Of all the countries that come to mind when thinking of international business, the Maldives is definitely not one of them. However, there are a plethora of opportunities here, most related to the booming tourism industry, and the Maldives also offers some interesting offshore business opportunities and enticing tax incentives.
Doing Business in the Maldives: A Commercial Guide
Maldives Business Overview
The principal business industries in the Maldives are tourism and fishing. There are other key business sectors in the Maldives, including construction, telecommunications, distribution, shipping, banking and aviation, which are all in place here as a support mechanism to the fishing and tourism industries.
Maldives Business Statistics
Maldives GDP: USD $3,000 per capita (this is the highest GDP in South Asia.
Maldives GDP Growth: 7.5 % average during the 1990′s.
Annual Maldives Imports: USD $800 million. Imports to the Maldives include a wide range of items, from food to hospitality supplies.
Maldives Business Environment
The Maldives business climate was seriously affected by the 2006 tsunami. Thanks to an increase in tourism, however, the islands recovered quickly. The capital of the Maldives, Male, is very much the commercial hub of this island nation, and all imports and exports to and from the Maldives pass through Male.