Private limited company

Private company Pvt. Ltd.Maldives

What it takes to form, own and run a private limited company in Maldives, and how its profit is taxed. Each figure links to the page it was read from.

This company type

At a glance

Owners' liability

Limited to what the owners put in

Officialtrade.gov.mvRead 15 Oct 2026

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ޒިންމާވާންޖެހޭނީ ... ހިއްސާގެ އަގުގެ ތެރެއިން

Owners

At least 1 · at most 50 · a company may be one

Officialtrade.gov.mvRead 15 Oct 2026

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ކުންފުނީގެ މެންބަރުންގެ ގޮތުގައި މަދުވެގެން ‪( 1‬އެކެއް) ... މެންބަރުން‬ ‫ގިނަނުވާނެހެން‬ ‫އަށްވުރެ‬ ‫(ފަންސާސް)‬ ‫‪50

Directors

At least 1 · one must live there · individuals only

Officialtrade.gov.mvRead 15 Oct 2026

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ޕްރައިވެޓް‬ ‫ކޮންމެ ... މަދުވެގެން ‪( 1‬އެކެއް) ޑިރެކްޓަރަކު ހުންނަންވާނެއެވެ

Minimum capital

Not stated

The registry’s and the law’s own pages do not mention it.

Formation fee

MVR 2,000

Officialtrade.gov.mvRead 15 Oct 2026

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2,000/-‬‬ ‫ކުންފުނި ރަޖިސްޓަރީ ފީ‪ :‬ޕްރައިވެޓް ކުންފުނި

Tax on profit

Varies · 0–15%3 special regimes may apply

Officialmira.gov.mvRead 15 Oct 2026

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Not exceeding MVR 500,000 0% More than MVR 500,000 15%

Resident director needed: Yes

Form it

Who registers it

Registry: Registrar of Companies, Ministry of Economic Development and Trade
Formed without visiting: Not stated
The registry’s and the law’s own pages do not mention it.
Formed online: Not stated
The registry’s and the law’s own pages do not mention it.

What it takes to form

A notary: Not stated
The registry’s and the law’s own pages do not mention it.
A resident director: Required
Paying up the capital: Not in our records

Own it

Who may own and run it

Directors: At least 1 · one must live there · individuals only
Official trade.gov.mv read 15 Oct 2026
Quote
ޕްރައިވެޓް‬ ‫ކޮންމެ ... މަދުވެގެން ‪( 1‬އެކެއް) ޑިރެކްޓަރަކު ހުންނަންވާނެއެވެ
Shareholders: At least 1 · at most 50 · a company may be one
Official trade.gov.mv read 15 Oct 2026
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ކުންފުނީގެ މެންބަރުންގެ ގޮތުގައި މަދުވެގެން ‪( 1‬އެކެއް) ... މެންބަރުން‬ ‫ގިނަނުވާނެހެން‬ ‫އަށްވުރެ‬ ‫(ފަންސާސް)‬ ‫‪50
Members: At least 1 · at most 50 · one person may form it alone
Official trade.gov.mv read 15 Oct 2026
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ކުންފުނީގެ މެންބަރުންގެ ގޮތުގައި މަދުވެގެން ‪( 1‬އެކެއް) ... މެންބަރުން‬ ‫ގިނަނުވާނެހެން‬ ‫އަށްވުރެ‬ ‫(ފަންސާސް)‬ ‫‪50
A local company secretary: Not required
Official trade.gov.mv read 15 Oct 2026
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ޕްރައިވެޓް ކުންފުންޏެއް ނޫން ކޮންމެ ކުންފުންޏެއްގައި ... ސެކްރެޓަރީއެއް ހުންނަންވާނެއެވެ
A local registered agent: Not required
Official trade.gov.mv read 22 Oct 2026
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ރަޖިސްޓަރީކޮށްފައިވާ ދިވެހިރާއްޖޭގެ އެޑްރެހެއް އޮންނަންވާނެއެވެ

Each year, at the registry

Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Pvt. Ltd..

Important dates

When each obligation falls due, as the authority states it.

Not in our records No dates for the Pvt. Ltd. are in our records.

What is public

Directors: Public
Official trade.gov.mv read 15 Oct 2026
Quote
އެއްވެސް އަގެއް ނެގުމަކާ ... ކުންފުނީގެ މެންބަރުންގެ ނަން‪ ،‬ދާއިމީ އެޑްރެސް ... ކުންފުނީގެ ޑިރެކްޓަރުންނާއި މެނޭޖިންގ ޑިރެކްޓަރުގެ ނަން
Shareholders: Public
Official trade.gov.mv read 15 Oct 2026
Quote
އެއްވެސް އަގެއް ނެގުމަކާ ... ކުންފުނީގެ މެންބަރުންގެ ނަން‪ ،‬ދާއިމީ އެޑްރެސް ... ކުންފުނީގެ ޑިރެކްޓަރުންނާއި މެނޭޖިންގ ޑިރެކްޓަރުގެ ނަން

Tax

Tax on profit

How this company type is taxed, which can differ from its place’s headline rate.

Varies · 0–15%+3 regimes

Companies are taxed at 0% on taxable income not exceeding MVR 500,000 in an accounting period and 15% on income above that (Income Tax Act, Law 25/2019, as MIRA states); the rate table is stated as not applicable to banks.

Official mira.gov.mv read 15 Oct 2026

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Not exceeding MVR 500,000 0% More than MVR 500,000 15%

Work it out on a profit figure: the company’s tax, the owner’s, and what is left.

Special regimes that may apply

Incentives Available to Zones (Schedule 1, read with section 23) free zone · 100% exempt
A developer of a zone, and any business project, service or investor inside a zone Special Economic Zones Act (Law No. 24/2014), section 23 and Schedule 1
Special concessions for a zone established for sustainable townships (section 70-2) free zone · 5%
A zone established under section 20(i) of the Act, and its developer and investors Special Economic Zones Act (Law No. 24/2014), section 70-2
Gross-basis charge on income of non-resident airlines and shipping operators (S.11(r) income) other · 2%
A non-resident shipping or aircraft operator in international transportation that has a permanent establishment in the Maldives Income Tax Act (Law No. 25/2019), section 11(r), as applied by the Maldives Inland Revenue Authority

Whether a company qualifies depends on its activity and conditions set in each statute.

CFC rules in Maldives: Not in our records

Close it

Closing it

The other end, which most guides leave out.

Route: Wound up in one of three ways: the company's own decision (board resolution confirmed by a special resolution of members), a court order, or a decision of the Registrar (Act 7/2023 s.195-196).
Official trade.gov.mv read 15 Oct 2026
Quote
ކުންފުންޏެއް އުވާލުމަށް އެ ކުންފުންޏަކުން ކަނޑައެޅުން؛ ނުވަތަ ... ކުންފުންޏެއް އުވާލުމަށް ކޯޓުން އަމުރުކުރުން؛ ނުވަތަ ... ކުންފުންޏެއް އުވާލުމަށް ރަޖިސްޓްރާރ ކަނޑައެޅުން
Statutory fee: Not in our records

Every business in Maldives

VAT

Standard rate: Not in our records
The tax authority’s pages have not been read for Maldives.

Payment and banking services

None of the services whose lists we hold names Maldives. Each provider, and what a listing means.

Reference

Its name and code

Kind: Private limited company
Derived our grouping, the same words in every country
Name in law: Private company (Pvt. Ltd.)
Identifier: MV-PRIVATE-COMPANY
A form ISO 20275 does not list.