🇲🇻 Ministry of Tourism & MIRA Head Lease Framework
Maldives Resort Head Lease Rent Calculator
Calculate annual land head lease payments in USD and MVR under the Maldives Tourism Act (Law No. 2/99) based on demarcated land area, bed capacity, and statutory lease caps.
⚡ Island Dimension Presets
Lease Island Parameters
sqm
1 Hectare = 10,000 sqm (e.g., 12 Hectares = 120,000 sqm)
Annual Head Lease Rent (USD)
$960,000.00 USD
Equivalent: MVR 14,803,200.00
Payment Schedule Breakdown
| Total Land Surface Area | 120,000 sqm (12.0 Ha) |
| Quarterly Lease Installment (USD) | $240,000.00 USD |
| Monthly Rent Amortization (USD) | $80,000.00 USD |
| Annual Rent per Registered Bed | $6,400.00 USD / bed |
| Total Annual MIRA Obligation (USD) | $960,000.00 USD |
Frequently Asked Questions
How is resort head lease rent calculated in the Maldives? ▼
Under the Maldives Tourism Act (Law No. 2/99) and subsequent amendments, resort rent is assessed either per square meter of land area (typically $8 USD per sqm up to 200,000 sqm, scaled thereafter) or on an agreed statutory lump-sum cap (e.g. $1,000,000 USD annual ceiling for standard leases).
Can resort head lease rent be paid in Maldivian Rufiyaa? ▼
No, all resort head lease rents must be settled in United States Dollars (USD) directly with the Maldives Inland Revenue Authority (MIRA).
What is the standard lease period for tourist resort islands in Maldives? ▼
Standard resort island leases are granted for 50 years, with provisions allowing extensions up to 99 years upon payment of statutory extension fees to the Ministry of Tourism.
When are head lease rent installments due each year? ▼
Head lease rent is payable to MIRA in quarterly advance installments due on the first day of each calendar quarter.
What penalties apply for delayed head lease payments? ▼
Unpaid lease rent incurs statutory daily interest and late payment fines administered by MIRA under the Tax Administration Act.