Maldives

Last update: 2026-06-01
MV MVR Maldivian
Pros
Absence of personal income tax and capital gains tax for most individual investment activities
Establishing private resort operations on uninhabited islands with significant autonomy from local administrative oversight
Maintaining a secure and secluded environment for high-value assets within a globally recognized luxury ecosystem
Cons
Navigating systemic corruption and lack of transparency in government procurement and land lease processes
Strict adherence to Sharia law limiting personal liberties and social freedoms outside designated tourist zones
High operational costs due to extreme geographic fragmentation and total dependence on expensive imported resources
Personal income
NONE
Corporate
NONE
Capital gains
NONE
VAT (standard)
NONE
i 2.2 VERY LOW TAX
i 2 CRYPTO HAVEN
i 2 PRIVACY GRADE
i 0.9 EASY CITIZENSHIP
i 0.5 HOLDING
i 0.5 DIVIDEND PIPELINE
VERYLOW TAX 2.2/10 HOLDING 0.5/10 DIVIDENDPIPELINE 0.5/10 CRYPTOHAVEN 2/10 PRIVACYGRADE 2/10 EASYCITIZENSHIP 0.9/10
01/08

Will Maldives tax what you earn?

income tax tax residency territorial system

NO. Maldives doesn't tax personal income, and doesn't reach for you when you settle. No withholding, no return, no centre-of-vital-interests test waiting to trip. Salary is a non-event here, both in the rate and in the paperwork.

Personal income taxi
NONE
no personal income tax framework
Income simulatori
N/A
no income tax framework — nothing to simulate
Tax residence testi
N/A
no formal tax residency test · matters mainly for citizenship / immigration tracks
02/08

Will Maldives tax what you own?

capital gains wealth tax inheritance dividends interest

NO. Maldives doesn't tax what you hold. No capital gains, no annual wealth assessment, no inheritance regime. The value sitting in your portfolio compounds untouched, and leaves it the same way it arrived.

Capital gainsi
NONE
no capital gains regime
Dividend taxi
NONE
no dividend tax
Interest incomei
NONE
no interest income tax
Wealth taxi
NONE
no annual wealth tax · no real-estate wealth tax · no net-worth assessment
Crypto · tax regimei
Regime
UNREGULATED
Fallback rate
15%
The Maldives Monetary Authority (MMA) has issued public warnings stating that no licenses have been granted for crypto-related activities and that cryptocurrencies are not legal tender. However, the Maldives Inland Revenue Authority (MIRA) applies the Income Tax Act (25/2019), which taxes 'Total Income' from all sources. Under Section 12, gains from the disposal of assets or any other income are subject to progressive tax rates. For individuals, income exceeding MVR 1,800,000 is taxed at the top marginal rate of 15%. While no specific crypto-to-crypto guidance exists, general tax principles in the Maldives treat the disposal of one asset for another as a realization event.
Crypto-to-cryptoi
TAXABLE
each swap counts as a disposal — gains realised at every trade
FATF travel rulei
NOT SIGNED
no information-sharing obligation on VASP transfers
Inheritance systemi
NONE
no estate tax · no heir-based duties · no succession tax framework. Wealth transfers across heir-classes are not taxed in this jurisdiction. Only standard probate / registration fees may apply.
03/08

Is it easy to run a company in Maldives?

corporate tax criminal liability public registry VAT IP box

YES. Maldives has no corporate income tax and no criminal liability for misuse of corporate assets: fiscally and legally weightless. The catch: corporate registries are public, so your name as shareholder shows up in a search portal. The state doesn't tax you and doesn't prosecute you; it just exposes you.

Corporate taxi
NONE
no corporate income tax framework
IP Box · Patent Boxi
NONE
no IP regime · IP income taxed under standard corporate rules
Misuse of corporate assetsi
NO CRIMINAL LIABILITY
Civil Matter / Breach of Fiduciary Duty (Companies Act No. 7/2023, Sections 145-151)
The Maldives follows common law principles where a company is a separate legal entity, but the 'dishonesty' required for criminal offenses like Criminal Breach of Trust (Penal Code Section 214) is generally negated if the sole shareholder and director consents to the use of funds while the company is solvent. Such acts are treated as a breach of the director's statutory duty to act in the best interests of the company or as an unlawful distribution of assets, triggering civil restitution or regulatory fines rather than criminal prosecution, provided creditors are not defrauded.
Shareholders privacyi
PUBLIC PAYWALL
Ministry of Economic Development and Trade - Business Portal
Directors privacyi
PUBLIC PAYWALL
Ministry of Economic Development and Trade - Business Portal
Incorporation costi
Private Limited Company
އަމިއްލަ ކުންފުނި
Foreign Investment Application Processing Fee (USD 5,000) USD 4,991
Professional Legal and Incorporation Services (Market Average) USD 1,942
One-time Administrative Fee (Companies Act 2023) USD 162
Company Registration Fee USD 129
Company Name Reservation and Stamp Duty USD 39
Total USD 7,263
VAT standard ratei
NONE
no general VAT · no consumption tax framework
04/08

Is Maldives good for your holding company?

treaty network participation exemption withholding

NO. Maldives doesn't carry a treaty network, which makes it unsuitable as a holding jurisdiction. Any dividend flowing in or out faces full statutory withholding, and no domestic participation exemption can compensate for missing relief on the source side.

Territorial systemi
Individuals
WORLDWIDE
Corporates
WORLDWIDE
Individuals: worldwide income taxation regardless of source. Corporates: worldwide.
Participation exemptioni
NONE
no dividend participation exemption regime
CFC rulesi
NONE
no controlled foreign corporation regime · foreign-source corporate income out of scope
WHT · dividendsi
no withholding on outbound dividends
WHT · interest
no withholding on outbound interest
WHT · royalties
no withholding on outbound royalties
Tax-haven WHT
no punitive rate on record
Treaties signedi
0
active
Treaties pending
in negotiation
Tax treaty networki
origin · MV 0% > 0% no treaty
Inspect a country
Hover any country on the map to read its withholding-tax treaty with MV.
Country Status Dividends Interest Royalties
// no treaties match
05/08

What does it cost to come and go from Maldives?

exit tax territorial system dual citizenship

SOME. Maldives taxes worldwide income while you're resident, but there's no exit tax on the way out. The cost of leaving is mostly paperwork: unrealised gains follow you to the next jurisdiction untouched.

Exit taxi
NONE
no triggers active · residence change tax-free · no deemed-disposal mechanism
Dual citizenship
FORBIDDEN
naturalisation requires renouncing existing citizenship
Citizenship paths
Residence
Marriage
Birth
Descent
Investment
06/08

Will Maldives protect your privacy?

info exchange corporate registries

PARTLY. Maldives has signed most of the standard exchange frameworks and operates a public corporate registry. Financial accounts are reported to your home tax authority, and your shareholdings are visible to anyone. Privacy is shallow on both axes.

Multilateral reporting frameworks 2/10 active · 2 pending
CRS
2023
CARF
FATCA
MLI
BEPS
MAAC
2021
GLOBAL FORUM
EOIR
CRYPTO-CARF
CRYPTO TRAVEL RULE
07/08

Is Maldives itself a liability?

blacklists FATF standing

SOMEWHAT. Maldives is flagged by one or two national tax authorities and sits outside FATF membership. Selective friction: anti-abuse rules trigger on transactions in specific corridors, and counterparties tend to ask more questions.

Blacklist exposure Listed by 2 authorities
FATF
grey / black list
EU
non-cooperative list
FRANCE
ETNC list
SPAIN
tax-haven list
PORTUGAL
favourable regimes
BRAZIL
low-tax list
08/08

Will you feel free in Maldives?

press freedom crypto CBDC EU

NO. Press freedom in Maldives is restricted (RSF rank #104). Civic space and independent media operate under pressure or not at all, a constraint that typically extends to financial expression as well, even where crypto isn't formally banned.

Press freedom · RSF indexi
104/180
score 52 · ↑ 2 ranks year-on-year
Central bank digital currencyi
Program Status Cross-border Sources
Maldives CBDC
Maldives Monetary Authority
RESEARCH
SEE ALSO

Other jurisdictions worth comparing

Picked by similarity of strategic profile to Maldives. No editorial ranking — neighbours in the same scoring space.

PROFILE-ADJACENT Same shape, comparable overall friction.
NOTABLY MORE FAVORABLE Same family of strategies, higher total score.
NOTABLY LESS FAVORABLE Same family of strategies, lower total score.