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May 04.2025
2 Minutes Read

Discover How the US$8.8 Billion Maldives International Financial Centre Will Transform the Economy

Futuristic Maldives International Financial Centre with vibrant architecture.

Unlocking Potential: The Maldives International Financial Centre Initiative

The Maldives government, in collaboration with MBS Global Investments, is embarking on an ambitious project: the creation of the US$8.8 billion Maldives International Financial Centre (MIFC) in Malé. This financial free zone is designed not just as another business hub, but as a beacon of sustainability aimed to attract global financial institutions, technology innovators, and digital nomads.

A New Era of Opportunity

The MIFC aims to diversify the Maldivian economy, currently heavily reliant on tourism. With regulations favoring no corporate tax, tax-free inheritance, and privacy, it is expected to attract a wide range of entrepreneurs and investors looking for an ideal business environment.

Transforming Malé into a Global Business Hub

Strategically positioned, the center will offer multi-currency banking and access to offshore private banking while supporting initiatives in digital assets and green finance. The centerpiece, a state-of-the-art conference center with a capacity of 3,500, is set to host global conferences and cultural events, potentially transforming Malé into a premier assembly destination.

Building for the Future

Set to complete by 2030, the MIFC is projected to significantly boost the country’s GDP, targeting over $1 billion in revenue by its fifth year of operation. This forward-thinking initiative comes with plans for iconic residential and office spaces, high-end branded residences, and educational facilities, promising a vibrant, integrated community focused on innovation and sustainability.

President Dr. Mohamed Muizzu emphasized the project's importance, stating, "We are shaping the Maldives of tomorrow, a beacon of innovation and national pride." The MIFC is not just an economic endeavor; it is envisioned as a lasting legacy that will benefit future generations.

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