Just read the brief by CTL on the Regulation on Foreign Currency in the Maldives 🇲🇻. Quick updates like this are so helpful for lawyers and other professionals to stay up to speed with new compliance requirements. Thanks to the writers for striking the perfect balance between thoroughness and brevity 🙌 Hussain Zameel Arzan Asif While this change will undoubtedly help address the dollar crisis, I’m curious whether the practicalities of doing business and the compliance burdens were fully considered before introducing such a sweeping regulatory change. Fun stuff.
The MMA’s new Regulation on Foreign Currency came into effect on 1 October 2024 stipulating significant new rules and controls over incomes received in foreign currency and foreign currency transactions. Here is our Client Advisory ⬇️
Counsel & Practice Lead (Corporate Advisory) at CTL Strategies | Tax & Corporate Lawyers
3moThank you, Zaif!