Businesses welcome ban on foreigners in photography, souvenir trades
28 May 2015, 6:52 PM
The government has banned foreigners from providing photography-related services as well as operating souvenir shops and customs bonded warehouses in a bid to boost youth employment.
Registrar of companies Mariyam Visam told the press yesterday that the ministry will not register foreign investments in the selected fields.
Foreign investments in passenger transfer services and water sports will also be restricted to partnerships with companies with at least a 51 percent stake owned by Maldivians.
“If Maldivians can’t enter these ancillary services in the tourism industry, the economy and standard of living will be adversely affected,” she said.
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