The first amendment to the Companies Act (No. 07/2023) was ratified and came into effect on Wednesday, September 18th, 2024. Here are the key changes brought to the act.

The 13th amendment to the Tourism Act. recently passed by Parliament, focuses on extending the lease period of resorts and introduces changes to the associated fees. Here are the key highlights of the 13th Amendment to the Tourism Act.

President Dr. Mohamed Muizzu has ratified the new Foreign Investment Bill, replacing the 45-year-old Foreign Investment Act. This modernized law comprising 39 pages and 45 provisions.

The Government has proposed an amendment to the Tourism Act that focuses on lease extensions for islands leased for tourist resorts, potentially allowing lessees to extend their leases at a minimal fee.

Ministry of Tourism has announced a significant change to the rules regarding Construction Period extension fees for resort development projects in the Maldives.

The Occupational Safety and Health Act of 2024, recently ratified is a comprehensive legal framework designed to ensure the safety and well-being of employees in the workplace. It outlines the responsibilities of employers, work site managers, and employees themselves in maintaining a safe and healthy work environment.

The Industrial Relations Act, which was enacted in 2 January 2024 established a structured framework for organised labour and dispute resolution. The Act ensures a balanced approach to industrial relations by providing essential safeguards for employers, while also empowering workers to form unions and negotiate collectively.