This edition of the PC Law Bulletin highlights key legal and regulatory updates in the Maldives, including:
- Water and Sewerage Act – Establishing nationwide standards for safe drinking water and sewerage systems, including new compliance requirements for tourist resorts and industrial zones.
- Regulation on Licensing of Water & Sewerage Systems – Tourist resorts must obtain a utility service license from the Utility Regulatory Authority (URA), with compliance deadlines set for May 2024.
- New Regulation on Sole Proprietorships – Outlining registration rules, compliance requirements, and penalties for violations, including prohibitions on foreign ownership through proxies. Second Amendment to the Spa Regulation – Ministry of Economic Development (MED) now solely regulates spa businesses, removing city and island councils’ authority over spa operations.
- Upcoming Tax Deadlines – Key submission and payment deadlines for GST, Green Tax, Income Tax, and Withholding Tax from June-July 2023.
For full details, download the complete bulletin below:
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