Maldives is a paradise for investors: Abbas

Press Secretary Abbas Adil Riza has said that the Maldives still remains a paradise for investors and it is from the main goals of President Dr. Mohamed Waheed to preserve this status of the country to the current investors and also to potential future investors.

Abbas said that Maldives is also an income tax and corporate tax haven. “With the world economic crisis there is an effect on all investments. In this regard the President very well understands the burden for the investors if a large amount is taken as tax. President Dr. Waheed has made all policies easier on the investors,” he said.

Abbas also noted that the President has increased 50 percent of taking commercial benefits by building rooms and other establishments in the resorts without additional rent charges.

He said that earlier investors can build rooms and other establishments only on 20 percent of the land. This 50 percent is granted to the investors without taking any land tax or any other tax. This is an advantage for the investors granted by the President.