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Sep26
Maldives: Top Place in South Asia for Doing Business
Maldives is famous for its tourism and natural beauty. However, the Maldives is becoming a better place for doing business. In fact, according to World Bank, Maldives is the best country in South Asia when it comes to doing business. In South Asian countries, often, we find common complaints from businessmen about bureaucratic red tapes and complicated tax issues. I guess, the situation in Maldives is better than other South Asian countries- at least, World Bank thinks so.

 

 

  MinivanNews reported:

 

The Maldives' high regional ranking, explained here, is based on a business friendly tax environment, and a lax regulatory system for workers.

 

The Maldives is once again ranked the most tax-friendly country in the world for business. There is no corporation tax on profits, and employees pay no income tax.

 

Workers can be fired without notice or compensation even after many years of service. There is no limit to the number of hours businesses can demand their employees work, including at night and on weekends.

 

 

Well, I am not too happy with the matter that workers can be fired so easily. This can cause social instability in third world countries like Maldives. I am happy that Malaysia is a tax-friendly country. It increases the confidence of investors.

 

What is your idea about doing business in Maldives?  

 

 


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