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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.
Sources1carried itMT0 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 JanZero-rating of import duties on raw materials imported by SMEs for production purposesMaldivesMinistry of Economic Development & Trade
Sun 1 NovLocal SMEs to receive payments in US Dollars for transactions conducted worldwide via the Bank of Maldives Gatewayeffective 1 Novemberonly Ministry of Economic Development & Tradeeffective 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
Ministry of Economic Development & TradeOfficial
President assures more favourable opportunities for SMEs within the next three months
MVR 1 million Mandatory GST registration threshold (current)
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 millionMandatory GST registration threshold (current)Ministry of Economic Development & Tradethe 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 Citycommencing 1 January next yearAddu CityMinistry of Economic Development & Tradeplans 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