Thursday 19th Sep 2024
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Ministry of Homeland Security and Technology

Maldives Recovers MVR 182 Million in Expatriate Fees as Defaulters' List Spurs Payments

The Maldives Ministry of Homeland Security & Technology has successfully recovered MVR 182,954,572 from companies and individuals who had previously defaulted on expatriate-related fees and penalties, marking a significant step in the government's financial enforcement efforts.The recovery follows the recent publication of a defaulters' list, which has prompted many non-payers to settle their outstanding dues.
The list, made public earlier this week, detailed over 100 companies and individuals that collectively owed the state more than MVR 636 million.
In light of the release of this information, the Ministry of Homeland Security has taken a firm stance, announcing that it will no longer issue permits for foreign workers to any businesses or individuals who fail to pay their dues by August 12. This move has significantly influenced the recent recovery of funds, as defaulters rushed to comply with the deadline to avoid further penalties and restrictions on their operations.
The Ministry's action has not only highlighted the issue of non-payment of expatriate fees but has also underscored the government's commitment to enforcing financial accountability.
This recovery marks a crucial step in addressing the financial liabilities related to expatriate workers in the Maldives and sets a precedent for stricter enforcement of payment regulations in the future.