Source-cited draft: company formation & entity choice for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
General reference only
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Source-cited draft. This skill is source-cited but has not been reviewed by a licensed practitioner. It may be incomplete, outdated, or wrong.
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| Entity types and incorporation | Companies are formed under the Companies Act 2023 (effective 1 January 2024), administered by the Registrar of Companies at the Ministry of Economic Development and Trade. The Act modernised registration, allows single-shareholder/single-director private companies, and replaced the old annual fee with regulatory service fees. | |
| Private limited company | Most common entity; name must end with "Private Limited" or "Pvt Ltd"; may have a single shareholder and a single directorCompanies Act 2023 (Law No. 7/2023) | |
| Public company | Company permitted to offer shares to the public; subject to higher governance and disclosure requirementsCompanies Act 2023 (Law No. 7/2023) | |
| Other business forms | Sole proprietorship, partnership, and cooperative society are available under their respective lawsSole Proprietorship Act / Partnership Act / Co-operative Societies Act | |
| Minimum shareholders (private company) | 1Companies Act 2023 (Law No. 7/2023) | |
| Minimum directors (private company) | 1Companies Act 2023 (Law No. 7/2023) | |
| Minimum share capital (private company) |
Companies are formed under the Companies Act 2023 (effective 1 January 2024), administered by the Registrar of Companies at the Ministry of Economic Development and Trade. The Act modernised registration, allows single-shareholder/single-director private companies, and replaced the old annual fee with regulatory service fees.
Other Maldives computations in the OpenAccountants library.
| No prescribed statutory minimum; a private company may register with a single shareCompanies Act 2023 (Law No. 7/2023) |
| Registering authority | Registrar of Companies, Ministry of Economic Development and Trade (via the business eGov / Tradenet portal)Companies Act 2023 (Law No. 7/2023) |
| Core incorporation steps | Reserve company name, submit memorandum & articles of association with shareholder/director details to the Registrar, pay registration fee, obtain Certificate of RegistrationCompanies Act 2023 (Law No. 7/2023) |
| Post-incorporation tax registration | Register with MIRA for a Taxpayer Identification Number (TIN); GST registration required if thresholds met or operating in tourismTax Administration Act (Law No. 3/2010) |
| Annual board meeting requirement (private company) | At least 4 board meetings per yearCompanies Act 2023 (Law No. 7/2023) |
| Core annual compliance | Annual general meeting and annual return to the Registrar, maintenance of statutory registers, regulatory service fee, and annual income tax/GST filings with MIRACompanies Act 2023 (Law No. 7/2023) |
| Foreign investment | Foreign-owned companies require registration under the Foreign Investment framework administered by the Ministry / Invest MaldivesForeign Investment Law / Companies Act 2023 (Law No. 7/2023) |
Rendered from the facts database. General reference only — confirm with a qualified professional before acting.
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