Hospitality and Tourism
Maldives is renowned for its serene environment and beauty that make it a popular tourist destination. International hotel chains and local entrepreneurs alike continue to identify opportunities to capitalize on the travel industry, which operates in a highly competitive setting representing a broad range of undertakings. Due to their multidisciplinary nature, these businesses face diverse challenges and legal issues requiring a wide range of expertise.
Luxury hotels and resorts operated usually by international hotel brands are based on the one-island-one-resort model whereby each resort has its own private island. The private islands are acquired from the government by means of a lease that could have a length of 99 years. The lease agreements also laydown the period for development and the procedure for obtaining related permits.
We assist our clients in acquisition of islands and all stages of resort development and operations. While we ensure that our clients benefit from all government incentives including on customs duty on imports for hotel development, we place great importance on getting the construction completed as per the clients’ schedule and in accordance with the laws.
Additionally, hospitality and tourism laws cover food service, travel, and lodging industries. They govern the various nuances of the hotel, restaurant, bar, spa, clubs, and convention industries, among others.
Our expertise in this diverse area enables us to address:
■ Island, land, and lagoon acquisition
■ Development and construction
■ Foreign investment registration, corporate formation and ownership agreements
■ Corporate structuring and tax planning
■ Employee-management relations and employment contracts
■ Management, sublease, and franchising agreements
■ Vendor contracts
■ Business licensing and regulation
■ Tort defense