Doing Business in Maldives

The Maldives is a small island state, with a local population close to 350,000, located in the Indian Ocean, just South-East of Sri Lanka. The Maldivian archipelago consists of 1192 islands each surrounded by shallow, crystal clear lagoons enclosed within naturally protective coral reefs. The local population is spread out across 188 islands, but is most concentrated in the capital city of Malé.

The climate is tropical, with two monsoons, keeping the islands unvaryingly warm throughout the year. Around 130 of Maldives’ islands have been developed into luxury resorts for tourists, from which the country generates most of its income.

Thai investments in the Maldives at present is estimated to be over USD 500 million with Thai conglomerates having invested in 10 resorts and the addition of the Crossroads Maldives worth USD 311 million by Thailand’s leading real estate developer Singha Estate Public Company Limited. The Crossroads is the largest integrated leisure and lifestyle destination in Maldives, which encompasses nine idyllic islands fringing the Emboodhoo Lagoon in the South Male’ Atoll.

More information on doing business in Maldives can be found in the following sections.