The Minister of Health Abdulla Ameen states the Government intends to delay reopening of guesthouses in the Maldives to September 2020. In response to this decision, Guesthouse Association of Maldives (GAM) and several guesthouse owners has expressed concern over incurring possible losses for cancellation of bookings which have already been made after the initial reopening …
On 20 July 2020, the government announced its intention to propose a lease rent reduction for tourism properties in some distant atolls. The proposal is represented graphically in the caption. The law before 2010 The Maldives Tourism Act is 21 years old. It was enacted as Law Number 2/99 and brought into effect on 16 …
Ministry of Economic Development (MED) has made an announcement on the due date for submission of companies annual accounts, directors report and audit reports for the year 2019. Under the Companies Act of Maldives (96/10), all companies registered under this Act are required to submit these documents to the Registrar of Companies (RoC) every year. …
Health Protection Agency (HPA) has released a newly updated guideline to be followed when traveling between islands to provide essential services and for project works. The purpose of the guideline is to set out preventive measures to control the spread of COVID-19 in the islands. The guideline further provides the scope of services covered under …
Update On the Guideline for Travel Between Islands Read More »
In an effort to encourage investments within the tourism industry, the Government of the Maldives has decided to bring changes to the tourism lease rent rates for islands leased within the north and south atolls of the Maldives. The Minister of Economic Development, Uz. Fayyaz Ismail announced today via Twitter, that the Government has proposed …
The Health Protection Agency (HPA) has updated the guideline on home quarantine procedure for those who are returning to the Maldives from abroad and traveling to other islands from Male’. This guideline applies to all Maldivians, work permit holders and dependents of work permit holders returning to the Maldives. Further stipulated in the guideline are …
Update on Guideline for Home Quarantine Procedure Read More »
Many a developer involved in the construction of Maldives resort properties recently suffered project delays due to Covid-related lockdowns, shutdowns and interruptions. More often than not, construction and development of a tourist resort happens with a combination of certain key factors: money, resources and time. Any unwelcome time lags in a construction project of a …
In consideration of the traveling restrictions imposed due to Covid-19, the Ministry of Economic Development (MED) has extended the due date of Employment Approvals granted on 01 December 2019, to 90 days from 15 July 2020 onward. Additionally, the Ministry announces that the requirement on obtaining a special permit during the lock-down period for expatriates …
Expiration of Employment Approvals Granted to Expatriates Read More »
After a months-long standstill, Maldives tourism industry has officially reopened today with extensive safety measures in place. The Ministry of Tourism (MoT), along with Maldives Marketing & PR Corporation (MMPRC) and Maldives Airports Company Limited (MACL), have released a joint press statement commemorating this occasion and welcoming all tourists. This morning, the first commercial flight …
You have identified a resort property that you would like to manage in the Maldives. You have concluded your negotiations on a hotel management agreement with the owner of the property. You are about to ink the deal. At this juncture, you may want to ensure completion of a few regulatory steps to formalize your …
Entering the Maldives to Manage a Resort – 4 Simple Steps Read More »
