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Pres establishes 'Tradenet Maldives Corporation Limited'

President Ibrahim Mohamed Solih on Sunday established the 'Tradenet Maldives Corporation Limited' by a Presidential Decree.

Tradenet Maldives Corporation Limited has been established with hundred per cent government shares.

President's Office said Tradenet Maldives Corporation Ltd was established as a 'Single Window' operator for complete business-related services under a single roof.

The company's equity is MVR 150,000 divided over 15 million shares of MVR 10 each.

Tradenet Maldives Corporation is a separate independent entity empowered to press and receive charges in its own name, and acquire movable and non-movable goods as stipulated in the law.