Maldives to Launch 'Pearl Residency Visa' for Investors in April

The Maldives will launch a new residency-by-investment scheme, the Pearl Residency Visa, next month. Minister of Economic Development and Trade Mohamed Saeed announced the initiative, designed in partnership with global firm Henley & Partners, as a key strategy to attract foreign capital and strengthen the national economy. The legal framework for the programme is being finalized with the Attorney General's Office, with an official launch targeted for April. The programme aims to allow foreign investors to reside in the Maldives for extended periods, channeling investment into the country. Minister Saeed, speaking at a press conference, framed the initiative as a timely response to shifting global dynamics. He suggested that current geopolitical tensions could position the Maldives as an attractive, stable destination for international investors. "This is one of the strongest players in this field, operating across 33 countries," Saeed said of Henley & Partners. "Their global network will be a significant advantage in promoting the programme and attracting investors." The agreement with Henley & Partners was secured during President Dr. Mohamed Muizzu's official visit to Singapore last year. The President has previously stated the April launch date, aligning the visa with broader government efforts to diversify the economy beyond traditional tourism. These efforts include plans for specialized visas targeting digital nomads and content creators, signaling a multi-pronged approach to drawing new forms of revenue and talent to the archipelago.