The government has clarified key land-leasing terms under the Eagle Hills Rasmale' real estate project:
🔹 No Automatic Lease Renewals: Lease agreements will strictly not include auto-renewal clauses upon expiration.
🔹 Zero Foreign Land Ownership.
🔗 : https://t.co/lKBazP4zbn
The following is what Rasmale deal brings to the Maldives.
🔹No automatic lease reset
🔹No freehold
🔹No duty or tax exemptions
🔹10% revenue share worth 3 Billion
🔹4% from every lease renewal
🔹18% Tgst
🔹Green Tax
🔹Income Tax
🔹Entire proceeds banked in Maldives
🔹Billions in Annual tourism revenue
🔹2 million tourist arrivals
🔹Billions of dollars to the economy
Opposition wants to stop all this with a pathetic excuse straight out of a fairytale.
#BuildRasMale
#RasMaleFacts
#EagleHillsForMaldives
#DhivehingeRasMale
https://t.co/W1OBadcyfY