The Maldives is in Southern Asia, and consists of a group of atolls in the Indian Ocean, south-southwest of India. The climate is tropical, hot and humid but dry during the northeast monsoon (November to March) and rainy during the southwest monsoon (June to August). The official language is Divehi. It belongs to the Indo-Aryan stock of languages, but has a strong Arabic influence. The language is spoken throughout the country, but due to the geographical dispersion of the islands, there are local variations in vocabulary and pronunciation. English is widely spoken throughout the country, especially in the capital Malé and Addu. The main religion is Islam. The mixed economy of the Maldives is based on the principal activities of tourism, fishing and shipping. Business dress is conservative, however, due to the warm climate, jackets and ties are rarely worn. A light blouse and skirt are expected for women. The security risk for expatriates in the Maldives is low. Risks include petty crime, particularly in Male and Addu City, and the underlying threat of terrorism. The currency of Maldives is the Maldive Rufiyaa (MVR). There are no ATMs. Major credit cards are accepted at most resorts and hotels. US dollars can be exchanged at the airport, banks or hotels. Medical facilities are limited. Serious or complex medical treatment may require evacuation which can be expensive. The population of Maldives is 427,800 (2018 est.), while the inflation rate (CPI) is 0.8% for the Maldives as at July 2018. Xpatulator Hypothetical Tax for the Maldives is based on the current personal income tax rate of 0% as there is currently no personal income tax. However Expatriates working in Maldives are required to pay 3% remittance tax for the money they send home from their salary.
Cost Of Living
The cost of living for expatriates / professional migrants in In Maldives, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Maldives as at 1 October 2018 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Average 3) Communication: Low 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Very Low 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very High Maldives is for example -17.9% cheaper than USA for groceries, 42.1% more expensive for household costs than UK, and 144.6% more expensive for transport costs than India. The hardship premium for Maldives for an expat from Australia, is for example 10%, i.e. host location (Maldives) premium of 20% minus home (Australia) location premium of 10%. Maldives is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Maldives? Register subscribe to your home location and Maldives and run your personalised reports.