The rise of branded hotels in the Maldives is now common place. More and more hotels which started off or identified themselves as independent hotels are now converting to branded hotels. What are branded hotels and independent hotels? Independent hotels are those that are owned and operated by the owner. Branded hotels are those that …
Minister of Economic Development has today released for the first time a figure that may be decided as the nationwide minimum wage. It is MVR 6400 or US$ 415. He is reported to have said that a recommendation is received from ILO that a figure between MVR 6000 (US$ 389) and MVR 6500 (S$ 421) …
Ministry of Economic Development (MED) has published a new foreign direct investment (FDI) policy consolidating some existing practices and introducing some new guidelines. The policy takes effect on 11 February 2020. If you are a foreign investor already in the Maldives or a prospective investor considering investing in the Maldives, here’s what you need to …
In his state of the nation address to Parliament for 2020, President Ibrahim Mohamed Solih gave his first clear signal on 3 February that the Maldives Government would introduce minimum wage in the country this year. Amending Employment Law As a first step, a legislative proposal in the form of an amendment to the Employment …
An incoming investor who wants to acquire a tourism island from an existing owner may want to focus on a few factors to ensure a successful transfer of property. First, the incoming investor may want to determine if the acquisition is to happen by way of asset sale or stock sale. Asset sale will be …
Acquiring a Maldives Resort – 6 Factors to Consider Read More »
