> ## Documentation Index > Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt > Use this file to discover all available pages before exploring further. # Maldives > How to collect KYB documents from business customers in Maldives (MDV) when onboarding through the Conduit API. ## Overview | Field | Value | | ------------ | ---------------------------------------------------------------------------- | | Region | Asia (West, South & Central) | | ISO 3166-1 | MV / MDV | | Registry | Registrar of Companies (Ministry of Economic Development, Transport & Trade) | | Last updated | 2026-05-06 | ## Identifiers Collect two identifiers from each business customer in Maldives and submit them as strings on the application body. | API field | Local name | Issuer | | ------------------------------- | ------------------------------- | ---------------------------------------------------------------------------- | | `businessInfo.taxId` | **TIN** | Maldives Inland Revenue Authority (MIRA) | | `businessInfo.businessEntityId` | **Company Registration Number** | Registrar of Companies (Ministry of Economic Development, Transport & Trade) | *Tax ID:* 7-digit Business Partner (BP) number; per-tax TIN appends revenue code + sequence (e.g. 1000001GST501). One BP per entity; separate TINs issued for GST, income tax, etc. *Registration number:* Unique numeric identifier assigned at incorporation; appears on Certificate of Registration and all Registrar filings. ## Sector regulators `MMA` · `CMDA` · `FIU Maldives` · `MIRA` ## Legal structures | Local name | Abbreviation | Description | | ----------------------------- | ------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | Private Company | Pvt Ltd | Closely-held company limited by shares with 1–50 shareholders; shares are not publicly tradable; at least one Maldivian resident director required. Equivalent to a US LLC. | | Public Company | Plc | Share-capital company with unlimited shareholders; shares may be listed and freely transferred; prospectus and disclosure obligations apply. Closest US equivalent: C-Corp. | | Foreign Investment Company | FIC | Company incorporating any foreign shareholding, registered under the Foreign Investment Act (Law No. 11/2024) with a foreign investment licence; structurally a closely-held company limited by shares. Equivalent to a US LLC. | | General Partnership | — | Two or more natural persons carrying on business together with unlimited joint and several liability; governed by the Partnership Act (Law No. 13/2011). Closest US equivalent: General Partnership (GP). | | Limited Liability Partnership | LLP | Two or more persons (natural or legal entities) whose liability is capped at their capital contribution; governed by the Partnership Act (Law No. 13/2011). Closest US equivalent: Limited Liability Partnership (LLP). | | Sole Proprietorship | — | Single Maldivian citizen trading under their own name or a registered trade name; no separate legal personality; unlimited personal liability. Registered under the Business Registration Act (Law No. 18/2014). Equivalent to a US Sole Proprietorship. | | Cooperative Society | — | Member-owned entity formed to pursue common economic or social goals; registered under the Cooperative Societies Act (Law No. 3/2007); foreign parties are ineligible. Closest US equivalent: Cooperative. | | Branch of Foreign Company | — | Re-registration of an existing foreign-registered company to conduct business operations in the Maldives; requires a locally appointed representative and registered address; no separate legal personality from the foreign parent. Closest US equivalent: Branch/Rep Office. | ## How documents combine For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below. | Evidence area | Documents needed | | ---------------------- | ------------------------------------------------------------------- | | Legal Registration | Certificate of Registration | | Constitutive Documents | *All required:* Memorandum of Association + Articles of Association | | Tax Registration | MIRA TIN Certificate | | Operating Permit | Business Permit | | Ownership Records | Register of Members | | Governance Records | Register of Directors | | Signing Authority | Board Resolution | | Address | *Any one of:* Lease Agreement · Utility Bill · Bank Statement | ## Documents to collect The physical documents you'll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil's Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed. | Document | Proves | | --------------------------------- | ---------------------- | | **Certificate of Registration** | Legal Registration | | **Memorandum of Association** | Constitutive Documents | | **Articles of Association** | Constitutive Documents | | **MIRA TIN Certificate** | Tax Registration | | **Business Permit** | Operating Permit | | **Register of Members** | Ownership Records | | **Register of Directors** | Governance Records | | **Board Resolution** | Signing Authority | | **Lease Agreement** | Address | | **Utility Bill (≤90 days old)** | Address | | **Bank Statement (≤90 days old)** | Address | | **Sector-Specific License** | MMA Licence | **Not applicable in Maldives:** Good Standing. Skip these areas — no local artifact exists. ### Collection notes * **Legal Registration:** Issued by the Registrar of Companies; conclusive evidence of current registration. * **Constitutive Documents:** Filed together at incorporation; Ministry publishes Model Articles for private companies. * **Tax Registration:** Issued by MIRA; 7-digit BP number covers all tax types (GST, income tax, BPT). Separate registration required per tax type. * **Operating Permit:** Issued by Ministry of Economic Development, Transport & Trade at national level; additional permits from island/atoll councils for outer-island operations. * **Sector-Specific License:** Collect for regulated-sector entities only. Islamic finance operators also require MMA Shariah Governance Framework compliance. * **Ownership Records:** Companies must maintain the Register of Members and notify the Registrar of ownership changes within 30 days. * **Governance Records:** Maintained by company and filed with Registrar; must include managing director (position cannot be vacant). * **Signing Authority:** Notarised by Maldivian notary or court; foreign POAs require MFA Maldives authentication and destination-country consular legalisation. Maldives is not a Hague Apostille party. * **Address:** Conduit universal policy: lease (no time bound) OR utility bill OR bank statement, with utility/bank dated within 90 days. Same evidence satisfies both registered-address and operating-address checks. ## Person roles When you submit a person on the application body, set their `role` to one of Conduit's canonical `BusinessPersonRole` values. Use this table to map a local corporate-governance title onto the right canonical role. | Local role | Canonical API role | Description | | --------------------------------- | ---------------------- | ------------------------------------------------------------------------------------ | | Managing Director | `CONTROLLING_PERSON` | Full-time executive officer; position cannot be vacant; day-to-day authority. | | Director | `CONTROLLING_PERSON` | Board-level governance role; non-FIC companies must have all-Maldivian board. | | Authorised Signatory / POA Holder | `LEGAL_REPRESENTATIVE` | Person empowered to bind entity via board resolution or notarised power of attorney. | ## Additional fields Country-specific fields you'll need to collect during onboarding, beyond the document uploads. | Field | Applies to | Reason | | ----------------------------------- | ----------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------ | | `Foreign Investment Licence number` | shareholder | Required for Foreign Investment Companies under Foreign Investment Act (Law No. 11/2024, eff. 2024-12-03); FIC status determines director eligibility rules. | ## Notes * Maldives is NOT a Hague Apostille party (confirmed HCCH Status Table, 2026-05-06; 129 contracting parties; Maldives absent). Foreign POAs require full consular legalisation: home-country notarisation → MFA Maldives attestation → destination-country consular legalisation. * Companies Act 2023 (Law No. 07/2023) replaced the 1996 Act effective 2024-01-01. All non-compliant Articles of Association required updating by 31 December 2024. Prior-law entity extracts may reference the old Act; verify documents post-date 2024-01-01 or are accompanied by updated filings. * Director nationality restriction: Non-FIC private companies must have an all-Maldivian board. Foreign-owned entities must register as a Foreign Investment Company (FIC) to appoint foreign directors; verify FIC status before collecting director documents. * Partnerships are governed by the Partnership Act (Law No. 13/2011) — not the Companies Act. Entity type confirmation is essential before applying Companies Act documentation requirements; partnership documents derive from a separate statutory regime.