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Relevent laws 

Below is a brief summary of the major legislation on trade and investment in the Maldives.  
  

  • Foreign Investment is governed by Law 25/79.
Provides for an agreement between the government and investor. Sets out terms and conditions and manner of implementation. Also provides  terms of investment and investment guarantee.  
  
  • Law governing formation of public companies, Law no: 23/72.
Provides for the formation of public companies  which can advertise and sell shares to the public. (Now being revised)  
  
  • Law of Contract. Law No 4/91
Governs contractual relationships in the Maldives.  
  
  • Law governing business conducted by foreign nationals Law no. 4/79. 
Covers business activities pertaining to commerce.  
  

Other Laws Concerning Businesses  
- Law on Registration of Companies, Law no: 25/82 (Being revised).  
- Law on Tourism, Law no: 15/79  
- Amendment to Tourism Law, Law no: 11/80  
- Manufacture of goods prohibited for importation, Bill no: 6/82,  
- Law relating to Importation of Medicine/ Drugs,  Law no:  75/78,  
- Law relating to Exports & Imports, Law no: 31/79,  
- Amendments to  Law no: 31/79 (on export-import),  Law no: 33/79,  
- Prohibited Imports,  Bill no: 4/75  
- Prohibited Imports,  Bill no: 1/77,  
- Prohibited Imports,  Bill no: 11/77, 


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