Legal Framework

Laws & Regulations

Comprehensive legal framework governing free zone operations and industrial development

Key Legislation

Primary laws governing free zone operations and business activities

Corporate LawActive

Companies Act

Law No. 10/96

Regulatory framework for company incorporation and governance

Enacted: 1996
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Investment LawActive

Foreign Investment Act

Law No. 25/79

Legal framework for foreign investment activities in the Maldives

Enacted: 1979
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Labor LawActive

Employment Act

Law No. 2/2008

Employment regulations and worker protection laws

Enacted: 2008
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Tourism LawActive

Tourism Act

Law No. 2/99

Legal framework governing tourism operations and regulations

Enacted: 1999
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Regulations & Guidelines

Detailed regulations and procedural guidelines for compliance

Employment Regulation

Regulation on Employment of Foreigners

Ministry of Economic Development & Trade

Detailed procedures for foreign employment and work permit requirements

Last updated: 2023
Labor Law Amendment

Sixth Amendment to Employment Act

Ministry of Economic Development & Trade

Recent amendments to employment regulations and procedures

Last updated: 2023
Maritime Law

Maritime Zones Act

Government of Maldives

Legal framework governing maritime boundaries and territorial waters

Last updated: 1996

Key Compliance Areas

Essential compliance requirements for free zone enterprises

Corporate Governance

Board composition, shareholder rights, and corporate transparency requirements

  • Board of Directors structure
  • Shareholder voting procedures
  • Financial reporting standards
  • Audit committee requirements

Environmental Compliance

Environmental protection standards and sustainability requirements

  • Environmental impact assessments
  • Waste management protocols
  • Emissions monitoring
  • Biodiversity protection measures

Labor Standards

Employment laws and worker protection requirements

  • Working hours and conditions
  • Health and safety standards
  • Equal opportunity policies
  • Training and development requirements

Financial Regulations

Financial reporting and monetary compliance requirements

  • Anti-money laundering (AML)
  • Know Your Customer (KYC) procedures
  • Financial reporting standards
  • Capital adequacy requirements