Investing in Fulidhoo: Yields, Appreciation & Ownership
Who can buy, how ownership works, and the taxes and duties for buying property in Fulidhoo.
Who can buy in Fulidhoo
Maldivian constitution prohibits foreign freehold ownership. Foreigners can only lease property — up to 21 years for small investments on uninhabited islands, up to 50 years for investments above $10 million. All transactions require government approval; tourism zones dominate foreign investment.
| Buyer | Permitted | Tenure | Conditions |
|---|---|---|---|
| Maldivian Citizen | Yes | Freehold | UnrestrictedApproval: Land registry |
| Foreign National (leasehold) | Conditional | Leasehold | 21-50 years lease; tiered by investment size (min $1M+ typical)Approval: Government / Parliament approval |
| Foreign Developer (tourism zone) | Conditional | Leasehold | Up to 99 years for large tourism/resort projectsApproval: Government approval + minimum investment |
Maldives rule, applies in Fulidhoo.
Stamp duty and registration in Maldives
Stamp duty is levied on various legal documents, including lease agreements for property in the Maldives. The rate can vary depending on the type and value of the document.
| Property value | Stamp duty | Registration |
|---|---|---|
| Varies | Percentage of lease value | Varies by property value and lease duration |
Maldives rule, applies in Fulidhoo.
Capital gains on a sale
In the Maldives, gains from the disposal of immovable property are subject to Capital Gains Withholding Tax (CGWT). This tax is generally deducted at a rate of 10% on the gross payment for non-residents.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| N/A | General Property Disposal (Non-Resident) | 10% on gross payment | No |
| N/A | Property in Special Economic Zones (SEZ) | 4% on total sale price (for long-term strata leases) | No |
Maldives rule, applies in Fulidhoo.
Always consult a licensed real estate attorney before purchase. Rules change; verify current law. Always confirm with a qualified tax professional. Rules change; verify with a professional before you transact.
Frequently asked questions about Fulidhoo
With conditions. 21-50 years lease; tiered by investment size (min $1M+ typical)
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