Company Registration in Maldives, Company Registration Process in Maldives, Company Formation in Maldives, Foreign Company Registration in Maldives, Company Formation Process in Maldives, Company Formation Procedure in Maldives, Company Incorporation in Maldives,Foreign Company Formation in Maldives, Foreign Company Incorporation in Maldives, Doing business in Maldives, Foreign Direct Investment in Maldives, Maldives Bangladesh Trade relation, US Maldives Trade Relation, EU Maldives Trade Relation, Foreign Investment Guide Line in Maldives, Foreign Branch/ Liason office open in Maldives, Starting business in Maldives S & F CONSULTING FIRM LIMITED is an international business/ company registration consultancy firm. Foreign Company Registration (100% Foreign Investment, Joint Venture, Virtual/ Branch/ Liason Office, Foundation), Taxation, Accounts & Audit, Legal, Company Secretarial & Management Consultancy. Company Registration/ Formation/ incorporation in Maldives, Foreign Direct Investment in Maldives-FDI, FDI in Maldives, Doing Business in Maldives Company Formation / Registration in Maldives Two types of companies can be registered in the Maldives under The Companies Act (10/96). They are: - Private Limited Companies (Pvt Ltd) - Public Limited Companies (Plc). Private Limited Company (Pvt Ltd) Local and foreign individuals and companies can form a private limited company. The Company name will end with Pvt Ltd as a suffix. Foreigners and foreign companies can register a private limited company in the Maldives but these companies are referred to as Foreign Investments and are governed jointly under the Companies Act (10/96) and the Law on Foreign Investments (25/79). The documents required to register foreign companies are slightly different. More information on Foreign Investments is available here. Procedures The Ministry of Economic Development, under The Companies Act of the Republic of Maldives, Law no. (10/96), must register all the companies in Maldives. The following describes the procedure. Criteria/Prerequisites • The Company to be registered must have at least two shareholders above the age of 18. • Minimum capital for a Private limited company is 2000/- (Two thousand) Maldivian rufiyaa. • Minimum capital for a Public limited company is 1000,000/- (One million) Maldivian rufiyaa. Procedures 1. Take a queue number. When your number is displayed, submit the filled application form along with the necessary documents (listed in "Documents and Forms required") to the counter two (Company Counter). 2. Provide your contact details to the staff at the counter. 3. Once the documents are approved you will be informed (via phone) to attend the Ministry. 4. Take a queue number for Counter Two (Company Counter), and when your number is displayed, obtain the payment slip issued. The payment slip will expire in three days. 6. Make payment for the Company registration fee and Annual fee at counter number five (Cashier Counter) and obtain the payment receipt. No queue number is required at this counter. 7. After payment is made, show the payment receipt to Counter two (no queue number is required). 8. You will receive the Registration Certificate, the Instruction Letter, and an endorsed copy of articles and memorandum of association within 10 minutes. 9. Check the certificate for final verification. If any problem is noticed, directly consult the counter staff. Documents and forms required Company Name Search and Reservation Form Memorandum of Association (Dhivehi mandatory). Articles of association (Dhivehi mandatory). Company registration application form. MIRA101S Form Acceptance letter of Managing director. Acceptance letter of Company Secretary. Original and Copy of the ID cards of the Shareholders, Board of Directors (if different) and Secretary. Revenue stamp (Rf 500/- when collecting the Registration Certificate). Two sets of copies of the forms and documents are required. INCENTIVES TO FOREIGN INVESTORS • Right to100%foreign ownership • Legally backed investment guarantee • Provision for overseas arbitration of disputes • Long term contractual agreements and long term lease of land • Freedom to use foreign managerial, technical and unskilled workers. • No foreign exchange restrictions. • No restrictions on the repatriations of earnings or profits. Fees: Lower cost/ Fees/ Charge Email us: contact@sfconsultingbd.com Male, Maldives

• published: 07 Jul 2014
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