Government partners on Residence by Investment Program

The Government has signed a partnership agreement with UK's Henley & Partners to develop a Residence by Investment program - the first of its kind in the Maldives.

The program aims to offer investors long term residence in the Maldives by 2040.

"The Maldives has long been a world-class destination for travelers. With this program, we aim to extend that legacy to discerning global investors who see value in our people, our potential, our future. This partnership with Henley & Partners reflects our confidence in aligning with reputable global players to achieve economic diversification and national resilience under President Dr Mohamed Muizzu's visionary leadership and Vision 2040 targets," Minister of Economic Development and Trade Mohamed Saeed said at the margins of the signing ceremony.

Philippe Amarante, Managing Partner and Head of Government Advisory EMEA at Henley & Partners said that this new investment migration program will capitalize on Maldives' world class real estate offerings.

"The residence by investment program will provide state of the art properties with the utmost privacy and exclusivity. As a safe, stable, and peaceful island nation, the Maldives presents the ultimate hedge against geopolitical conflict or global pandemics, offering an unparalleled lifestyle and security to high networth individual investors and their families," he said.

The ministry said that the program will serve as a driver of sustained economic growth, job creation and broad socioeconomic benefits for Maldives.

Henley & Partners will work with the Maldives' government to build an investor visa framework.

Henley & Partners is the world's leading international investment migration advisory firm. It has raised over USD 15 billion in foreign direct investment through its worldwide government advisory practice.