Maldives Government Unlocks Untapped Atolls for Sustainable Tourism and Foreign Participation 📍 Malé, Maldives – July 6, 2025 The Government of the Maldives has unveiled a new initiative to issue 50-year resort leases for properties in underdeveloped atolls, aiming to attract long-term tourism investment and unlock new frontiers in [...]
Sri Lanka will implement an 18% Value Added Tax (VAT) on digital services provided by foreign companies to Sri Lankan consumers starting October 1, 2025. This regulation, enacted under the VAT (Amendment) Act No. 4 of 2025 and detailed in Gazette Notification No. 2443/30, marks a major policy shift aimed [...]
Barceló Nasandhura Malé, Maldives – May 12, 2025 The Maldives has officially launched its most comprehensive national digital transformation plan to date, as the Maldives 2.0 Digital Transformation Summit concluded with the formal presentation of the National Digital Commitment to President Dr. Mohamed Muizzu. This bold initiative marks a turning [...]
Malé, May 2025 – In a bold strategic pivot to diversify its economy and emerge as a premier financial hub in the Indian Ocean, the Government of the Maldives, in partnership with MBS Global Investments, has announced the development of the Maldives International Financial Centre (MIFC) — a landmark $8.8 [...]
The Maldives tourism sector has recorded an impressive 7.6% increase in tourist arrivals during the first quarter of 2025 compared to the same period last year, according to the latest data released by the Ministry of Tourism. Between January and March 2025, over 634,000 tourists visited the island nation, reflecting [...]
As renewed trade tensions rise under former U.S. President Donald Trump’s proposed tariff agenda, Dubai’s free zones are emerging as a strategic refuge for global businesses seeking neutrality, stability, and unfettered access to international markets. Trump’s latest statements hint at sweeping import tariffs—10% across the board, and even higher levies [...]
The United Arab Emirates has announced a major update to its corporate tax framework through Cabinet Decision No. 34 of 2025, reinforcing its commitment to attracting global investors and fostering economic development. The newly introduced provisions provide favorable tax treatment for investors operating through Qualifying Investment Funds (QIFs), creating new [...]
With President Trump reintroducing reciprocal tariffs, global business leaders must reassess their export strategies and supply chains to stay ahead. What Are Reciprocal Tariffs? President Trump’s re-election has brought tariffs — particularly reciprocal tariffs — back to center stage in international trade. His policy is straightforward: If another country charges [...]
Dubai, UAE – March 2025 – In a strategic move to enhance Dubai’s economic integration and business flexibility, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has issued Executive Council Resolution No. (11) of 2025. This new regulation permits companies licensed in Dubai’s free [...]
Male, Maldives – March 2025 | The Maldives Monetary Authority (MMA) has released its Statement of Financial Position for February 2025, revealing stronger foreign currency reserves and an expansion in total assets, reinforcing the country’s financial stability. Foreign Currency Assets Show Significant Growth The report highlights a surge in foreign [...]