Company Formation in Maldives

Company formation & entity choice for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Maldives · tax year 2025 · changed 25 Jun 2026

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Key figures: Maldives, 2025

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Companies Act 2023 overview

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.Companies Act 2023 (Law No. 7/2023)

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) — https://rcolawyers.com/wp-content/uploads/2024/06/Guide-on-Maldives-Companies-Act-2023.pdf

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) — https://sandalawyers.com/insights/companies-act-private-limited-companies

Minimum directors (private company)

1Companies Act 2023 (Law No. 7/2023)

Minimum share capital (private company)

No prescribed statutory minimum; a private company may register with a single share ((approx — confirm current Registrar fee schedule))Companies Act 2023 (Law No. 7/2023) — https://rcolawyers.com/guide-on-the-maldives-companies-act-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) — https://business.egov.mv/

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Entity types and incorporation

Companies Act 2023 overview — 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. (Companies Act 2023 (Law No. 7/2023))
Private limited company — Most common entity; name must end with "Private Limited" or "Pvt Ltd"; may have a single shareholder and a single director (Companies Act 2023 (Law No. 7/2023) — https://rcolawyers.com/wp-content/uploads/2024/06/Guide-on-Maldives-Companies-Act-2023.pdf)
Public company — Company permitted to offer shares to the public; subject to higher governance and disclosure requirements (Companies Act 2023 (Law No. 7/2023))
Other business forms — Sole proprietorship, partnership, and cooperative society are available under their respective laws (Sole Proprietorship Act / Partnership Act / Co-operative Societies Act)
Minimum shareholders (private company) — 1 (Companies Act 2023 (Law No. 7/2023) — https://sandalawyers.com/insights/companies-act-private-limited-companies)
Minimum directors (private company) — 1 (Companies Act 2023 (Law No. 7/2023))
Minimum share capital (private company) — No prescribed statutory minimum; a private company may register with a single share ((approx — confirm current Registrar fee schedule)) (Companies Act 2023 (Law No. 7/2023) — https://rcolawyers.com/guide-on-the-maldives-companies-act-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) — https://business.egov.mv/)
Core incorporation steps — Reserve company name, submit memorandum & articles of association with shareholder/director details to the Registrar, pay registration fee, obtain Certificate of Registration (Companies 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 tourism (Tax Administration Act (Law No. 3/2010) — https://lookuptax.com/docs/tax-identification-number/maldives-tax-id-guide)
Annual board meeting requirement (private company) — At least 4 board meetings per year (Companies Act 2023 (Law No. 7/2023) — https://www.crowe.com/mv/insights/key-amendments-of-the-companies-bill)
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 MIRA (Companies Act 2023 (Law No. 7/2023))
Foreign investment — Foreign-owned companies require registration under the Foreign Investment framework administered by the Ministry / Invest Maldives ((approx — confirm current foreign investment regulation)) (Foreign Investment Law / Companies Act 2023 (Law No. 7/2023))

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Entity types and incorporation

Companies Act 2023 overview — 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. (Companies Act 2023 (Law No. 7/2023))

Private limited company — Most common entity; name must end with "Private Limited" or "Pvt Ltd"; may have a single shareholder and a single director (Companies Act 2023 (Law No. 7/2023) — https://rcolawyers.com/wp-content/uploads/2024/06/Guide-on-Maldives-Companies-Act-2023.pdf)

Public company — Company permitted to offer shares to the public; subject to higher governance and disclosure requirements (Companies Act 2023 (Law No. 7/2023))

Other business forms — Sole proprietorship, partnership, and cooperative society are available under their respective laws (Sole Proprietorship Act / Partnership Act / Co-operative Societies Act)

Minimum shareholders (private company) — 1 (Companies Act 2023 (Law No. 7/2023) — https://sandalawyers.com/insights/companies-act-private-limited-companies)

Minimum directors (private company) — 1 (Companies Act 2023 (Law No. 7/2023))

Minimum share capital (private company) — No prescribed statutory minimum; a private company may register with a single share ((approx — confirm current Registrar fee schedule)) (Companies Act 2023 (Law No. 7/2023) — https://rcolawyers.com/guide-on-the-maldives-companies-act-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) — https://business.egov.mv/)

Core incorporation steps — Reserve company name, submit memorandum & articles of association with shareholder/director details to the Registrar, pay registration fee, obtain Certificate of Registration (Companies 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 tourism (Tax Administration Act (Law No. 3/2010) — https://lookuptax.com/docs/tax-identification-number/maldives-tax-id-guide)

Annual board meeting requirement (private company) — At least 4 board meetings per year (Companies Act 2023 (Law No. 7/2023) — https://www.crowe.com/mv/insights/key-amendments-of-the-companies-bill)

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 MIRA (Companies Act 2023 (Law No. 7/2023))

Foreign investment — Foreign-owned companies require registration under the Foreign Investment framework administered by the Ministry / Invest Maldives ((approx — confirm current foreign investment regulation)) (Foreign Investment Law / Companies Act 2023 (Law No. 7/2023))