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The Maldives, [c] officially the Republic of Maldives, [d] and historically known as Maldive Islands, is a country and archipelagic state in South Asia in the Indian Ocean. [9] The Maldives is named after the main island and capital, Malé. The Maldives is southwest of Sri Lanka and India, about 750 kilometres (470 miles; 400 nautical miles ...
Website. port.mv. Maldives Ports Limited is a state corporation of the Maldives, created to be the sole port authority of the ports of the Maldives. It is 100% owned by the government of Maldives and is located in Malé, the principal port, major city and capital of the archipelago nation in the Indian Ocean . The Port of Malé comprises an ...
The Ministry of Economic Development of the Republic of Maldives (Dhivehi: މިނިސްޓްރީ އޮފް އިކޮނަމިކް ޑިވެލޮޕްމަންޓް އެންޑް ޓްރޭޑް) is a government ministry in the Maldives
In ancient times, Maldives were renowned for cowries, coir rope, dried tuna fish (Maldive fish), ambergris (maavaharu) and coco de mer (tavakkaashi). Local and foreign trading ships used to load these products in the Maldives and bring them abroad. Nowadays, the mixed economy of Maldives is based on the principal activities of tourism, fishing ...
Foreign relations of the Maldives. The Maldives has remained an independent nation throughout its recorded history, save for a brief spell of Portuguese occupation in the mid-16th century. From 1887 to 1965, the country was a British protectorate while retaining full internal sovereignty. At its independence in 1965, the Maldives joined the ...
The Maldives Monetary Authority (MMA) is the central bank of the republic of Maldives and was established on July 1, 1981, under the mandate provided by the "MMA Act" of 1981, located in the capital city of Malé. The current governor and chairperson is Ali Hashim and deputy governor is Mr. Ahmed Imad. It is a member of the Asian Clearing Union.
Business Profit Tax Act. The Business Profit Tax (BPT) Act came into effect on 18 July 2011. Under the Act, tax is imposed at the rate of 15% on profits exceeding MVR 500,000 (approx. USD 32,425) in a tax year. A lower rate of 5% is applicable to companies resident in the Maldives generating all of their income from outside the Maldives.
China is expanding its influence in the Maldives by aggressively pursuing land acquisition. Instead of being a genuine contributor, China is more like a strategist laying traps. China's ultimate goal is to dominate the Maldivian market by positioning itself as a development partner and the primary source of tourism, aiming to exert significant ...