President Dr Mohamed Muizzu has ratified the 15th amendment to Law No. 2/99 (Maldives Tourism Act) following its passage by the People's Majlis on March 19, 2025.
The amendment revises the legal framework governing the allocation of islands, land, and lagoons for tourism development under cross-subsidy. It also modifies provisions on lease extensions, redevelopment of tourism establishments, and the establishment of a Tourism Trust Fund.
Under the amendment, land designated for tourism on inhabited islands or cities must align with the respective urban development plan. The President is authorised to designate uninhabited islands and lagoons within such jurisdictions for tourism development, restricted to tourist guesthouses and hotels. Allocations for resort development under cross-subsidy must align with Government policies aimed at economic and social benefits. Lease extensions require a fee, with a maximum extension of 49 years.
The Ministry of Tourism and Environment is mandated to regulate the closure and redevelopment of tourism establishments, ensure compliance with a newly established safety and operational standards code, and oversee advertising regulations for tourist service establishments. The amendment also dissolves the Tourism Industry Trust Fund, transferring its assets to the newly established Tourism Trust Fund.
The law has been published in the Government Gazette and is now in effect.