The following information will be required for all the fresh applications for investment.   

1/ Personal Addresses of the shareholders 
2/ Passport numbers of the shareholders 
3/ Bank reference of the company 
4/ Bank Address 
5/ Bank Account numbers 
6/ Vessel information (in EEZ fishing applications only) 
 

Guidelines on Concessions to Foreign Investment

THE TERMS OF THE AGREEMENT  
 
Investment Capital (IC)  < US$ 250,000 
Maximum 5 years and renewable. 
Every renewal is for not more than 5 years 

US$ 250,000 < IC < US$ 1 M 
Maximum 10 years and renewable 
Every renewal is for not more than 5 years 

IC > US$ 1 M 
Term and renewal subject to negotiation 
 
IMPORT DUTY  

Machinery, Capital goods, and construction material are exempt from all import and excise duties for the said periods corresponding to the level of investment capital (IC) 

IC < US$ 200,000    Exempt for initial 1 year 
IC > US$200,000     Exempt for initial 2 years 

And then after initial import Duty Exemption Period, 

Capital equipment imported for expansion and replacement will also be duty exempt. Construction material imported for the expansion of the investment will be duty exempt. 
 
RAW MATERIALS   
 
Exempt for the term of the investment. 
 
DISPUTE SETTLEMENT   

IC < US$ 1 M 
Mutual discussion, failing that matters can be referred to the Courts of law in the Maldives. 

IC > US$ 1 M 
International Arbitration, if necessary.