Legal and Procedural Aspect 

The source of law in the Maldives is based on constitution and on the Islamic Sharia’.  

Bills passed by the Citizens Majlis (the Parliament) become law after ratification by the President. The President is also empowered by the Constitution to legislate by decree.  

Judicial matters are referred to Courts in Male’ or in other inhabited islands, presided over by Magistrates.  

The High Court of Justice headed by the Chief Justice, is the highest court of the Maldives. There is also the right of appeal to the President in the event of dissatisfaction with the decision of the High Court. A number of lawyers trained overseas, now offer their services to the business sector. 

Relevent laws 

Below is a brief summary of the major legislation on trade and investment in the Maldives.  

Provides for an agreement between the government and investor. Sets out terms and conditions and manner of implementation. Also provides  terms of investment and investment guarantee.  
   Provides for the formation of public companies  which can advertise and sell shares to the public. (Now being revised)  
   Governs contractual relationships in the Maldives.  
   Covers business activities pertaining to commerce.  
  

Other Laws Concerning Businesses  
- Law on Registration of Companies, Law no: 25/82 (Being revised).  
- Law on Tourism, Law no: 15/79  
- Amendment to Tourism Law, Law no: 11/80  
- Manufacture of goods prohibited for importation, Bill no: 6/82,  
- Law relating to Importation of Medicine/ Drugs,  Law no:  75/78,  
- Law relating to Exports & Imports, Law no: 31/79,  
- Amendments to  Law no: 31/79 (on export-import),  Law no: 33/79,  
- Prohibited Imports,  Bill no: 4/75  
- Prohibited Imports,  Bill no: 1/77,  
- Prohibited Imports,  Bill no: 11/77, 

Source: FISB Maldives