A corporate resident residence permit is suitable for suitable investors who want to stay in the Maldives for a longer period of time.

Who is eligible to apply?

• A shareholder or director, partner or senior management officer of an existing foreign investment who doesn’t work in the Maldives or is not a family member of the relevant person listed here

• The applicant must ensure that they have invested 1,000,000 dollars USA in the last 3 financial years (as confirmed by the verified financial statements) and retained 50% of their local full-time employees.

• An investor who has a term deposit of 250,000 dollars USA over 5 years in a bank account in the Maldives.

• An investor who has invested 250,000 dollars USA in a business/project determined by the Government of the Maldives. 

What is the application processing time?

The standard time for obtaining a residence permit for a corporate resident is 14 days. 

How long is a residence permit granted for an investment?

The permit will be granted for 5 years. 

In case of any changes in your passport after issuing a corporate resident visa, you must notify the Ministry through the business portal within 7 days from the date of the change. If you wish to renew your residence permit, you must apply for renewal 90 days before the permit expires. 

What documents do I need to submit?

• Declaration. To fill out the application, you need to download the signed declaration page

• Copy of your passport. Color copy of the passport bio-data page. The passport remains valid for more than 6 months

• Face photo. A color photo that meets the photo requirements set by the Maldives Immigration Service

• Travel and health insurance. Travel and health insurance issued by a licensed insurance company or an insurance company licensed in the Republic of Maldives

• Investment source. A document identifying and confirming the source of the investment, such as a letter indicating that the entity meets the investment requirements on the basis of the applicant's audited financial statements or bank statement, or a letter from the Government of Maldives issued to the applicant, or other accompanying document

• Council decision. If the applicant is entitled to the position of senior management personnel, the resolution of the Council defines the management positions of the enterprise

• If the applicant requests to qualify for existing foreign investments, a declaration from the authorized director/manager confirming that the business continues to operate with 50% of local full-time employees

• A copy of the last entry stamp to the Maldives (if the applicant has previously been issued an entry visa to the Maldives).

What is the cost of the permit?

You must pay a fee of 15,000 MVR (Maldivian Rufiyaa).