In a major economic milestone, the Maldives has officially introduced its first-ever Residence by Investment Program, marking a new chapter in the country’s efforts to attract foreign capital and strengthen its global economic standing.

The agreement was signed with Henley & Partners, a globally renowned investment migration firm, during the Maldives–Singapore Business Forum held in Singapore. 

The strategic partnership aims to offer residency to foreign investors who commit a specified financial investment in the Maldives, either through business or other eligible ventures.

Minister of Economic Development and Trade Mohamed Saeed described the move as a pivotal step in supporting President Dr. Mohamed Muizzu’s Vision 2040, which focuses on sustainable development, economic diversification, and international engagement.

According to the minister, this program is expected to boost investor confidence, attract high-value investments, and help position the Maldives as a reliable and resilient economy. 

The collaboration with Henley & Partners is anticipated to bring in reputable global investors, leveraging the firm’s established track record in managing similar programs across the world.

With this initiative, the Maldives joins a growing list of countries offering residency options to investors, a policy tool increasingly used to encourage long-term economic engagement and generate foreign direct investment.