The Maldives is a chain of islands located southwest of the Indian peninsula, in the Indian Ocean. The archipelago is the world’s lowest-lying country, with even its highest natural point being one of the lowest in the world, at 5.1 meters. Its history includes colonizations by the Portuguese, Dutch and the British, from whom the people gained independence in 1965.

With over 1,000 coral islands grouped in a double chain of 26 atolls, the Maldives comprises coral reefs and sandbars, situated atop a submarine ridge 960 kilometers long that rises abruptly from the depths of the Indian Ocean and runs north to south, with a tropical monsoon climate. Although tourism arrived to the islands only in the 1970s, its arrival greatly transformed the national economy moving it rapidly from its historical dependence on the fishing industry.

The largest ethnic group is the Dhivehin, who are native to the historic region of the Maldive Islands. They are an Indo-Aryan people, having traces of Middle Eastern, South Asian, Austronesian and African genes in the population.

2021
April 13Ramadan Start
May 1Labor Day / May Day
May 13Eid ul Fitr
May 14Eid al Fitr Holiday
May 15Eid al Fitr Holiday
July 18Public Holiday
July 19Hajj Day
July 20Eid ul Adha
July 21Eid ul Adha Holiday
July 22Eid ul Adha Holiday
July 23Eid ul Adha Holiday
July 25Public Holiday
July 26Independence Day
July 27Independence Day Holiday
August 9Muharram/Islamic New Year
October 7National Day
October 18Milad un Nabi (Mawlid)
November 3Victory Day
November 7The Day Maldives Embraced Islam
November 11Republic Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 8% (lowest rate), 15% (highest rate)
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 15% (0% for expatriates)
  • VAT/GST/Sales Tax: 6%
  • Bank of Ceylon
  • Maldives Islam bank
  • Bank of Maldives
  • Commercial Bank of Maldives
  • The Mauritius Commercial Bank (Maldives) Private Limited
  • The Hongkong and Shanghai Banking Corporation
  • State Bank of India
  • Habib Bank Limited

Aadmi can support you with your expansion to Maldives. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

May 13, 2021
South East Asia features some of the fastest growing economies in the world. The presence of varying landscapes and cultures make it one of the most diverse markets for bus...
May 12, 2021
As each week passes, new challenges arise for companies with global operations. Different employment laws, payroll and furlough schemes, and reopening strategies in each co...
May 11, 2021
Today, an understanding of every African market and its unique situation is crucial for entrepreneurial success. In this blog, we will be discussing some of the top African...
May 10, 2021
In December 2020, the Narendra Modi-led government made some significant changes to the Indian Labor Code. Forty of the old central laws were replaced with four major labor...