Governance Economy / infrastructure Maldives Impact 8.0/10 1 min read

President Dr. Mohamed Muizzu Ratifies Amendment to Special Economic Zone Act Enabling Sustainable Township Development

President Dr. Mohamed Muizzu ratified the First Amendment to the Special Economic Zone (SEZ) Act on December 14, 2025, after approval by the 20th People's Majlis on November 5, 2025. The amendment introduces the Sustainable Township investment category for projects above USD 500 million. Incentives include reduced income tax rates of 5% for first 10 years and 10% for next 10 years, and a real estate transfer tax starting at 1% rising to 4% by third transaction. Other taxes remain payable.

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Dec 14, 2025

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President Dr. Mohamed Muizzu ratified the First Amendment to the Special Economic Zone (SEZ) Act on December 14, 2025, after approval by the 20th People's Majlis on November 5, 2025. The amendment introduces the Sustainable Township investment category for projects above USD 500 million. Incentives include reduced income tax rates of 5% for first 10 years and 10% for next 10 years, and a real estate transfer tax starting at 1% rising to 4% by third transaction. Other taxes remain payable.

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