Saturday, November 29, 2014

Maldives-Foreign Company Registration, Formation

Maldives-Foreign Company Registration, Formation

Why foreign investors plan to setup business in Maldives? Tourism business is suitable for the medium and big investors. It’s not the biggest economically developed countries. GDP is not higher; fdi is not much higher than many countries of Asia. Entrepreneurs plan to register a company in Maldives due to recognition and earning expected amount from investment capital. Many sectors are remarkable for business in Maldives like real estate, restaurant, IT, consultancy, online, cleaning, Garments, chain shop, glossary, service business, manufacturing, assembling and many more.
<img src="images/maldives_business.png" alt="Maldives-foreign company registration, formation"/>
Maldives-foreign company registration, formation

Every investor plans to do business expecting a good return and repatriate the profit to mother country. Bank account opening as foreigners is not difficult but only registered business entities are allowed to open account. New company registration in Maldives as foreigner is not same like other country and not free from burocracy. Every government tries to increase foreign direct investment-fdi and attract the foreign entrepreneur to invest. The following services are provided for the foreign entrepreneurs: 
a)Foreign business registration b) income tax filing c) accounts and audit service d) virtual office rent e) nominee directorship f) Repatriate consultancy g) annual return filing h) company secretarial

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