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Maldivian rufiyaa (.ރ, /-, Rf, MRf, MVR)



Dhivehi, English


UTC + 5:00

Maldives is a small island country in the Indian Ocean. Maldives is a rising middle-income country; its economy is largely driven by tourism and fishing industries. Diversification of the economy is ongoing, as the country works towards increasing employment opportunities in sectors outside of tourism and fishing. Maldives attracts foreign investors especially through its low corporate tax rate and stable political condition.

How to build a team in Maldives

Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Maldives. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.

Global payroll solutions make it easy to find and hire top talent in Maldives. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.

Compliance risk

Risk of misclassification

Maldives’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.

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