Premier Chambers has been ranked as Band 1 for General Business Law in Maldives by Chambers Global 2026. Thank you to our clients and team and Congratulations to our lawyers Shaaheen Hameed, Hassan Maaz Shareef & Mohamed Azmee on your rankings!
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Premier Chambers has been ranked as Band 1 for General Business Law in Maldives by Chambers Global 2026. Thank you to our clients and team and Congratulations to our lawyers Shaaheen Hameed, Hassan Maaz Shareef & Mohamed Azmee on your rankings!
#premierchambers
As we enter 2026, we extend our sincere appreciation for your continued trust and partnership. We wish you a year marked by progress and enduring success.
Happy New Year from all of us at Premier Chambers β¨
This framework defines the process for obtaining investment licenses, the rights and obligations of investors, and the incentives available to encourage foreign direct investment.
Read more: https://t.co/k0jzH6RHz9
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A guide to the Foreign Investment Act in the Maldives, outlining key regulations, investment categories, eligibility criteria, and compliance requirements for foreign investors.
Important tax update for tourism sector businesses.
From 1st July 2025, the Tourism Goods and Services Tax (TGST) rate will increase to 17%.
Read more: https://t.co/69I8LBzChq
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This guide outlines who must collect service charges, reporting obligations, documentation requirements, and penalties for non-compliance.
Read more: https://t.co/kr9WAsK2y5
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On this blessed occasion of Eid al-Adha, Premier Chambers sends heartfelt wishes for peace, joy, and prosperity to you and your loved ones. May your sacrifices be accepted and your hopes renewed in the year ahead.
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Huge congratulations to our colleague, Mohamed Azmee. A well-deserved recognition of his dedication to the legal profession.
We are confident he will make valuable contributions to advancing the legal fraternity. Wishing him every success as he takes on this new role!
MIRA has released guidance addressing the tax implications of directorsβ current account transactions. Key highlights include:
1. Debit balances in current accounts are treated as loans or advances and deemed to generate taxable interest unless they meet exemption criteria.
2. Personal expenses paid by the company are taxable unless they are formally repayable by the director.
3. Waiver of loans or advances is treated as a direct financial benefit and must be included in the directorβs remuneration for tax purposes.