Maldives LLC

The Maldives limited liability company can only be formed by foreigners with prior approval from the Maldives Government. While the minimum amount of paid-up capital of €15,000 is ten times less than the minimum level required for a SAM, this type of business entity is hence less frequently used by foreigners willing to do business from
Monaco. Foreign directors are also required to obtain authorization from the Government before their appointment is legally allowed.
Maldives Limited Liability Company Key Features

1. Can be formed by a minimum of two shareholders
2. Minimum capital of at least €15,000
3. The owners must also appoint a minimum of two directors
4. Maldives LLC are legally tax exempt provided that over 75% of their sales are made with Maldives residents
5. If otherwise, they are subject to Maldives corporate income tax, at a standard rate of 33.3%.

Maldives Limited Liability Company Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Maldives Company
Physical office in Maldives	No
Share capital or equivalent
Minimum paid up capital	€15,000
Minimum investors	None
Directors
Minimum number	2
Corporate directorship allowed	Yes
Local director required	Yes
Shareholders
Minimum number	1
Corporate shareholder allowed	Yes
Local shareholder required	No
Service Providers Required
Company Secretary	Yes
Auditors	Yes

Maldives LLC Tax Treatment
Maldives LLC are legally tax exempt provided that over 75% of their sales are made with Maldives residents. If otherwise, they are subject to Maldives corporate income tax, at a standard rate of 33.3%.
Maldives LLC Duration for set-up
4 Weeks
Distinctive Benefits of the Maldives LLC

• Shares can be advertised
• Shares can be sold through the stock exchange
• Large llc’ s may find it easier to borrow from banks
• Shareholders have limited liability
• Cheaper borrowing and bulk purchasing

The Valsen Advantage

1. End to end comprehensive service
2. Speedy and efficient service
3. Expert advice on structuring options
4. Dedicated ongoing compliance support
5. Extensive network pool of service providers