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Law on Foreign Investments (1979)

Country/Territory
Maldives
Document type
Legislation
Date
1979
Source
FAO, FAOLEX
Subject
General
Keyword
Framework law Internal trade Dispute settlement Tourism
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Small Island Developing States, South Asian Seas, Southern Asia
Abstract

This law, made of seventeen sections, sets the terms under which a foreign government or a foreign national or a body incorporated outside the Republic of Maldives may invest in the Republic of Maldives. The law regulates the nature of the allowed investments and requires that they are regulated by agreements setting out the terms and conditions and the manner of implementation of the investment scheme and programme. The investments must be done privileging the use of local raw materials, the employment of local people and the destination of a percentage of the production to the local market.

Full text
English
Website
investmentpolicy.unctad.org