Mihaaru
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NewsNo tax concessions for UAE developer in Rasmale' project
The Maldives government awarded the $20 billion Rasmalé project to UAE developer Eagle Hills without tax concessions or exemptions. All business activities will follow national tax laws, with payments processed through local banks. The state expects over $11 billion in revenue from sales fees and commercial revenue sharing.
NewsPG warns of money laundering charges for renting bank accounts
Prosecutor General Abbas Shareef warned that individuals who rent their bank accounts or cards to others could face money laundering charges. Authorities are targeting this practice to combat scams and illegal foreign currency trading. Both the PG Office and police confirmed that account owners will be held liable for facilitating crimes.