Ministry Issues Final Reminder for Inactive Companies, Deadline Set for Tomorrow

The Ministry of Economic Development and Trade has issued a final reminder to inactive companies that the deadline to apply for reactivation expires on 30 December.

Firms failing to submit reactivation applications by the due date will face mandatory liquidation under the Companies Act, the Ministry warned in a social media announcement.

Companies listed as inactive can verify their status by scanning a QR code provided on the Ministry’s official platforms. Businesses seeking to resume operations must submit a formal request through the Ministry’s business portal, including a board-approved resolution, annual financial statements, corporate reports, and proof of payment to the Maldives Inland Revenue Authority (MIRA).

Applications that meet all requirements will be processed, with approvals for resumption of activities granted within 15 days. The Ministry urged affected companies to act promptly to avoid legal dissolution.