Maldives International Financial Services Authority
Maldives International Financial Services Authority was instituted under Article 116 of the Constitution of the Republic of Maldives with the vision to develop a world class financial hub in the Maldives
MIFSA
Established by President Dr. Mohamed Muizzu, the Maldives International Financial Services Authority (MIFSA) is central to his vision of transforming the Maldives into a global business hub.
As the lead agency under the Ministry of Economic Development and Trade, we are tasked with creating a dynamic and competitive ecosystem that attracts international financiers and businesses.
Leveraging our existing commitment to robust legal frameworks and good governance, we seek to establish International Finance Centres with enduring legacies. MIFSA will play a vital role in developing the financial services economy and deepening the business services expertise of the Maldives.
- Inaugural meeting with the Minister of Economic Development & Trade, H. E Mohamed Saeed
Our Mission
MIFSA's mission is twofold
- Establishing a legal framework that governs international financial centres;
- Defining the institutional landscape for the whole financial sector, with a focus on spearheading the creation of both onshore and offshore development banks.
Our Aim
- Establish a comprehensive legal and regulatory framework for financial services.
- Serve as a single point service provider for international businesses.
- Position the Maldives as a premier destination for international financial institutions.
- Champion innovation and development within the Maldivian financial sector.
- Uphold economic stability and safeguard the interests of investors and development partners.
- H.E. Abdulla Jihad has been appointed as the Chairperson of MIFSA