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Regulation on Payment Services

The Regulation details the regulatory framework for the licensing and operation of payment services. while also introducing role and responsibilities of custodian banks.

National Payment System Act

The National Payment System Act which regulates the operation of payments systems, clearing systems, settlement systems and payment services.

Fourth Amendment to the Regulation on the Operation of Guesthouses

The Fourth Amendment to the Regulation on the Operation of Guesthouses was published on 30 December 2021, beginning a new chapter for Maldivian tourism sector. Under the Amendment, it is now permitted to establish homestay tourist guesthouses in residential…

Maldives Energy Act

The law introduces a new licensing regime to regulate the energy sector of Maldives and repeals the Utility Services Act

Establishment of a Minimum Wage

This Advisory summarises the imperative aspects of the Minimum Wage Order gazetted by the Ministry of Economic Development on 8 November 2021.