Maldives targets April launch of investor residence visa
These include plans to extend the current 30-day visa on arrival and introduce a remote working visa and a visa category for content creators.
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Minister of Economic Development and Trade Mohamed Saeed has stated that legal work is underway to introduce a ‘Pearl Residence Visa’ for investors in the Maldives, with plans to launch the scheme next month.
He made the remarks on Tuesday during a press conference.
The government signed a service agreement with Henley & Partners to implement a Residence by Investment programme at the Maldives-Singapore Business Forum held in Singapore last July.
Saeed said the government is working with the Attorney General’s Office to finalise the legal framework required for the visa scheme.
“We are working with Henley & Partners, which operates in multiple countries and has an established network,” he said.
He added that the programme is expected to position the Maldives within the firm’s global network.
Saeed said the initiative forms part of efforts to diversify the economy and expand long-term stay options.
He noted that the government is also working to introduce additional visa categories to extend the stay of visitors.
These include plans to extend the current 30-day visa on arrival and introduce a remote working visa and a visa category for content creators.
Minister of Tourism and Environment Thoriq Ibrahim has also stated that these measures are being considered as part of efforts to address the impact on tourism linked to the situation in the Middle East.
