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President assures more favourable opportunities for SMEs within the next three months

President Dr Mohamed Muizzu announced a series of SME support measures to be introduced between November 2026 and January 2027, including USD payment facilities, tax-free zones in Addu City, GST threshold revisions, zero-rated import duties on raw materials, and a second-phase youth loan scheme. The announcements were made at the awards ceremony of Maldives Expo 2026 at Barceló Nasandhura.

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What are the key figures?

Sources 1carried it 0 of 19 news outlets we monitor + 1 official or other
Figures1as written, with their sentences

Official source only Only Ministry of Economic Development & Trade has published this among the sources we monitor: no independent report seen. A gap in what we monitor, not proof that others did not report it.

What happened

in order; days are read from the reports' words and dates
Still to come
  • Fri 1 Jan Zero-rating of import duties on raw materials imported by SMEs for production purposes Maldives Ministry of Economic Development & Trade
  1. Sun 1 Nov
    Local SMEs to receive payments in US Dollars for transactions conducted worldwide via the Bank of Maldives Gateway effective 1 November only Ministry of Economic Development & Trade effective 1 November, local SMEs will be able to receive payments in US Dollars for transactions conducted worldwide via the Bank of Maldives Gateway

    Word for word from the report in Ministry of Economic Development & Trade. Open the report

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 1 million Mandatory GST registration threshold (current) Ministry of Economic Development & Trade the mandatory GST registration threshold will be raised from MVR 1 million to MVR 1.5 million, effective 1 January

    Word for word from the report in Ministry of Economic Development & Trade. Open the report

Other events named

no clear day, as worded
  • Establishment of dedicated tax-free zones for the SME sector, with a pilot in Addu City commencing 1 January next year Addu City Ministry of Economic Development & Trade plans to establish dedicated tax-free zones for the SME sector commencing 1 January next year, with the initial three-year pilot project to be launched in Addu City

    Word for word from the report in Ministry of Economic Development & Trade. Open the report

Subjects

sectors and approved topics, alphabetical

Named in these reports

alphabetical