Corporate Resident Visa is suitable for eligible investors who wish to remain in Maldives for a longer period.

Who's eligible to apply?

  1. Shareholder or Director or Partner or Senior Management personnel of an existing Foreign Investment registered under Law no. 25/79 (Maldives Foreign Investment Act) that meets the requirements stipulated in Section 5 (a) – (h) of the Regulation no. 2021/R-115 (Regulation on Corporate Resident Visa), who is not employed in the Maldives or a family member of the eligible person referred here.

    Applicant shall ensure that they have invested USD 1,000,000 within the past 3 financial years (should be verifiable from the audited financial statements) and has retained 50% local full-time employees.

  2. An investor who maintains a Fixed Deposit of US$ 250,000 for a period of 5 years in a bank account in Maldives.
  3. An investor who has invested US$ 250,000 in a business / project determined by the Government of Maldives.

Standard Processing time

Standard processing time for Corporate Resident Visa is 14 days.

Did you know?

  • CRV will be issued for a 5-year period
  • If there are any changes to your passport after the issuance of Corporate Resident Visa, you are required to notify the Ministry through the Business Portal within 7 days from the date of change
  • If you wish to renew your visa, you are required to submit a renewal application 90 days prior to the date of expiry
  1. Declaration (You are required to upload signed declaration page to complete the application)
  2. Passport Copy (Color Copy of the Bio data page of passport. Passport shall remain valid for more than 6 months)
  3. Photo of the individual (Color Photo that complies with the photo requirements set out by Maldives Immigration - Photo Standards | Maldives Immigration)
  4. Travel and Health Insurance (Travel and Health Insurance issued by a licensed insurance company or an insurance company licensed in the Republic of Maldives)
  5. Source of Investment (Document identifying and confirming source of investment eg. A letter indicating that the entity meets the investment requirement based on the Audited Financial Statements or Bank statement of the applicant or Letter from Government of Maldives issued to the applicant or Other Supporting Document)
  6. Board Resolution (If the applicant is eligible as a Senior Management Personnel, Board Resolution determining the senior positions of the entity)
  7. If the applicant is requesting to qualify under an existing Foreign Investment, declaration from the authorized Director/ Manager confirming that the business continues to operate with 50% local full-time employees.
  8. Copy of Latest Entry Stamp into Maldives (If the applicant has previously been granted an entry visa into the Maldives)

You can apply for Corporate Resident Visa through https://business.egov.mv . To use our online portal, you are required to create an eFaas account.

You are required to pay a fee of MVR 15,000 along with the application for Corporate Resident Visa.

Once the application is approved, you will receive an email notification and payment gateway will be accessible through the Business Portal.