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
1900 USD 3800 USD 5650 USD 13600 USD
Provision of a legal address for 1 (one) year
1000 USD 1000 USD 1000 USD 1000 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 30 November,
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