Fees changed in new rules for foreign safaris and cruise liners

Sep 18, 2023, 11:54 AM
Fees changed in new rules for foreign safaris and cruise liners

New rules were enacted on Thursday for the operation and docking of foreign safari vessels, yachts and cruise liners in the Maldives.

Significant changes were made to the fees and periods for issuing cruising permits to foreign tourist vessels.

Foreign vessels smaller than 20 meters could travel and dock in Maldivian territory for 90 days without a permit.

After the 90-day period, if the vessel is registered with the International Maritime Organization, the cruising permit period could be extended up to 275 days for a fee of USD 50 per day.

Cruising permits for vessels larger than 20 meters will be issued upon payment of a USD 1,000 fee. The permit will be valid for 90 days after inward clearance.

A daily fee of USD 100 must be paid for the period that the vessel operates and docks in the country.

If the large vessel is registered with the International Maritime Organization, the cruising permit could be extended for one year for a fee of USD 3,500.

The fees for issuing a "charter license" were also revised under the new rules:

  • Vessels smaller than 20 meters - USD 100 per day
  • Vessels between 21 to 35 meters - USD 250 per day
  • Vessels between 36 to 45 meters - USD 400 per day
  • Vessels between 46 to 75 meters - USD 550 per day
  • Vessels between 76 to 100 meters - USD 700 per day
  • Vessels larger than 101 meters - USD 850 per day

The old "Regulations on foreign tourist vessels traveling and docking in Maldivian territory" was repealed as the new rules came into force.

The new regulations also specify fines for violations, including USD 1,000 for first offenses, USD 2,000 for second offenses and USD 6,000 for each offence after the second one.

The new regulations will apply to vessels presently traveling and docking in the Maldives after their permits expire.

Comments

Read More

Latest News

EyeCare offers 20 percent discount to mark World Sight Day

To celebrate World Sight Day, EyeCare is offering a 20 percent discount on selected frames with the purchase of prescription lenses through October. Available at all outlets, the promotion aligns with the "Love Your Eyes" theme to encourage eye health. Professionals are on hand to help customers choose the best options for their lifestyle.

Dhiraagu Maldives Junior Open to begin on December 13

Registration is open for the Dhiraagu Maldives Junior Open 2026, a badminton tournament running from December 13 to 19 in Malé. The event features various youth age groups and a Para category to foster local and international talent. Interested players must register by November 25 to compete in this endorsed sporting event.

MTCC has 6700 employees, most positions are contract-based

MTCC reports a workforce of 6,700 employees, with only 2,500 being permanent staff. Following a merger with the Road Development Corporation, the company’s headcount will grow by over 4,000, establishing a presence on every inhabited island. This expansion comes amid criticism over rapid hiring practices within state-owned enterprises.

Moody’s upgrades Maldives credit rating to Caa1

Moody’s has upgraded the Maldives' credit rating from Caa2 to Caa1 with a stable outlook, citing a reduced risk of default after successful debt payments. While the upgrade restores the rating to previous levels, the agency warns of a rising budget deficit and a high debt-to-GDP ratio that remains above 100 percent.

Board appointed for new Awqaf Investment company

The Maldives has formed the board for Maldives Awqaf Investment, a new state-owned enterprise led by Chairperson Izzuddin Adnan. The company will manage mosque construction, renovations, and waqf property development through Shari’ah-compliant activities. It holds an authorized capital of MVR 100 million to ensure project sustainability.

Government revenue exceeds MVR 30 billion

The Maldivian government’s revenue surpassed MVR 30 billion, marking a slight increase over last year despite a slowdown in tourism-related tax growth. While tax revenue rose to MVR 23.8 billion, non-tax revenue saw a decline. Economic experts link the stagnation to a cooling tourism sector, which may impact year-end budgetary targets.

TGST declines due to low tourist arrivals

Maldives' state revenue is declining as Tourism Goods and Services Tax collections fell by MVR 110.5 million due to a drop in visitor arrivals. Disruptions in Middle Eastern air travel have slowed tourism momentum since the second quarter. It is now unlikely the country will meet its annual target of 2.4 million tourists.

Newsletter

Get the latest news delivered straight to your inbox