Maldives EOR & PEO

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EOR in Maldives

Horizons ensures day-to-day guidance to help your business navigate Maldives labor laws and regulations.

As the Maldives Employer of Record, Horizons is responsible for employee income tax withholding, payment of payroll taxes to state authorities, and submission of tax returns to the Maldives Tax Office.

Partnering with our Maldives EOR is the quickest and most cost-effective way to enter the Maldives market.

Note, a Maldives Employer of Record is also known as a Maldives Professional Employer Organization (PEO).

Facts & Stats

stay compliant with Maldives labor laws

Employment Laws

Maldives employment contracts

Employment contracts can technically be verbal or written in the Maldives, but we strongly recommend that you always use written employment contracts for your hires. These formal contracts should include details such as salary/wage, working hours and duties, and any other relevant information. They should be written in the local language of Dhivehi and use the Maldivian rufiyaa currency.

Fixed-term

Indefinite

Working hours in Maldives

The typical working week in the Maldives is between 40 and 48 hours, spread across five days.

National holidays in Maldives

Holiday Schedule in Maldives [2024]

Maldives has a range of national public holidays that are celebrated annually. In 2024 these holidays are:

Date	Holiday name
1 Jan Monday	New Year’s Day
10 Apr Thursday	Eid al-Fitr (Tentative Date)
11 Apr Friday	Eid al-Fitr Holiday (Tentative Date)
12 Apr to 23 Apr	Eid al-Fitr Holiday (Tentative Date)
15 Jun Saturday	Arafat (Hajj) Day (Tentative Date)
20 Jun Thursday	Eid al-Adha (Feast of Sacrifice) (Tentative Date)
8 Jul Monday	Al-Hijra (Islamic New Year) (Tentative Date)
26 Jul Monday	Independence Day
5 Sep Thursday	National Day
16 Sep Monday	Mouloud (Tentative Date)
3 Nov Sunday	Victory Day
11 Nov Monday	Republic Day

Vacation leave in Maldives

Employees in the Maldives are generally entitled to 30 days of paid vacation leave each year.

Sick leave in Maldives

After two continuous days of absence through sickness, employees in the Maldives are entitled to sick leave compensation.

Maternity and paternity leave in Maldives

Female employees in the Maldives are entitled to 60 days of paid maternity leave.

Employee severance and terminations in Maldives

Employers in the Maldives must provide notice of termination in most cases. The mandatory minimum notice period varies depending on the employee’s length of service, but is generally between two weeks and two months. Severance payments are less common, but are often expected for senior-level employees.

Tax laws in Maldives

The personal income tax in the Maldives is progressive, ranging from 0% to 15% of income depending on income level.

The corporate tax rate in the Maldives is either 0% (for profits under 500,000 MVR per year) or 15% (for companies earning over 500,000 MVR per year). Some other companies, such as banks, may have different tax rates.

Health insurance in Maldives

Healthcare in the Maldives is state funded in many cases, but private medical insurance is still commonly used and may be expected by employees.

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Compensation & Benefits

Compensation laws in Maldives

The current (2024) minimum wage in the Maldives is set at 7,000 rufiyaas per month.

Benefit management in Maldives

Setting up your Maldivian benefits system as a foreign employer can be difficult. The laws are complicated, bureaucratic procedures can be slow, and legislation can change regularly, all of which can make it a very time-consuming process.

Outsourcing your benefit management process ensures that you fully understand and adhere to the rules, ensuring your compliance and speeding up the process significantly. At Horizons, our Maldives employment experts will help you to find and arrange your benefits, advise on your strategy, and ensure compliance with the law.

Maldives Employer Of Record Peo

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EOR in Maldives

Employment Laws

Working hours in Maldives

National holidays in Maldives

Compensation & Benefits

Frequently asked questions

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Hire in Maldives in 24h without your own local entity.

With Horizons, you get quick service, transparent pricing, and expert support.

Frequently asked questions

What is the difference between a Maldives PEO and a Maldives EOR?

Generally speaking, the terms “Maldives PEO” and “Maldives EOR” are used interchangeably.

Can an EOR in Maldives hire both local and foreign nationals to work in Maldives?

An EOR in Maldives can feasibly hire both local and foreign nationals to work in Maldives.

However, the ability of Horizons to sponsor your foreign national employee in Maldives may be limited due to visa quotas practiced in many countries.

Contact us with your requirements and our Global Mobility team with review the case and get back to you within 2 business days.

How long does Horizons' Maldives EOR service take to hire an employee?

In most cases, Horizons’ Maldives EOR can hire & onboard your employee within 24 hours. The actual start date of the employee will depend on their notice period obligation to their previous employer as well as any relevant hiring rules in Maldives.

Is it possible to get a work visa in Maldives?

It is possible to get a work visa in Maldives. Horizons’ Global Mobility team is a dedicated team of work visa experts. They assess the details of each case to determine feasibility and costs before Horizons applies for the work visa on behalf of your employee. If the Global Mobility team determines that your case is feasible, the process is smooth and transparent. Visa spots in Maldives are limited, however—get started today to secure your employees’ visa spot.

Maldives EOR & PEO

Start hiring in Maldives

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EOR in Maldives

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Employment Laws

Maldives employment contracts

Fixed-term

Probationary period

Termination notice period

Severance

Indefinite

Probationary period

Termination notice period

Severance

Working hours in Maldives

National holidays in Maldives

Vacation leave in Maldives

Sick leave in Maldives

Maternity and paternity leave in Maldives

Employee severance and terminations in Maldives

Tax laws in Maldives

Health insurance in Maldives

hassle-free Maldives compensation & benefits

Compensation & Benefits

Compensation laws in Maldives

Benefit management in Maldives

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