Maldives has initiated the method of granting Indian Nationals visa free entry for enterprise functions, for a interval not exceeding the visa free interval of 90 days starting February 1.
This is m stipulated within the Agreement on the Facilitation of Visa Arrangements between the Government of Maldives and the Government of India signed in December 2018.
As a part of the reciprocal association, a a number of entry, non-resident, enterprise visa shall be granted for Indian Nationals for a interval of 90 days inside 6 months.
Any Indian National with an accredited enterprise visa is eligible to resume their visa as much as 180 days inside a calendar 12 months. This is along with the visa free interval of 90 days stipulated within the bilateral settlement.
Business visa software shall be lodged with the Ministry of Economic Development by way of https://business.egov.mv/GeneralServiceRequests previous to expiry of visa free entry interval, in line with a Maldives authorities assertion.
Business visa shall be renewed previous to expiry of an current approval. An employment approval shall be obtained by any Indian National holding a enterprise visa whose allowable enterprise visa keep exceeds 180 days inside a calendar 12 months, in line with Maldives authorities.
Economic cooperation between India and Maldives has made regular progress during the last 2-3 years. Bilateral commerce partnership is in an expansive section with the continuing implementation of USD 2 billion GoI-supported Line of Credit and grant tasks. In the calendar 12 months 2021, bilateral commerce crossed the USD 300 million mark for the primary time and stood at USD 323 million. This is a 31 per cent rise over the commerce figures for 2020. The India-Maldives Direct Cargo Vessel Service, initiated in September 2020 and operated by the Shipping Corporation of India, has additionally made a considerable contribution to the expansion in commerce ties.
The facility for visa free journey by Indian businesspersons will additional improve bilateral financial cooperation. India is the primary nation to which such a facility has been prolonged by the Maldives.