Payroll Cycle
Minumum Wage
Overtime Pay
Overtime Type Rate
Weekdays normal rate X 1.25
Weekends (Fridays to Sunday), Public Holidays normal rate X 1.50
Visa Immigration

Talent Wiki - Maldives

Your quick guide on talent and labor compliance norms in Maldives
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Capital
Malé
Currency
Maldivian Rufiyaa (MVR)
Languages
English, Dhivehi, French, German
Payroll Frequency
Monthly
GDP per Capita
$13,550
Employer Tax
27%

Supplementary Guide for Employment and Expansion in Maldives

Talent Overview

The Maldives is known for its world-class beaches and touristic views, making them a popular destination for most travellers seeking leisure and luxury. The country's rich aquatic resources have been the primary source of its economic success. The tourism and fisheries sector makes up 40% of their GDP and has provided employment to as many as 50,000 local workers.

Major Economic Hubs:

Malé, Fuvahmulah, Hithadhoo

Skills in Demand:

Tourism and Hospitality, Manufacturing, and Agriculture

Local Universities

The top local universities in Maldives include the following:

Maldives National University

RANKING

Maldives : 1

World : 13521

Villa College

RANKING

Maldives : 2

World : 16744

Cyryx College

RANKING

Maldives : 3

World : 21020

Mandhu College

RANKING

Maldives : 4

World : 24441

Salary Data

No. Job Title Salary Range (in MVR) Salary Range (in USD)
1 Accountant 6,720 - 20,300 435.07 - 1,314.26
2 Software Engineer 9,170 - 27,700 593.68 - 1,793.35
3 Data Analyst 9,400 - MVR 26,900 608.57 - 1,741.56
4 Sales Manager 15,200 - 49,700 984.08 - 3,217.67
5 Project Manager 11,200 - 31,400 725.11 - 2,032.89
6 Accountant 6,720 - 20,300 435.07 - 1,314.26

Talent Sourcing Tips

Top Local Job Boards

Jobsicle, JobMaldives, Jobisland

Number of LinkedIn Users

121,300

Top Recruitment Agencies

Aeonian Maldives, Expat.com

Employing in Maldives

Knowing all about the country's labor laws and regulations is pivotal when onboarding local employees from the Maldives. This section will briefly introduce what to expect when looking for talents in this island country.

Employee Contract

Employment contracts in the Maldives should be written in the Dhivehi local language. It must consist of the terms and conditions of employment. 

Probation Period

Probation Period in Maldives should not exceed 3 months.

Public and Provincial Holidays

Date Holiday Type
1 Jan New Year's Day Public Holiday
3 Feb Presidential Address Holiday Public Holiday
2 Apr Ramadan Start Public Holiday
1 May Labor Day / May Day Public Holiday
2 May Eid-ul-Fitr Public Holiday
3 May Eid-ul-Fitr Holiday Public Holiday
4 May Eid-ul-Fitr Holiday Public Holiday
8 Jul Hajj Day Public Holiday
9 Jul Eid-ul Adha Public Holiday
26 Jul Independence Day Public Holiday
27 Jul Independence Day Holiday Public Holiday
30 Jul Muharram/Islamic New Year Public Holiday
27 Sep National Day Public Holiday
8 Oct Milad un Nabi (Mawlid) Public Holiday
27 Oct The Day Maldives Embraced Islam Public Holiday
3 Nov Victory Day Public Holiday
11 Nov Republic Day Public Holiday

Payroll

Payroll Cycle

The payroll cycle followed is monthly.

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Minimum Wage

For the government sector, the minimum wage is 3,100 MVR, while the tourism sector is 8,000 MVR.

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Overtime pay

Click on the link below to get more details about overtime pay in Maldives:

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Health Examination Clause

Bonus

Holiday Bonus

Employees are entitled to a bonus equivalent to one-third of their monthly salary for Ramadan. It will be paid before the beginning of Ramadan, referred to as the "Ramadan Bonus."

Employee Benefits

Maldivian employees are entitled to a pension scheme by contributing to their social security every month. Additionally, below are other benefits that employers may offer their employees in the country:

  • ~Healthcare Insurance
  • ~Transportation allowance
  • ~Meal Allowance
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Taxes

Employer Payroll Tax

Tax Rate Contribution Type
7% Social Security

Employee Payroll Tax

Tax Rate Contribution Type
7% Social Security

Employee Income Tax

Annual Income (in MVR) Income Tax Rate
0 - 60,000 0 %
60,000 - 100,000 0.055 %
100,000 - 150,000 0.08 %
150,000 - 200,000 0.12 %
Above 200,000 0.15 %

VAT

The general VAT in the Maldives is 6%.

Offboarding & Termination

Termination Process

The employer can terminate the employment contract either by giving a notice or making a payment in lieu of notice. The employee can also terminate the contract by giving a notice to the employer

Notice Period

Notice period in Maldives will be based on the mutual agreement between the employer and employee.

Severance Pay

An employee working for less than one year in the same organization is eligible to receive a severance package of one month's notice or payment in lieu of the same. Whereas if an employee is working in the same organization for 1 - 4 years, they are eligible to receive a three-month notice period or payment in lieu of the same.

Visa and Immigration

Work Visa is issued to a foreigner staying in the Maldives for employment. Acquiring this document will involve medical check-ups, yellow fever vaccination, and applying for a work permit. Expats may apply for all of this online through the Maldives' Immigration government site.

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