President Solih ratifies leeway for resident visa

President Ibrahim Mohamed Solih, on Wednesday, ratified the amendments to the Immigration Act, which extends resident visa to foreigners that invest a certain amount of funds in Maldives.

According to the amendments passed by the Parliament with a majority vote cast by 52 members, shareholders and partners of businesses registered and operating in Maldives can henceforth acquire the corporate resident visa for themselves and their families, under a set of rules and regulations determined by the Registrar of Businesses.