This article provides a clear breakdown of the average creation and maintenance costs for a standard Private Limited Company (Pvt Ltd) in Maldives as of 2025. All figures are sourced directly from official Maldivian authorities and focus on the procedural fees and recurring financial requirements you can expect when registering and operating a company locally.
Private Limited Company Setup Costs in Maldives (2025)
Establishing a Private Limited Company (Pvt Ltd) in the Maldives involves several upfront expenses, with requirements for both minimum capital and mandatory government fees. The data below illustrates the main cost components in Maldivian Rufiyaa (MVR), along with a typical USD conversion for added reference (1 MVR ≈ 0.065 USD):
| Cost Item | Amount (MVR) | Amount (USD) |
|---|---|---|
| Minimum capital requirement | 2,000 MVR | $130 |
| Company registration fee (Registrar of Companies) | 1,000 MVR | $65 |
| Total Company Creation Cost | 3,000 MVR | $195 |
Both the minimum capital and the company registration fee must be satisfied to legally register a Pvt Ltd company. There are no hidden charges in the average figures provided above.
Annual Maintenance Costs for Private Limited Companies
Once your company is established, annual maintenance is required to stay compliant with local business regulations. These recurring costs typically range based on the need for professional services (such as accounting):
| Cost Item | Annual Amount (MVR) | Annual Amount (USD) |
|---|---|---|
| Annual renewal fee (Registrar of Companies) | 2,000 MVR | $130 |
| Mandatory accounting/auditing services (average) | 3,000 MVR | $195 |
| Total Annual Maintenance (range) | 2,000 – 5,000 MVR | $130 – $325 |
The lower end of this range reflects situations where a company may have minimal turnover or simplified bookkeeping, while the higher end includes professional accounting or audit services typically required for active business operations.
Summary Table: Typical Pvt Ltd Costs in Maldives (2025)
| Cost Type | Amount (MVR) | Amount (USD) |
|---|---|---|
| Company Formation (one-time) | 3,000 MVR | $195 |
| Annual Maintenance (range) | 2,000 – 5,000 MVR | $130 – $325 |
Official cost information has been drawn from the Maldivian authorities responsible for business registration and fiscal oversight. For the most authoritative updates, consult the following official resources:
Pro Tips: Efficient Company Setup in the Maldives
- Prepare both the minimum capital (2,000 MVR) and the registration fee in advance to avoid delays with the Registrar of Companies.
- Budget for mandatory annual renewal fees, as non-compliance can lead to penalties or deregistration.
- Consider engaging a local accounting professional early, especially if you expect significant business activity or foreign transactions, to ensure you fulfill annual auditing obligations efficiently.
- Maintain a clear record of all payments and documentation related to government filings for annual renewals.
Key Considerations for 2025
The Maldivian private company registration process for 2025 remains straightforward, with clear, reasonable fees compared to many jurisdictions. The primary cost impact comes from annual compliance—especially accounting and auditing fees for active businesses. Staying organized and well-advised on these requirements can mitigate compliance risks and streamline long-term operations. When planning your business’s financial structure in Maldives, factor in both creation and ongoing costs to ensure full regulatory compliance year after year.