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Maldives Updates Eligible Activities and Minimum Investment for Special Economic Zones

25 January 2024

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Approved Changes

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Maldives

The Maldives Ministry of Economic Development and Trade has published Presidential Decree on Minimum Investment Threshold 2023/15 (Dhivehi language), which was originally issued on 17 December 2023 and updates the types of eligible activities and the minimum investment amount to benefit from special economic zone incentives. As per the Decree, eligible activities include: Export-oriented manufacturing activities; Transshipment ports, international logistics, ports, airports, bulk-breaking, bunkering, and docking services; Universities, tertiary hospitals, specialty hospitals, and world-class research and development facilities; World-class information and communication technology (ICT) parks and ICT-related facilities; International financial services and international trade centers; Renewable energy; Introduction of technology...