MVR 4b in resort lease rent penalties waived
A 2020 amendment to resort development regulations has resulted in the waiving of approximately MVR 4 billion in fines for non-payment of rent after the construction period’s expiration on leased islands designated for resort development. The amendment, which took effect in December 2020, reduced the penalty for non-payment of rent from 0.5% to 0.0493% for […]
Permit fee for foreign cruise ships raised to $1,000
The Ministry of Tourism has announced an increase in the cruise permit fee for large foreign tourist vessels, which has been raised to USD 1,000 from the previous charge of USD 324. According to the latest amendment to the Regulation Governing Foreign Tourist Vessels Cruising and Harbouring in Maldivian Waters, foreign tourist vessels are now […]
Tourist arrivals fall 4.4 per cent in October
Tourist arrivals totalled 105,498 in October 2015, 4.4 per cent less than the arrivals for the same period last year, figures released by the Ministry of Tourism reveal.
