New Foreign Investment comes to force 45 years later

2 weeks ago

Foreign investment opportunities open under the newly effective Foreign Investment Act (Law No. 11/2024), ratified on September 3, 2024. The Act aims to create a conducive environment for foreign capital, technology, knowledge, and skill transfer through investments to increase foreign investment in the Maldives, and lay down stringent guidelines for the development of the country's economy. The Act stipulates provisions for identifying