Resources

Sharing our knowledge and expertise, and keeping you up to date with the latest legal developments.

Antitrust

September 2020 – Regulatory Update on Competition and Fair Businesses Act

The Government of the Republic of Maldives has ratified the Competition and Fair Business Practices Act on 31st August 2020, which is intended to promote positive competition and fair business practices, while prohibiting agreements and conduct that prevent, restrict and distort market competition, that would hinder economic growth.

In this bulletin we have provided a high-level overview of the key provisions of the Act.

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COVID-19

October 2020 – COVID-19 Special Measures Act

The Government of the Republic of Maldives has ratified the ‘COVID-19 Special Measures Act’ (the “Act”) on 22nd September 2020, containing special measures to, inter alia, provide assistance and protections for individuals, families and businesses during this state of public health emergency due to COVID-19.

This bulletin highlights and summarises the salient provisions of the Act related to employment matters.

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Employment

November 2021 – Minimum Wage

The Minister of Economic Development has via an order issued on 8th November 2021 introduced the rules on minimum wage implementation in the Maldives.

This bulletin provides a snapshot overview of the minimum wage rules applicable pursuant to the Minimum Wage Order.

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October 2020 – Amendments to the Employment Act

The Maldives Government has ratified the Sixth Amendment to the Employment Act 2008 in September 2020, proposing sweeping changes to several key provisions of the Employment Act.

This bulletin highlights and summarises the salient provisions of the Sixth Amendment.

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October 2020 – COVID-19 Special Measures Act

The Government of the Republic of Maldives has ratified the ‘COVID-19 Special Measures Act’ (the “Act”) on 22nd September 2020, containing special measures to, inter alia, provide assistance and protections for individuals, families and businesses during this state of public health emergency due to COVID-19.

This bulletin highlights and summarises the salient provisions of the Act related to employment matters.

Read More »

Hospitality

November 2020 – Amendments to Tourism Act

The Maldives Parliament proposed significant changes to the Tourism Act affecting lease rent, and introduced new concepts for ‘integrated tourist resort development’, ‘private island development’, etc.

This bulletin provides a snapshot overview of the salient provisions of the amendments to the Tourism Act.

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Regulatory Update - Companies Act regime

Regulatory Update - Foreign Currency Regulation

Tax Update