Online businesses required to be registered within thirty days

President Ibrahim Mohamed Solih on Wednesday ratified the first amendment to the Business Registration Act.

The Parliament passed the amendment bill at the 72nd sitting of its third session held on Wednesday.

The amendment will enable the registration of businesses operating through different mediums and mandate foreign businesses and investments to register their business in the Maldives. Under the amendment, all online businesses in the Maldives are required to register their businesses within thirty days from date of ratification.

Upon ratification, the Bill has been published in the Government’s Gazette.