Tax: Up to 6%
Duties: Up to 20%
Restricted Items: IP Manufacturer Restrictions; Israeli Goods
Non-working days: Friday, Saturday, and Public Holidays
Lead Time: 1-2 Weeks
Best carrier option: Courier or Freight Forwarder
Prominent Languages: Dhivehi
Despite the promising prospects in the IT sector in the Maldives, navigating the import and export of tech goods comes with its set of challenges. Fortunately, having an Importer of Record (IOR) can help alleviate many of these issues.
Given the Maldives’ remote location and reliance on air and sea transportation, the expenses associated with importing and exporting tech goods can be on the higher side. The Maldives also imposes high tariffs and taxes on imported tech goods, which can drive up overall costs. The TecEx team collaborates to ensure you receive accurate quotes, helping you manage your budget effectively.
While there are no specific restrictions on cargo size, it’s essential to be mindful that the Maldivian airports and seaports may lack the necessary infrastructure and capacity to handle large volumes of tech goods efficiently. This could potentially result in delays and logistical hurdles.
Being a member of the South Asian Free Trade Agreements (SAFTA), the Maldives benefits from reduced trade barriers among member countries, providing access to a market of nearly 2 billion people. However, it’s important to note that, even under such agreements, having a locally registered entity act as the IOR is still a requirement for clearing your goods through customs.
Despite the promising prospects in the IT sector in the Maldives, navigating the import and export of tech goods comes with its set of challenges. Fortunately, having an Importer of Record (IOR) can help alleviate many of these issues.
Given the Maldives’ remote location and reliance on air and sea transportation, the expenses associated with importing and exporting tech goods can be on the higher side. The Maldives also imposes high tariffs and taxes on imported tech goods, which can drive up overall costs. The TecEx team collaborates to ensure you receive accurate quotes, helping you manage your budget effectively.
While there are no specific restrictions on cargo size, it’s essential to be mindful that the Maldivian airports and seaports may lack the necessary infrastructure and capacity to handle large volumes of tech goods efficiently. This could potentially result in delays and logistical hurdles.
Being a member of the South Asian Free Trade Agreements (SAFTA), the Maldives benefits from reduced trade barriers among member countries, providing access to a market of nearly 2 billion people. However, it’s important to note that, even under such agreements, having a locally registered entity act as the IOR is still a requirement for clearing your goods through customs.
How TecEx Can Help You Import into The Maldives
Leveraging our specialized Delivered Duty Paid (DDP) shipping solution, TecEx stands ready to take on the role of your IOR. Operating under DDP incoterms, we handle the entire process for you, covering pre-compliance, payment of taxes and duties, customs clearance, and ensuring the final delivery to any destination in the Maldives.
The IT tech sector in the Maldives holds significant promise, with both the government and private sector collaborating to overcome challenges and foster an environment conducive to IT innovation and growth through exciting initiatives.
These efforts include the National Digital Economy Roadmap (2021-2025), a comprehensive strategy aimed at advancing the IT and technology sector. Additionally, the Maldives Innovation Hub provides a launchpad for startups and entrepreneurs to nurture and bring their ideas to fruition.
For your importing and exporting needs to and from the Maldives, TecEx is your trusted IOR partner. Our deep understanding of Maldivian customs requirements and tariff structures ensures seamless customs clearance for your goods the first time around.
Your global trade solution for Maldives
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.