Sole proprietorship (individual business)Maldives
What it takes to form, own and run a sole trader in Maldives, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
500/- އަމިއްލަ ވިޔަފާރިއެއް އަލަށް ރަޖިސްޓަރީކޮށްދިނުމުގެ ފީ
Form it
Who registers it
- Registry
- 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
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Sole proprietorship (individual business).
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · at most 1 · one person may form it alone
Quote
ވިޔަފާރިއެއް ހިންގަން އެދޭ އަމިއްލަ ފަރުދަކު
- A local company secretary
- Does not apply
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
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 Sole proprietorship (individual business).
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Sole proprietorship (individual business) are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Sole proprietorship (individual business).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Not in our records
How this type is taxed is not in our records. A partnership or sole trader is often taxed through its owners; incp.pro does not assume it.
- CFC rules in Maldives
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Sole proprietorship (individual business).
Every business in Maldives
VAT
- Standard rate
- Not in our recordsThe 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
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Sole proprietorship (individual business)
- Identifier
- MV-SOLE-PROPRIETORSHIPA form ISO 20275 does not list.