Latest / IMI Podcasts / Maldives to Launch $250,000 Investor Visa Program
Transcript
- 0:00SPEAKER_00: The Maldives will soon launch its first ever golden visa program, marking a significant shift in its economic strategy.
- 0:06SPEAKER_00: The government first announced it during the Maldives-Singapore Business Forum 2025 three weeks ago, but only recently released more details on its requirements.
- 0:16SPEAKER_00: The program is set to offer long-term residency to foreign nationals who invest in luxury real estate.
- 0:21SPEAKER_00: The initiative is part of the government's efforts to diversify the economy under President Dr.
- 0:27SPEAKER_00: Mohamed Mouizu's vision, 2040, aiming to reduce the economy's heavy reliance on the tourism sector, which currently generates more than half of the island nation's foreign currency inflows.
- 0:38SPEAKER_00: The Maldives, a popular luxury tourism destination, is hoping to broaden its appeal to high net worth individuals as a destination for investment and long-term residency, rather than just short-term tourism trips.
- 0:52SPEAKER_00: Economic Development and Trade Minister Mohamed Saeed reportedly stated that the program aims to attract responsible investors who see long-term value in the Maldives.
- 1:02SPEAKER_00: Quote, this is about building a future where our economy thrives beyond tourism, creating resilience and opportunity across multiple sectors, end quote, he said.
- 1:12SPEAKER_00: The program is set to launch with one investment route, real estate.
- 1:16SPEAKER_00: Applicants must purchase in government-approved high-end property developments to qualify.
- 1:22SPEAKER_00: Officials say that investment thresholds will start at$250,000.
- 1:27SPEAKER_00: Successful applicants receive renewable five-year residency permits and can include family members in their applications.
- 1:34SPEAKER_00: The program imposes no physical residency requirement to maintain residency.
- 1:39SPEAKER_00: The Maldives partnered with Henley and Partners, which will provide guidance on compliance, policy design, and due diligence processes.
- 1:47SPEAKER_00: Philippe Amarante, managing partner at Henley and Partners, said in an official statement that the program will focus on real estate as it remains a cornerstone of wealth creation and stability.
- 1:58SPEAKER_00: He added that such golden visa programs serve as a critical link between global capital and talent, and national development goals when they are well structured and properly run.
- 2:09SPEAKER_00: The government hasn't directly addressed whether there would be a pathway to citizenship for non-Muslim investors.
- 2:15SPEAKER_00: The Maldives constitution directly states that, quote, a non-Muslim may not become a citizen of the Maldives, end quote, making a path to citizenship unlikely for many.
- 2:26SPEAKER_00: Official sources indicate that Muslims can apply for Maldives citizenship by naturalization after residing there for over 10 years within a 12-year period.
- 2:35SPEAKER_00: The government said it will implement a rigorous screening process for all applicants, which will include police clearance and medical documentation, among other documents.
- 2:45SPEAKER_00: Authorities haven't indicated a definitive time frame for the launch, but the process appears to be in an advanced stage of planning.
- 2:54SPEAKER_00: This episode first appeared as an article by Mustafa Daily on IMIDaily.com.
- 3:00SPEAKER_00: Subscribe for free to the IMI newsletter for breaking news and updates from the investment migration industry, and upgrade your membership to IMI Pro to get access to our exclusive professional community, citizenship catalog, investment migration company Rolodex, private briefings, and more members only content.