The Maldives Inland Revenue Authority (MIRA) has reported a notable increase in foreign investment registrations this year, reflecting growing investor interest in the country.

According to the latest statistics, MIRA has collected USD 130,000 in foreign investment registration fees so far this year, an increase of USD 40,000 compared to the same period last year.

Tourism continues to be the dominant sector for foreign investments in the Maldives.

In line with this trend, revenue from tourism-related registration and license fees has also seen a significant boost.

MIRA has collected USD 199,660 in tourism registration and license fees so far this year, nearly doubling the USD 107,965 collected during the same period last year.

To attract greater international interest, the government has actively promoted the Maldives as an investment destination.

Investment forums were held last year in India and Dubai, and a similar forum was recently conducted in Malaysia as part of ongoing efforts to showcase the country’s potential to global investors.