Malé, Maldives – The Maldives Government and MBS Global Investments are set to create a US$8.8bn Maldives International Financial Centre (MIFC), a sustainable Financial Freezone in Malé.
The MIFC is designed to attract global financial institutions, fintech pioneers, and global digital Nomads.
The MIFC will allow the Maldives to diversify beyond tourism and position Malé as the premier global business and financial hub in the Indian Ocean.
MIFC will offer no corporate tax, tax-free inheritance, ownership as per the constitution of the Maldives, and privacy. With no residency requirements, it’s set to attract digital nomads, entrepreneurs, and wealth creators.


Residents will benefit from multi-currency banking and access to offshore private banking. Future-ready regulations will support digital assets and green finance.
Due to be completed by 2030, the MIFC is projected to increase the country’s GDP within four years, with revenue projected to be well over US$ 1bn by the fifth year.
The centrepiece of MIFC is a state-of-the-art conference centre with a capacity for 3,500 people. The plan includes three iconic residential and office towers, high-end, sea front branded residences, world-renowned hotel brands, a vibrant retail experience, an Oceanographic Museum, a Mosque, and leading education facilities.
President Dr Mohamed Muizzu said, “With the MIFC, we are shaping the Maldives of tomorrow, a beacon of innovation and national pride that will thrive in harmony with nature.”
Nadeem Hussain, CEO of MBS Global Investments said, “The financial centre will set a new global benchmark, advancing financial innovation by at least two decades.”
MIFC will have a fully climate-resilient infrastructure and will be powered exclusively by renewable energy. The upper level of the development will be entirely car-free.
The development has been designed by master planner Architect Gianni Ranaulo. The total size of the development is 780,000 sqm, where more than 6,500 people can reside, and an expected daily footfall of 35,000.
MIFC is the Maldives International Financial Centre is a sustainable Financial Freezone designed to attract global financial institutions, fintech pioneers, and global digital Nomads.
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