- Why should I choose to invest in Hulhumalé?
- If a tenant is interested in leasing a plot for his/her/company commercial use, what he/she/company should do?
- Can the tenant rent the leased land to a third party?
- Are the price/sqft same for individual businessman and companies?
- Can the tenant secure/book a particular land area before he/she/company submits the proposal?
- What are the investment opportunities currently open in Hulhumalé?
- What are the legal formalities for foreigners interested in investing Hulhumalé?
Hulhumalé proves to be an exceptional opportunity for you to establish yourself in the best location for your business to flourish and grow in the Maldives; strategically located in close proximity to the capital Malé in the central region and connected to the International Airport via causeway, the city has become a great asset to potential investors both foreign and local.
If a tenant is interested in leasing a plot for his/her/company commercial use, what he/she/company should do?
HDC usually announces for land plots that its leasing for various commercial, residential, mixed use and industrial projects. Interested investors have the opportunity to approach HDC through such processes.
If no such announcements are out, HDC encourages investors interested in Hulhumalé projects to contact the Company either via email or by telephone.
A Tenant can lease the land to a third party based on the terms of the agreement entered between the lessor (lender) and lessee (borrower).
Yes, price/sqft is same for individual businessman and for companies. The rental is usually decided based on the type of project; i.e. residential, commercial, industrial, social, etc.
No, a tenant cannot secure/book a particular land before submission of the proposal/bid.
All the investment opportunities currently on offer is announced via all the official channels and can also be viewed from the website. For potential types of projects that can be undertaken in Hulhumalé, please refer to the Hulhumalé Land Use Plan available under the website.
Foreigners seeking to invest in Maldives should obtain an Investment Permit from Trade Ministry. If a foreigner succeeds in obtaining the permit, such a foreigner's investment is regulated by the permit and by Maldivian Foreign Investment Guidelines.
It is to be noted that no foreigners are allowed to purchase land under the Maldives Constitution. However, leasehold arrangements of up to 99 years are possible.