The Maldives has announced plans to build an $8.8 billion Maldives International Financial Centre (MIFC) in Malé, in partnership with Qatari-owned MBS Global Investments. Slated for completion by 2030, the International Financial Centre is planned as a sustainable Financial Freezone aimed at attracting global financial institutions, fintech firms, and digital nomads.
Offering zero corporate tax, tax-free inheritance, full ownership rights, and no residency requirements, the Financial Centre will support multi-currency banking and offshore private banking. It promises future-ready regulations for digital assets and green finance, positioning Malé as a leading financial and business hub in the Indian Ocean.
The development includes residential and office towers, luxury hotels, an international school, and a state-of-the-art convention centre. President Dr Mohamed Muizzu said the International Financial Centre will be “a beacon of innovation and economic resilience,” projected to generate over $1 billion in revenue by its fifth year and significantly boost the national GDP.
