Welcome Note
Welcome to the official website of the Embassy of Maldives in China. On this website, you will find useful information on investing and doing business in the Maldives, consular services for Maldivian citizens in China and visa regulations for foreign nationals travelling to the Maldives, as well as information on the Maldives covering political, socio economic and cultural developments in the country.
Archives
Search
Business and Investment Opportunities
Investment
Foreign Direct Investments (FDI) has been a crucial part of the economic development of the Maldives.
The Government of Maldives is committed to establishing an economic environment in which free play of competitive forces will determine the character of economic development. The continuing reforms to the fiscal and monetary framework are aimed at further empowering the private sector while the continuing reforms of the legal structure for trade and investment are aimed at providing a more transparent environment for businesses to flourish.
According to World Bank's 2006 Investment Climate Assessment, Maldives ranked highest in the region in terms of World Banks' ease of doing business index.
Over the years, many reputable international brand names have capitalized on the competitive benefits of investing in the Maldives, proof of which is seen in the many world class resorts of international hotel chains such as Hilton, Four Seasons, Club Med, One and Only, Sheraton, Holiday Inn etc. currently in the Maldives.
For Further information, please contact;
INVEST MALDIVES - Ministry of Economic Development
First Floor, Ghazee Building,
Male', 20-05, Republic of Maldives
Phone: +960 3323890, +960 3328754,
Fax: +960 3323756
Email: info@investmaldives.org
The Strategic Action Plan of the National Framework for Development 2009 每 2013:
The Strategic Action Plan serves as the principal planning document of the Government of Maldives
in the delivery of the government's pledges and programmes outlined in the MDP Alliance Manifesto.
The five key pledges are:
• Nation-wide transport system
• Affordable living costs
• Affordable housing
• Affordable and quality health care for all
• Prevention of Narcotics abuse and trafficking
In bringing Foreign Direct Investments to the Maldives, the Government is highly welcoming of investments which contribute to the fulfillment of the afore-mentioned key pledges.
More information on the Strategic Action Plan: http://www.presidencymaldives.gov.mv/Documents/AP-EN.pdf
Some of the major legislation on trade and investment are:
• Law governing foreign investments in the Republic of Maldives (Law No. 25/79)
• Law governing formation of public companies (Law No. 23/72)
• Law of Contract (Law No. 4/91)
• Law governing business conducted by foreign nationals (Law No. 4/79)
• Law on Registration of Companies (Law No. 25/82)
• Law on Tourism (Law No. 15/79)
• Law relating to Export & Imports (Law No. 31/79)
• Law on Negotiable Instruments (Law No. 16/95)
• Sale of Goods Act (Act No. 6/91)
• Law on Mortgage (Law No. 9/93)
• Law on Consumer Protection (Law No.1/96)
• Law on Consumer Protection (Law No. 1/96)
Possible Options for Foreign Investors
• Foreign investors may choose, either to setup an investment wholly owned by foreigners or form joint ventures with Maldivian nationals or companies registered in the Maldives.
• Foreign investments registered in the Maldives will be granted a 20 year license.
Incentives for Foreign Investors
• Right to 100% foreign ownership.
• Legally backed investment guarantee.
• Provision for overseas arbitration of disputes
• Long term contractual agreements and long term lease of land
• Freedom to use foreign managerial, technical and unskilled workers.
• No foreign exchange restrictions.
• No restrictions on the repatriations of earnings or profits.
Some useful links:
Invest Maldives ( www.investmaldives.org )
Ministry of Economic Development ( www.trade.gov.mv )
Ministry of Tourism, Arts and Culture ( www.tourism.gov.mv )
Department of National Planning ( www.planning.gov.mv )
Trade
In line with the Government＆s vision to establish the most conducive conditions for brisk commerce and economic activity in the Maldives to become the hub of regional free trade and to have a more diversified economy with export-oriented trade in services and industrial development, the Embassy acts as a mediator to promote and develop trade relations between Maldives and China. The Embassy also assists Maldivian businessmen who are interested in undertaking business activities with their counterparts in China.
At the same time, the Embassy also provides assistance to the Chinese businessmen who are interested in doing business with the Maldives.
For business related queries, you may contact the embassy at admin@maldivesembassy.com
Some useful contacts for Chinese nationals:
• Maldives National Chamber of Commerce and Industries (MNCCI)
G. Viyafari Hiyaa
Ameenee Magu,Male' 20-04
Republic of Maldives
Tel: +960 3326634, 3310717, 3310234, 3321889
Fax: +960 3310233
Email: mncci@dhivehinet.net.mv
• Maldives Association of Construction Industry (MACI)
PA Complex, (Ground Floor)
Hilaalee Magu, Mal谷
Republic of Maldives
Tel: +960 3318660
Fax: +960 3318796
Email: maci@dhivehivehinet.net.mv
Website: www.maci.org.mv
• Maldives Association of Tourism Industry (MATI)
3rd Floor, Gadhamoo Building
Boduthakurufaanu Magu
P.O. Box 2056, Mal谷
Republic of Maldives
Tel: +960 3326640
Fax: +960 3326641
Web: http://www.matimaldives.com
• Maldives Industrial Fisheries Company Ltd.
Blk 389, Hilaalee Magu, Mal谷
Republic of Maldives
Tel: +960 3323932
Fax: +960 3323955
Email: info@mifco.com.mv
Website: www.mifco.com.mv
• Maldives Seafood Processors and Exporters Association
M. Westend, 3rd Floor
Handhuvaree Higun, Mal谷
Republic of Maldives
Fax: +960 3314920
Email: info@mspea.org
Web: http://www.mspea.org
• Horizon Fisheries Pvt. Ltd.
3rd Floor, Filaa Building 2
No. 12, Boduthakurufaanu Magu, Mal谷
Republic of Maldives
Tel: +960 3328855, 3327788
Fax: +960 3324455
Mobile: +960 7784117
Email: rasheed@horizonfisheries.com
Some useful contacts for Maldivian nationals:
• Ministry of Commerce of the People's Republic of China
No.2 Dong Chang'an Avenue,
Beijing 100731
People's Republic of China
Tel: +86-10-51651200-612/613/623
Fax: +86-10-65677512
Mailbox: http://gzly.mofcom.gov.cn/website/pubmail/send_mail_en.jsp
• China Council for the Promotion of International Trade (CCPIT)
China Chamber of International Commerce (CCOIC)
1 Fuxingmenwai Street,
Beijing 100860
People's Republic of China
Tel: +86-10-88075716
Fax: + 86-10-68030747
• China Chamber of Commerce for Import and Export of Textiles - http://www.ccct.org.cn/information_en/index.jsp
• China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts (CCCLA) - http://www.cccla.org.cn/English/englishHome.aspx
• China Chamber of Commerce for I&E of Metals, Minerals and Chemical Products - http://www.cccmc.org.cn/EnglishWeb/EngDefault.aspx
• China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-Products - http://www.agriffchina.com/userlisten.aspx
• China Chamber of Commerce for Import and Export of Machinery and Electronic Products - http://www.cccme.cn.net/eng/index.htm
• China Chamber of Commerce of Medicines & Health Products Importers & Exporters - http://ybsh2.mhpie.com.cn/hechh/index.php
• China International Contractors Association - http://www.chinca.org/en/
• For more information on doing business in China and information on business entities http://english.mofcom.gov.cn/
Upcoming Events in Maldives and China
Maldives
Maldives Invitational Beach Games 2011
The first ever Beach Games to be held in the Maldives, with a theme of sun, sea, sand and surf
Date: Late September 2011 (7 每 10 days)
Venue: Beach areas in Male' and other islands
Marketing, Media and Publicity In-Charge: Mr. Hassan Ismail
China
109 th China Import and Export Fair (Canton Fair), Guangzhou
China Import and Export Fair,also called Canton Fair, is held twice a year in Spring and Autumn since it was inaugurated in the Spring of 1957. It is China's largest trade fair of the highest level, of the most complete varieties and of the largest attendance and business turnover.
Date: Phase 1 15 每 19 April 2011
Phase 2 23 每 27 April 2011
Phase 3 1 每 5 May 2011
Venue: China Import and Export Complex, Guangzhou
Hosts: The Ministry of Commerce of the People's Republic of China (MOFCOM), and The People's Government of Guangdong Province
Organizer: China Foreign Trade Centre
Web: http://www.cantonfair.org.cn/
International Horticultural Exposition (Expo 2011), Xian
The Expo 2011 will be another grand international gathering hosted by China after the Beijing 2008 Olympics and Expo 2010 Shanghai. The expo is expected to attract 12 million visitors.
Date: 28 April 每 22 October 2011
Venue: Chan-Ba Ecological District, Xi'an
Sponsor: People's Government of Shaanxi Province, the State Forestry Administration, P.R.China, the China Council for the Promotion of International Trade ICCPIT)and the China Flower Association.
19 th China Import and Export Fair and 4 th South Asian Countries Trade Fair (SATF), Kunming
Kunming Fair is one of the biggest import and export fairs held in China annually, with a component of the fair designed especially for South Asian countries, held simultaneously in the same venue known as South Asian Countries Trade Fair.
Date: 6 每 10 June (every year)
Venue: China Kunming International Fair Exhibition Center
Sponsors: The Ministry of Commerce of the People's Republic of China (MOFCOM), and seven provincial governments of Yunnan, Chongqing, Sichuan, Guizhou, Guanxi, Tibet and Chengdu
Organizers: The People's Government of Yunnan Province
Kunming Fair - http://www.kmfair.org
SATF - http://www.kmsacc.com/
5 th Asia Luxury Travel Market (ALTM)/International Luxury Travel Market Asia (ILTM Asia), Shanghai
Asia Luxury Travel Market will be attended by high-end luxury travel buyers of Asia Pacific and provides its luxury travel providers the opportunity to reach out to VIP Buyers.
Date: 13 每 16 June 2011
Venue: Shanghai International Convention Center (SICEC)
Web: http://www.iltm.net/asia/
8 th Beijing International Tourism Expo (BITE)
Asia's leading annual travel and tourism event, BITE has proven its credibility as a platform for networking opportunities and business discussions across the Asia Pacific region. BITE 2011 is said to be packed with an enormous showcase of tourism destinations and attractions as well as travel-related goods and services.
Date: 17 每 19 June 2011
Venue: China National Convention Centre (CNCC)
Organizers: Beijing Tourism Administration
Web: http://www.bitechina.com.cn/
China International Fair for Investment & Trade (CIFIT)
CIFIT is currently China's only international investment promotion event aimed at facilitating bilateral investment. It's also the largest global investment event approved by UFI.
Date: 8 每 11 September (every year)
Sponsor: The Ministry of Commerce of the People's Republic of China (MOFCOM)
Organizers: Fujian Provincial Government, Xiamen Municipal Government, Investment Promotion Agency of MOFCOM
Web: http://www.chinafair.org.cn
China International Travel Mart (CITM) 2011, Kunming
CITM is an annual event which is held in Shanghai and Kunming alternatively. It is one of the largest trade and consumer travel shows in Asia.
Date: 27-30 October 2011
Sponsor: The Ministry of Commerce of the People's Republic of China (MOFCOM)
Organizers: China National Tourism Administration (CNTA), Shanghai Municipal People's Government, General Administration of Civil Aviation of China
____________________________