Islands For Sale in 90, 28
Islands for Sale in the Maldives
Strewn across the Indian Ocean like a handful of shimmering pearls, the 26 atolls of the Maldives host more than a thousand perfect tropical islets. Some of the most photogenic islands in the world, their perfect sandy beaches and fantastic tropical climate have made the Maldives one of the most sought-after locations for tourism developments. Home to many private island resorts favoured by top celebrities, few regions rival the country’s prestige. Correspondingly, private islands are exceedingly rare on the market, and mainly available to companies interested in developments that will help grow this small country’s economy and create new employment opportunities for citizens. But recent changes to foreign ownership laws means foreign investors can now own property (albeit to a limited degree). As the laws become more solidified new opportunities and information will become available.
Maldives Foreign Ownership Info
Islands in the Maldives used to only be available exclusively on a leasehold basis, typically about 25 years in duration, but laws to foreign ownership are in the process of being relaxed. Significant contributions to the country’s economy are required for individuals or foreign-owned corporations wishing to obtain an island’s lease, and common industries are travel and tourism, mariculture, and fishing and fish processing.
Joint-ventures with Maldivian companies are strongly encouraged by the government, and involvement in projects with Maldivian-owned industries and properties are a common method of investment for foreign nationals. With minimal taxation and many opportunities for profit, the Maldives is an excellent choice for an exotic business venture.