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Maldives is an archipelagic state located in southern Asia, located in the Indian Ocean. It is made up of a chain of 26 atolls, making it the smallest country in Asia. Tourism is their largest industry, accounting for 28% of GDP and 60%+ of Maldives' foreign exchange receipts.
The minimum wage in Maldives is around MVR 3,100 per month. The standard workweek is 48 hours with 1 day off per week (typically on Friday). Overtime is paid at 125%-150% of the regular wages.
Pregnant employees are entitled to 60 days of paid maternity leave, which has to be taken starting at least 30 days before the due date. The employer can decide whether to pay the employee's salary during this leave. Fathers are entitled to 3 days of paid paternity leave. After maternity leave, the employee can take 1 year of unpaid leave.
Employees can take up to 30 days of paid sick leave each year, and 10 days to take care of a sick relative.
There are 8 public holidays in Maldives, and employees can take 30 days of paid time off each year, after working at a company for 1 year. Employees can also receive leave for family obligations.
Employment contracts can be terminated by either party without giving notice during the probationary period. Employers are able to terminate an employee without cause if keeping the employee would be damaging to the company or the workplace, and with cause of wrongdoing such as theft, fraud, or breach of contract.
If applicable, the notice period for dismissing an employee is determined by how long the employee worked at the company, ranging from 2 weeks to 2 months.
There is no legal provision in the law regarding severance payments.
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You've sourced a full-time employee or contractor located in a country where your company is not incorporated.
Pass us the details of your candidate and we will let you know exactly what it costs to employ your candidate in that country.
Sit back and relax as we onboard your new team member and take care of all the local compliances and admin work.
It can be prohibitively expensive to establish an entity in every country you want to hire talent in, so Remofirst will hire and pay your employee on your behalf while you manage their daily duties. Remofirst will handle formal HR procedures and employment contracts that adhere to local laws, so that you can simply approve invoices via our platform. When you work with an Employer of Record (EOR) you can compliantly hire the best employees around the world.
Unlike full-time employees, contractors work on projects with multiple companies at a given time and are technically self-employed. Full-time employees are solely focused on their employer and usually receive benefits (such as health insurance, equity or stock options, and time off) as an additional form of compensation. While it can be cheaper to work with international contractors instead of paying benefits to a full-time employee, you run the risk of misclassification. It's recommended to work with an EOR for contractor onboarding and payments, so you can know that your international contractors are paid compliantly and on time.
