Doing Business in the Maldives
The fortunes of the Maldives – a country strategically situated in the middle of the Indian Ocean along key east-west trade routes – have always been closely intertwined with international commerce. The first documented contact between the Maldives and the outside world occurred in the mid-10th Century when Arab and Persian traders began visiting the islands, attracted by the abundance of pearls, spices, coconuts, dried fish and, in particular, cowry shells (which were accepted currency from Africa to China until the sixteenth Century).
In modern times, trade has lost none of its importance to the Maldives. The country continues to be an important port-of-call for ships transporting goods between Europe, the Middle East and the Far East, and commerce continues to drive the economy, with tourism (the tourism sector consistently contributes over 33% of national GDP) and trade in marine products (the fisheries sector is the largest export sector in the Maldives and the biggest single source of employment) leading the way.
If you have any enquiry about doing business in the Maldives, please contact us.