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Maldives to Introduce New Special Economic Zones and Incentives

|Proposed Changes|Maldives
Maldives

On 9 June 2014, a bill was submitted to Maldives parliament that introduces nine types of special economic zones and related tax incentives. The zones include:

  • Industrial estates
  • Export processing zones
  • Free trade zones
  • Enterprise zones
  • Free ports
  • Single factory export processing zones
  • Offshore banking units
  • Offshore financial services centers
  • High-tech parks

Incentives for special economic zone developers and investors include:

  • Capital goods import duty relief
  • Business profit tax relief
  • U…

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