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Relevent
laws
Below is a brief summary
of the major legislation on trade and investment in the Maldives.
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Foreign Investment is governed
by Law 25/79.
Provides for an agreement between
the government and investor. Sets out terms and conditions and manner of
implementation. Also provides terms of investment and investment
guarantee.
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Law governing formation of
public companies, Law no: 23/72.
Provides for the formation of
public companies which can advertise and sell shares to the public.
(Now being revised)
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Law of Contract. Law No 4/91
Governs contractual relationships
in the Maldives.
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Law governing business conducted
by foreign nationals Law no. 4/79.
Covers business activities pertaining
to commerce.
Other Laws Concerning
Businesses
- Law on Registration of
Companies, Law no: 25/82 (Being revised).
- Law on Tourism, Law no:
15/79
- Amendment to Tourism Law,
Law no: 11/80
- Manufacture of goods prohibited
for importation, Bill no: 6/82,
- Law relating to Importation
of Medicine/ Drugs, Law no: 75/78,
- Law relating to Exports
& Imports, Law no: 31/79,
- Amendments to Law
no: 31/79 (on export-import), Law no: 33/79,
- Prohibited Imports,
Bill no: 4/75
- Prohibited Imports,
Bill no: 1/77,
- Prohibited Imports,
Bill no: 11/77, |
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