<p>Maldives Islands for Beach Resort Development <strong>Island Size in Hectares: </strong>3.8 (approximately). in the Maldives.</p>
<p><strong>Current Status: </strong>Virgin Island</p>
<p><strong>Purpose</strong>: Beach Resort Development<br /> <strong>Country: </strong>Maldives<br /> <strong>Island Size in Hectares: </strong>3.8 (approximately).<br /> Island size is taken by the authorities based on records kept by the authority. Size of the island is not<br /> completely accurate due to nature of the island; hence the investor can do a land survey from a government<br /> authorized firm to determine actual.<br /> <strong>Type of Lease: </strong>Head lease (Remaining lease period 47 years/ to be verified exact number of years). The<br /> initial lease period is 50 years.<br /> Another 49 years can be added by paying a lump sum amount to government (To Be<br /> Advised exact figure) within the initial 50 years lease period, if investor wish to extend<br /> the contract.<br /> <strong>Construction Grace Period: </strong>(Need to extend with additional payment).<br /> <strong>Distance: </strong>Direct flight to the island by sea plane is approximately 40 minutes.<br /> Domestic airport under development<br /> <strong>Tourism Taxes (after construction period):<br /> Government Lease Rent: </strong>USD 8 Per Sq. Meter per year<br /> <strong>Green Tax: </strong>USD 6 per night<br /> <strong>TGST: </strong>12%<br /> <strong>BPT: </strong>15%</p>
<p><strong>We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer.&nbsp;</strong></p>