Foreign Investments & Tourism
The Maldives presents significant opportunities for foreign investors, particularly in sectors such as tourism, real estate, hospitality, and infrastructure. At Munawwar & Co, we provide comprehensive legal support to foreign investors seeking to enter, establish, or expand their operations in the Maldives. Our services are tailored to meet the unique needs of international clients while ensuring full compliance with local laws and regulatory requirements.
Foreign Investment Advisory and Structuring
We advise clients on all legal aspects of entering the Maldivian market, beginning with the initial evaluation of entry requirements and registration procedures. Our team provides strategic guidance on selecting the appropriate legal structure, whether through joint ventures, subsidiaries, or other forms of incorporation, ensuring that each investment is legally sound, tax-efficient, and aligned with the investor’s goals.
Foreign investors must also consider sector-specific restrictions and regulatory frameworks. While some areas of business are subject to limitations or require special approvals for foreign ownership, we are here to assist clients assess the most viable business sectors, navigate legal barriers, and identify compliant and financially advantageous solutions.
OUR SERVICES IN THIS AREA COVER
- Regulatory due diligence and compliance advisory
- Business licensing and foreign investment registration/approval
- Structuring of joint ventures and foreign-owned entities
- Legal opinions on foreign ownership restrictions
- Liaising with regulatory authorities, including the Ministry of Economic Development and Trade and other relevant bodies
Tourism and Hospitality Sector Expertise
Tourism is the one of the prominent and profitable industry in the Maldives, attracting global investment and driving substantial economic growth. We offer specialized legal support to investors and operators in the tourism and hospitality sector, including resort developers, hotel operators, and property investors.
OUR SERVICES IN THIS AREA COVER
- Handling transactions related to resort sales, acquisitions, and joint ventures
- Legal due diligence on land use rights, leasehold titles, and investment approvals
- Drafting and negotiating property lease agreements and resort development contracts
- Compliance with tourism regulations, environmental laws, and local planning policies
- Employment law advisory tailored to the hospitality sector
- Licensing and permit acquisition from the Ministry of Tourism and Environment and other relevant agencies
We also advise on the legal and operational aspects of resort and guesthouse development, including assistance with procurement contracts, vendor agreements, and construction-related legal matters.
Full-Spectrum Support for Post-Investment Operations
In addition to initial setup and compliance, we provide ongoing legal support to foreign investors throughout the lifecycle of their investment. This includes assistance with operational matters, contract management, employment issues, dispute resolution, and compliance with tax and regulatory changes.
From the first point of market entry to long-term operational success, Munawwar & Co is the trusted partner for foreign investors and tourism operators in the Maldives. Our team combines deep knowledge of Maldivian business law with practical industry insight to ensure that every investment is secure, profitable, and compliant.