The Government of Maldives and MBS Global Investments will establish a USD 8.8 billion Maldives International Financial Centre (MIFC), a fully sustainable financial free zone in Malé, Maldives , designed and created to attract global financial institutions, fintech pioneers and global digital nomads.
Enabling the Maldives to diversify beyond tourism, the center will attract the future of finance and position Malé as the leading global financial and business hub in the Indian Ocean through an integrated mixed-use urban district.
The MIFC will offer corporate tax exemption, inheritance tax exemption, ownership in accordance with the Maldives ‘ constitution , and privacy. The lack of residency requirements is expected to attract digital nomads, entrepreneurs, and wealth creators seeking borderless freedom.
Residents will benefit from multi-currency banking services and access to offshore private banking. Cutting-edge regulations will support digital assets and green finance, making MIFC not only a financial hub but also a destination for those investing in the legacy of future generations.
The goal is to significantly increase the country’s GDP in four years, with revenues expected to exceed USD 1 billion by the fifth year.
The centerpiece of the MIFC is a state-of-the-art conference center with a capacity of 3,500 people. The multipurpose convention center will host leading international conferences, cultural events, and innovation-focused hackathons. It will establish Malé as a premier event destination, boost year-round engagement in the Maldives , and support the already well-established hospitality sector.
The plan includes three iconic residential and office towers designed to house international headquarters and regional offices, high-end beachfront residences, world-class hotels, dynamic and unique retail spaces, an oceanographic museum, a mosque, and leading educational institutions, including an international school.
President Mohamed Muizzu said: “With MIFC, we are shaping the Maldives of tomorrow, a beacon of innovation and national pride that will thrive in harmony with nature. The financial center will be a symbol of economic resilience and set a new global benchmark that will massively benefit the people of Maldives for generations to come.”
The Maldives Minister of Finance said: “ This is a project of paramount importance. It provides an excellent opportunity to diversify our economy beyond tourism, in line with our ambitions, and will attract the best companies and the most visionary entrepreneurs in the world.”
Nadeem Hussain , CEO of MBS Global Investments, said: “ The financial center will set a new global benchmark, advancing financial innovation by at least two decades. It is the next evolution of what has happened in other financial centers around the world.”
The MIFC will feature a fully climate-resilient infrastructure, and the architecture and public spaces will be powered exclusively by renewable energy. The upper level of the project will be entirely car-free, with all transportation and logistics infrastructure located underground to preserve a pedestrian-friendly outdoor environment.
It will offer a holistic lifestyle based on well-being and longevity and will be designed to be one of the most attractive places to live and work. It will include world-class sports facilities, state-of-the-art longevity and wellness centers, and shaded running and cycling trails through vast green spaces. Complementing its state-of-the-art office space, MIFC will also host high-end retail, renowned dining destinations, and vibrant cultural venues, creating a truly integrated living, working, and leisure environment.
This dynamic mixed-use project was designed by architect Gianni Ranaulo. Each structure, from the master plan to the individual buildings, is inspired by the local wildlife and marine ecosystem. Ranaulo integrates environmentally friendly practices into all of his projects. The total project area is 780,000 m², where over 6,500 people will be able to reside, with an expected daily footfall of 35,000.
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