1st Amendment to Foreign Direct Investment Policy

This amendment sets the foreign shareholding requirement at 100% for specified Class H3 air transport-related activities and sets a minimum foreign investment of US$5,000,000, with Government approval and a duration of up to 50 years.

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Jurisdiction: Maldives
Instrument: Act or statute
Version: Undated source snapshot
Language: dv
Official source: View official record ↗

Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.

air transport services airport services foreign investment policy

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1st Amendment to Foreign Direct Investment Policy
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AI-assisted research summary: This amendment sets the foreign shareholding requirement at 100% for specified Class H3 air transport-related activities and sets a minimum foreign investment of US$5,000,000, with Government approval and a duration of up to 50 years.

` ަތްއީދާއ 2021 ްނޖޫ 13 – 1442 ާދިޢަޤްލުޛ 3 :ުޚީރާތ 193 :ުދަދައ 50 :މް ުއިލޮވ 1st Amendment to Foreign Direct Investment Policy ްސ ީފޮއ ެގާޔްއިރޫހްމުޖްލުސީއަރ • ިދެއ ްށަމުނިދްށޮކުޢިއާޝ ިއަގުޓެޒެގ ްއަތުލޫސުއ ިއާކަތުދިއާވަގ ުގ ަމުނާފުރުކަތުޑޮބ . ެވެށައ legalaffairs@po.gov.mv ީނާވްއުނޮފ ެޖްއާރިހެވިދ ،ެލާމ 3336211 :ުނޯފ 7242885 :ްލިއަބޯމ www.gazette.gov.mv :ްޓިއަސްބެވ ްޓ ެޒެގ ެގުރާކުރަސ ިހ ެވިދ 193 :ުދަދއަ 50 :ްމއު ިލޮވ ` Ministry of Economic Development Male’, Republic of Maldives 1st Amendment to Foreign Direct Investment Policy 1. The Foreign Direct Investment Policy, Annex I, Class Code H3 is hereby amended and restated as follows: Class Class Details Maximum Minimum Maximum Entry Route Code percentage of initial duration of Foreign investment Foreign Shareholding requirement Investment for 5 years Agreement in US$ H3 Air transport services (excluding 100% 5,000,000 Up to 50 years Government freight services) Approval H3 (1) Services incidental to air 100% 5,000,000 Up to 50 years Government transportation Approval - operation and management of airports (including terminal facilities such as airway terminals etc.) - airport and air-traffic-control activities - ground service activities on airfields etc. 2. This amendment shall become effective on the date of publication in the Government Gazette. _____________________ 1

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1st Amendment to Foreign Direct Investment Policy

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