• International Financial Centre

  • International Financial Centre

  • International Financial Centre

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The Maldives is interested in inviting investment in setting up an international finance center under the name of the Maldives International Finance Center (MIFC) to cater to the domestic market well as the appetite for finance in the region and elsewhere.

Situated overseeing clear blue waters, in the lucrative water-front zone of Hulhumale’ Youth City, MIFC will provide superior corporate office spaces for international financial service providers to set up their headquarters and capitalize on business to the fast-growing economies in the region.

Furthermore, given promising growth in the local tourism industry, the domestic market itself is a considerable consumer of financial services and will present attractive market prospects.

Proposed location of MIFC is connected by road to the main international airport as well as the capital city, Male, where majority of the businesses are present.

PROPOSED SERVICES

MIFC will house large corporations and institutions that provide the following services:

  • International Banking
  • Headquarter Services
  • Foreign Direct Investment
  • Structured Finance
  • Insurance
  • Collective Investment Schemes
  • Other services

Developer also have the flexibility to incorporate complementary developments such as residential apartments, cafés and restaurants, high end hotels as well as entertainment related facilities to create an alluring work and live environment for the financial service providers that will be present in MIFC.

ATTRACTIVE INCENTIVES

MIFC will have the advantage of being a Special Economic Zone (SEZ) as provided in the Special Economic Zones Act 2014 which means it will be entitled to tax and regulatory incentives:

  • Exemption from Business Profit Tax
  • Exemption from Import Duties
  • Exemption from GST
  • Flexible employment of expatriates

Project Details

Additional information regarding this project.

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Government is flexible to discuss additional incentives, and legal structures that will be most suited for the array of financial services that will be provided from MIFC.

Dev. Model:

Long-term concession with SEZ benefits

OPEN

Project Status

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