Get Ready: New Forex Act Takes Effect January 1st

Written By NOCWeb .

The Foreign Currency Act (32/2024) was officially ratified and published on December 14, 2024. This Act replaces the current Foreign Currency Regulation. The Act introduces several key changes and takes effect on January 1, 2025.

Our overview summarizes the Act's key obligations and compliance requirements for businesses operating in the Maldives.

NOCWeb .
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