Cash Declaration Limit Changed

The Maldives Monetary Authority, on 17 January 2019, published the first amendment to the Regulation on Cross Border Currency Declaration Amount. The changes introduced now require passengers travelling with USD 20,000 or more, and are travelling…

Regulation on Employing Expatriates in the Maldives

On 12 August 2020, the Regulation on Employing Expatriates in the Maldives was published which provides for procedures to be followed by Employers, representatives and persons providing accommodation to expatriate workers.

Supreme Court Judgement: Bunny Holdings (BVI) v MIRA

An appeal where the Supreme Court considered whether a procedural decision already appealed, can be re-appealed by including the procedural decision as an appeal point when appealing the decision on substantial issues of a case

First Amendment to the Legal Profession Act

On 5 August 2020, the First Amendment to the Legal Profession Act was published, which provides that law graduates that complete a one month long training program and meet other conditions stipulated in the Act will be eligible to be sworn in and admitted to the Bar.

Supreme Court Judgement: Abdul Majeed v Male' City Council

On 15 July 2020, the Supreme Court of Maldives gave its judgment in the case of Abdul Majeed v Male' City Council, which originated from a contractual dispute over a plot of land for which the Appellant submitted the winning bid. The Court agreed with the High Court's decision that the land plot is not required to be handed over to the Appellant as a contract has not formed between the parties.

Webinar on Tax Law in Practice

The webinar is aimed at helping legal and accounting practitioners as well as students looking to improve their understanding of tax law with a business and practical perspective. It will be held on 20 September 2020, at 9:00 pm.