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

Registration and operations services

Small and Medium Enterprises (SMEs) Registration Logo Registration Partnerships Registration Seal Registration Shipping Mark Registration Sole Proprietorships Registration Trade Marks Registration Copyrights Registration Re-Export Registration Registration of Companies

Service:

Registration of small and medium enterprises (SMEs)

Why do I need to do this?

Follow this user guide if you need to register your business under any one of the three categories (micro, small or medium) defined in the SME Act.

Where can I apply for the service?

You can apply in person at MED

How long will the process take?

Next working day (Day 2) from date of application (Day 1)

What are the fees and charges involved?

None

Which documents do I need to submit?

	Document	Check for:
1	SME registration application form	§ All required fields filled correctly § All documents listed in the application form are submitted § Number of employees in enterprise § Estimated income receivable in an year § Signature of authorised person
2	Taxpayer registration form	§ Completed and signed taxpayer registration form of MIRA
3	Registration certificate copy	§ Copy of the business’s registration certificate
4	National Identification Card copy	§ Clear and complete NIC copies of authorised responsible person¹

¹Responsible person is determined by:

- The director’s Board if Applicant is a company;

- The partners, if Applicant is a partnership

- The steering committee/board, if Applicant is a cooperative society

- The owner, if Applicant is a sole proprietor

How do I apply for the service?

Day 1:

1. Lodge application at counter.

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

*If the application is in order, the Ministry will instruct to collect certificate the following day.

*If there are any issues with approval, Ministry will notify via phone and instruct to amend if applicable.

Day 2:

3. Collect original of the registration certificate from Ministry counter.

What would I receive at the end of the process?

§ Original registration certificate

§ SME Regulation

§ User guide on registration of companies

§ User guide on registration of partnerships

§ User guide on registration of cooperative societies

§ User guide on registration of sole proprietorships

Ministry ofEconomic Development Republic of Maldives

Registration and operations services

Ministry of Economic Development