This edition of the PC Law Bulletin highlights key legal and regulatory updates in the Maldives, including:
- Regulation on Extension of Construction Period for Tourist Establishments – New rules on construction period extensions, deferred rent and fines, and redevelopment closures for tourism projects.
- Amendments to the GST Regulation – The 29th Amendment introduces stricter rules on GST registration, output/input tax, and compliance requirements.
- Guidelines on Government Contract Disputes – Standardized out-of-court dispute resolution and compensation mechanisms for government project contracts between 2008-2022. Investment Opportunities in Tourism – New islands available for lease under the Tourism Cross Subsidy Regulation and Hulhumale’s Urban Isle project.
- Electronic Services via MED’s Business Portal – Businesses can now access registration documents and corporate information online via the Ministry of Economic Development’s portal. Upcoming Deadlines – Key dates for tourism lease extensions, tax filings, and government contract dispute applications in December 2022 & January 2023.
For full details, download the complete bulletin below:
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