Tax System of Maldives

An opportunity of establishing a company in the Maldives should be assessed along with the following tax highlights:

  • Corporate income tax (CIT) rate – 15%
  • Personal income tax (PIT) rate – 15%
  • Goods and services tax rate – 6%
  • Withholding tax rates (for non-residents) – (i) dividends – 10% (ii) interests – 10% (iii) royalties – 10%
  • Capital gains tax rates – (i) corporate – subject to the basic CIT rate (ii) personal – subject to the basic PIT rate

How Prifinance Lawyers May Assist You

If you have decided to set up a company in the Maldives or a branch, Prifinance lawyers are ready to facilitate the successful realization of this business objective by developing a personalized business registration plan and supporting the next operation of a newly-formed entity. Lawyers who have successfully finished more than 11,000 projects associated with the registration of foreign companies are ready to apply this experience to maximize the benefits offered in the Maldives in your case too.


Our clients

Based on 56 reviews
powered by Google
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again