Regulatory Alerts2014-09-01
Special Economic Zone Act (2015)
The Maldives government enacted the Special Economic Zone Act to establish independent business zones that attract investment, transfer technology, and create jobs. The legislation defines various zone types, including industrial estates, free ports, and offshore financial services, while granting developers and investors specific tax incentives and customs exemptions. It establishes a Board to oversee zone development, monitor compliance, and determine eligible economic activities and investment thresholds.
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