Ministry of Economic Development

Trade Policy Formulation
Trade policy formulation is mandated to Ministry of Economic Development. The trade policy of the country is formulated, in coordination and consultation with the relevant Government Ministries and in compliance with international obligations, agreements, treaties and conventions that Maldives is signatory to.
Labour and employment policy
Transport policy
Investment Promotion
Invest Maldives is the government agency entrusted with promoting, regulating and licensing foreign investments in the country. It is the first port of call for all foreigners keen on investing in the Maldives.
SME Development
The potential of the SME sector in creating a more resilient and diversified economy as well as creating more employment opportunities, particularly in the outer atolls is ever increasing. The Ministry envisages establishing the requisite institutional and organizational mechanisms to restructure and consolidate all SME Development activities in order to achieve economies of scale and efficiency of operations.
IPR
Invest Maldives is the government agency entrusted with promoting, regulating and licensing foreign investments in the country. It is the first port of call for all foreigners keen on investing in the Maldives.
Consumer Protections
The Consumer Protection Act enables the consumers to protect their basic rights in buying goods and services. It includes the right for basic product information such as price, product labeling, and terms and conditions in the sale of goods and services.
Standards
Standards make products and services more reliable and it helps to improve the organizational performance and minimize the risks. As the National Standards Body we work towards formulating national standards and adopting international standards to facilitate industry needs.

Publications
Publications
Laws and Regulations
Laws and Regulations
Policy Documents
Policy Documents
Forms
Forms
Annual Reports
Annual Reports

Bilateral
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- Agreements
- Trading Partners
  - Statistics
Regional
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- SAFTA
- SATIS
  - Agreements
Multilateral
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- WTO
- OIC

BUSINESS SERVICE

Re-Export Licence Issuing

Service:

Issuing re-export license

Why do I need to do this?

Follow this user guide if you need a permanent or temporary re-export license for re-export of goods from the Maldives.

Where can I apply for the service?

You can apply in person at MED <pop up street address>

How long will the process take?

Same day as date of application (Day 1) for permanent re-export licenses, and the following day (Day 2) for temporary re-export licenses.

What are the fees and charges involved?

None

Which documents do I need to submit?

	Document	Check for:
1	Re-export license application form	§ All required fields filled correctly § All documents listed in the application form are submitted § Signature (If applicant is an individual, his/her signature. If applicant is a business/government organisation, signature of an authorised person) § Seal (If applicant is a government entity or company)
2	Invoice stamped by Maldives Customs Service	§ A copy of the invoice for items to be re-exported, with price officially endorsed and stamped by Maldives Customs Service
3	Copy of bonded warehouse registration	§ A copy of the bonded warehouse registration certificate issued by Maldives Customs Service
4	Copy of registration certificate	§ Copy of registration certificate of business.
5	Re-export agreement (if applicable)	§ Copy of the re-export agreement, if applicant is applying for permanent re-export license. § A re-export agreement is not required for temporary re-export licenses.

How do I apply for the service?

Day 1:

1. Lodge application for re-export license at counter.

2. If any information is missing, provide the required information.

* If license cannot be approved, Ministry will inform you of the issue and instruct for amendment as applicable.

3. If approved, receive original of re-export license and sign form as proof of receipt.

What would I receive at the end of the process?

§ Original re-export license

Did you know:

§ You must have a registered at the Ministry of Economic Development.

§ You must have a valid re-export agreement registered with the Ministry (in case of permanent re-export licenses).

§ You must have a copy of the invoice for items to be re-exported, officially endorsed and stamped by Maldives Customs Service.

§ You must have a copy of the bonded warehouse registration certificate issued by Maldives Customs Service

§ For all application types, ensure that any items prohibited by the Maldivian law, or allowed only with special permit are not included in list of items for export.

§ If you have to obtain clearances/permits from other relevant Ministries, ensure that any additional documents that should accompany the permit are also submitted along with the application.

§ If you wish to export items that have been imported to the Maldives for which they have paid import duty, the export license issued should state this.

§ The total value of estimated exports will be rounded off to the nearest 100.

§ A minimum of MVR 100 is required as total value of estimated exports in an year (CIF value) per export license.

Ministry ofEconomic Development Republic of Maldives

BUSINESS SERVICE

Ministry of Economic Development