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Get to Know About Maldives
The Maldives is a small country-island in South Asia, located in the Arabian Sea of the Indian Ocean. It covers a land area of 298 square kilometers with a population of about 392,473 Maldivian. The capital is Malé and its citizens speak English and Dhivehi languages. The religion of its people is Islam and use Maldivian rufiyaa as their medium of exchange when buying goods and services. Just like other tropical countries, Maldives has two seasons: dry and rainy seasons.
The Gross Domestic Product (GDP) in the Maldives is worth 5.749 billion US dollars and its GDP per capita is $15,463. The Corporate Tax Rate in the country stands at 30.20 percent, which frowns most of its companies and business owners but is still manageable. Moreover, fishing and tourism are the two dominant economic activities in the country.
Doing business in Maldives requires more effort as according to the latest annual ratings of World Bank, Maldives is ranked 139 among 190 economies in the ease of doing business. A thirty-day free visa is issued on arrival for all nationalities thus, no pre-arrival visa is required at all. As for immigration purposes, you have to obtain necessary permits and licenses to work, live and do business legally in the country.
The challenges in the Maldives include the lack of skilled labor, issues with logistics and transportation (because of its geographic constraints), and the fact that it is an island itself (especially if you’re afraid of being in an isolated island). But still, if you’re fond of beautiful beaches and seaside resorts, the Maldives is one of the best places you should visit and experience.