Maldives - Register as Sole Proprietorship

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Procedure

1. To register as Sole Proprietorship in Maldives, the applicant has to contact the Ministry of Economic Development.
2. The application can be made in-person or through on-line.
3. While submitting the application form, please make sure you have attached all the appropriate documents that are listed under the Required Documents section of this page.
4. After successful completion of registration of a company, the applicant will be provided with the following documents : Certificate, Registration Letter, Endorsed Memorandum and Article of Association and Payment Receipt.
   
   

More information and application forms

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Required Documents

• Completed Sole Trader Registration Application Form
• Comlpeted Name Search Approval Form
• National Identification Card Copies
• Taxpayer Registration Form

Office Locations & Contacts

Ministry of Economic Development
Boduthakurufaanu Magu, Male 20125
Republic of Maldives
Phone: +960 3323668
Fax: +960 3323840
Call Center : 1691
Email: [email protected]
Website

Eligibility

Provide eligibility criteria's for going through this procedure.

Fees

Registration fee: MVR 500

Validity

5 years.

Documents to Use

Application forms to be used : Application forms

Sample Documents

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Processing Time

Two days.

Related Videos

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	

Instructions

• You need to get the business name approved by the Registrar of Companies prior to registration.
• You must not already have a Sole Proprietorship registered under your name.
• You must be a Maldivian individual above 18 years of age.
• Payment by cheque is acceptable only with bank guarantees.

Required Information

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.

Need for the Document

This procedure provides you information related to registering a Sole Proprietorship in Maldives.

Information which might help

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Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Information on Sole Proprietorship

Others

More information which might help people.