Residency Visa
3 articles
NewsThe land we cannot buy back
To address a debt crisis and fund stalled housing projects, the Maldives government is selling long-term residency to wealthy foreigners. This "Pearl Residency" program offers land in reclaimed areas like Ras Malé to attract foreign currency. Critics warn this move risks national sovereignty and the permanent loss of local property.
NewsMaldives Pearl Residence investment program announced
Economic Minister Mohamed Saeed announced the program at the 19th Global Citizenship Conference in London.
