The government announced it will introduce a residency‑by‑investment programme next April, part of a broader effort to diversify the economy and attract long‑term capital. The initiative will be branded 'The Maldives Pearl Residence'. The announcement was delivered by Mohamed Saeed, Minister of Economic Development and Trade, during the 19th Global Citizenship Conference in London.
The programme, which allows individuals to settle in the Maldives in exchange for investment, has been described by the Economic Development Ministry as central to President Dr Mohamed Muizzu’s economic vision. That vision emphasises diversification and sustainable growth.
In a statement on social media, the ministry called the scheme a significant step toward securing responsible investment. "The Maldives Pearl Residence represents a new era of responsible investment, fostering opportunities that integrate innovation, sustainability, and long-term value," the ministry said in its social media statement.
The groundwork was laid earlier this year. During a visit to Singapore in July, President Muizzu finalised an agreement with Henley & Partners, a firm internationally recognised for its work in citizenship and residency programmes.
Government projections suggest the collaboration will open substantial opportunities in real estate investment. Officials also believe the initiative will strengthen the Maldives’ standing as one of the world’s most desirable places to live and invest.