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Investment Opportunities for the development of Tourism in the Maldives

Investment Opportunities for the development of Tourism in ... Image 1

 

06 October 2022

Since the establishment of the tourism industry in 1972 with a unique “one island, one resort” concept, the tourism industry in Maldives has evolved and has become a well-established luxurious holiday destination in the world and is now celebrating 50 years or the “Golden Jubilee” of Tourism in the year 2022.

 

The Maldives is an attractive investment destination:

  • With an internationally reputed tourism industry and rich marine biodiversity.
  • At a Strategic geographical location at the heart of the Indian Ocean, at the historical crossroads between East and West.
  • With an extensive air transport network with 4 international airports, 12 domestic airports, and ready accessibility to all islands via the world’s largest sea-plane operation, and a developing marine transport system.
  • Committed to environmental preservation and green methods of development.
  • With a dynamic, educated and youthful workforce, a ready catapult for economic development.
  • Supported by bureaucracy-free regulatory and legal frameworks, one of the most streamlined in the region.
  • Having a clear and transparent policy focus with lawmakers backing the government.

 

Incentives for foreign investors in the Tourism Sector of Maldives: 

  • Right to 100% foreign ownership.
  • Legally backed investment guarantee.
  • Provision for overseas arbitration of disputes.
  • Long term contractual agreements and long-term lease of land.
  • Freedom to use foreign managerial, technical and unskilled workers.
  • No foreign exchange restrictions.
  • No restrictions on the repatriations of earnings or profits.
  • Development Duty Concessions.
  • Tax incentives.

 

NEW AREAS FOR INVESTMENT

The Government has plans for developments of new tourism concepts:

  • Integrated Tourist Resorts
  • Private Islands
  • Real estate development projects
  • Strata Lease Projects

 

For more information 

Projects