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How to register a company in Maldives

How to register a company in Maldives

How to register a company in Maldives as a foreigner? Common questions asked by foreign investors.  Before we head out and answer this question firstly, let’s discuss some essential facts about Maldives. The Maldives is recognized particularly for its beaches, extensive reefs & blue lagoons. Tourist all over the world is highly attracted to its natural beauty. Every year thousands and thousands of tourists visit in Maldives. Maldives earn a huge amount of revenue from its tourism industry. Many foreign investors think Maldives is a very lucrative place to invest.  In facts, its economy is quite strong, and its market is always expanding. As a result, many business opportunities are rising in Maldives.

It is no surprise to see how foreign investors and companies are lining up to do their business in Maldives. These companies will be called Private Limited Companies and will require company registration in Maldives before they can operate their business legally in the country. With that being said, Let’s now discuss the process of registering a company in Maldives.

Pre-Registration Requirement

Details Procedure of Foreign Company Registration in Maldives

Name Registration

The process of registering a company in Maldives starts with name registration. To register a company name, you must collect necessary forms from the Maldives Register of Companies. Your selected company name should not resemble any other company names in Maldives. The company name search can be done at the official website of Maldives Register of Companies. Upon submission of the name registration form, The Register of companies will register the company name once the verification process is over.  

According to the Company Act 1996, all companies are required to register with The Ministry of Economic and Development. The Register of Companies where you need to submit all the documents to register a Limited Liability Company. Documents include —

Memorandum and Articles of Association

To become a legal register company, every company needs to file a memorandum and article of association. Memorandum usually contains information which allows creditors, shareholders, and others to know about the company and to know how it operates. The Register of Maldives states the following information needs to be in the memorandum–

Articles of Association is commonly known as Article of Incorporation.  It mainly defines the responsibility, duties, and power of the company directors, the types of business activities the company engages in. These are the following information needed to be included in the Article of Association

Upon submission of these documents and registration fee (based on the scale of share capital), your company will be registered with The Ministry of Economics and Development. The company will receive an incorporation certificate once verification is done.

Benefits of Registering a Company in Maldives

Who are we?

S & F consulting firm is a recognized global business consulting firm. S & F provide service like ¬– foreign company registration, accounting, bookkeeping, income tax, auditing, etc. S & F mainly ease the process of company registration for foreign investors by taking all the responsibility that is required.

Why Choose us?

We have highly experienced professionals who have several years of experience working in this field. Our experienced professionals will assist you with any types of business problems, including company registration in foreign countries. We highly maintained customer/ client confidentiality and does not share any of business information with others. Our fees are comparatively cheaper than the others.

Frequently Asked Question

Q: What is the minimum capital required for public and private limited company?

Q: How long it takes to register a private limited company?

Q: where to apply for company registration?

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