Starting a business in the Maldives

Legal Forms of Companies

Private Limited Company (Ltd)

Number of partners: minimum two, maximum 50
Capital (max/min): MVR 2,000
Shareholders and liability: limited to the shares

Private Limited Company (Ptd)

Number of partners: minimum ten
Capital (max/min): MVR 1,000,000
Shareholders and liability: limited to the shares

Partnership

Number of partners: minimum two, maximum 20
Capital (max/min): no minumum capital required
Shareholders and liability: All the partners shall be jointly and severally liable for all the debts and other liabilities of the partnership incurred during the time they are partners of the partnership

Sole proprietorship

Number of partners: one
Capital (max/min): no minumum capital required
Shareholders and liability: unlimited liability

Business Setup Procedures

Source: Doing Business - Latest available data.