Updated on June 19, 2025 02:53:20 PM
The GSP Certificate for the Maldives helps international exporters sell their products in the Maldives by offering lower or zero taxes under the Generalized System of Preferences (GSP) for the Maldives. This preferential trade program allows foreign businesses to export goods at competitive prices, making their products more affordable for Maldivian buyers. By using the GSP certificate for the Maldives, exporters can take advantage of easy trade procedures, reduced costs, and better access to the Maldivian market. This system encourages stronger trade ties with the Maldives, increases the availability of diverse goods, and supports economic growth.
The GSP scheme for the Maldives provides significant benefits for exporters looking to enter the Maldivian market. With the Maldives’ duty-free imports, foreign businesses can supply goods at lower prices, making them more appealing to local industries such as tourism, fisheries, and retail. The GSP benefits for the Maldives include lower taxes, increased trade volume, and more opportunities for exporters to expand their reach. Additionally, Maldivian import incentives make it easier for small and medium-sized exporters to establish long-term business partnerships in the country, supporting a consistent flow of international products.
Through GSP trade agreements, exporters gain access to the Maldives with reduced trade barriers, allowing easy entry for a variety of goods. The Maldives preferential trade scheme simplifies import regulations and fosters better business relations between the Maldives and its trade partners. With Maldivian tax-free imports, global exporters can offer high-quality goods at competitive prices, boosting trade and investment.
Table of Content
The Generalized System of Preferences (GSP) is a trade program that allows developed countries to grant tax benefits to goods imported from developing and least-developed countries. Under GSP, eligible products are either taxed at lower rates or not taxed at all when exported to developed countries. This helps beneficiary nations increase their exports and boost economic growth. The scheme aims to enhance industrialization, employment, and trade diversification in developing economies. Major GSP granting countries such as the United States, European Union, and Japan offer these benefits, but each country has its own rules on which products qualify. Eligibility and product coverage are reviewed periodically, and countries may lose benefits if they no longer meet the required criteria.
Here is a list of benefits of obtaining GSP registration for Maldives:
The procedure of GSP registration for Maldives involves several steps to ensure compliance with trade regulations. Here’s a step-by-step process for obtaining the GSP Certificate:
To apply for certification, create an account on the DGFT portal using a Digital Signature Certificate (DSC) or any other authorized government portal.
An applicant must provide valid information and supporting documents with their application to prove the origin of their products.
The issuing authority will verify and confirm the product's origin by thoroughly inspecting it using a risk management system.
After verification and inspection, the authorities will issue GSP Registration to the respective applicants if approved. The GSP Registration must be in English only, as per the agreed rules under the agreement. The issued certificate must include all required information about the product and the exporting entity.
A product will be considered to originate from a contracting nation and be eligible for preferential treatment if it meets the following criteria:
Wholly Obtained or Produced Products:
Products with Import Content:
Products with imported content refer to goods manufactured wholly or partially using materials imported from other countries into Maldives. Such products qualify for the benefits of GSP if the imported materials or those of unknown origin undergo substantial transformation during the manufacturing process in Maldives.
GSP registration for Maldives requires specific documents to ensure compliance with export regulations. Here's a list of the essential documents needed for the process.
To qualify for the benefits of the Generalized System of Preferences (GSP) when exporting products to Maldives, the products must comply with Maldives's rules of origin. These rules determine which items can claim zero taxes upon arrival. The key requirements are as follows:
Origin Criteria: For a product to be eligible for importation into Maldives with GSP privileges, it must originate from an exporting country that is a GSP beneficiary country.
Transport Conditions: There are specific transport regulations for goods to qualify for duty preferences when shipped to Maldives to ensure that the goods maintain their eligibility for preferential tariff treatment upon arrival.
Documentary Evidence: It is essential to provide proper documents to verify compliance with the rules of origin and secure GSP benefits in Maldives.
The total cost for GSP registration is ₹6,235, covering a ₹736 government fee, ₹500 one-time registration fee, ₹2,000 application fee, and ₹2,999 professional fee, ensuring a smooth registration process. Below is the detailed structure:
| Particulars | Amount |
|---|---|
| Government fee | ₹736 |
| One-time registration fee | ₹500 |
| Application fee | ₹2,000 |
| Professional fee | ₹2,999 |
| Total cost of registration | ₹6,235/- only |
Note: This certificate is generally valid for one year from the date of issuance. After this period, exporters must renew the certificate for continued use in international trade.
India has enhanced its market access commitments for neighbouring service providers. These commitments provide companies with an opportunity to build market expertise and grow by international expansion. Under Free or Preferential Trade Agreements, there are multiple options where a certificate of origin can be generated from India for import benefits to importing companies. The following are the agreements available:
Conclusion
The GSP Certificate for the Maldives helps exporters pay lower or no import taxes, making their products more affordable and competitive in the Maldivian market. This certificate simplifies trade rules and reduces costs, helping businesses grow and build strong trade ties with the Maldives. Consult Professional Utilities to get your GSP Certificate now; our team of experts will guide you at each step of registration. With a small registration fee, exporters can enjoy tax benefits and smoother trade. India also has other trade agreements that offer similar benefits, making it easier for exporters to expand their business. Apply now and boost your exports to the Maldives.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Frequently Asked Questions (FAQs)
A GSP Certificate for Maldives allows exporters from eligible countries to benefit from reduced or zero taxes when exporting to Maldives, enhancing competitiveness and market access.
To apply, create an account on the DGFT portal, submit necessary documents proving the product's origin, and undergo verification before receiving the GSP certificate.
GSP registration allows exporters to reduce tariffs, comply with import regulations, gain access to trade incentives, and improve supply chain transparency.
Required documents include a Digital Signature Certificate, Import Export Code, commercial invoice, product description, purchase order, and manufacturer/exporter declaration.
Eligible products include live animals, agricultural goods, textiles, and products manufactured from materials originating in a GSP beneficiary country.
The total fee for registration is ₹2,908, covering government fees, one-time creation fee, and professional fees, valid for one year.
Products must originate from a GSP beneficiary country and meet transport and documentation requirements to claim zero tariffs upon arrival in Maldives.
The GSP certificate is valid for 12 months. After this period, exporters can apply for reissuance to continue enjoying preferential tariff treatment.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Industries Served by
Professional Utilities
Apparels
Footwear
Furniture
Gems and Jewellery
Tourism & Hospitality
Consumer Electronics
Chemicals
Telecom
Oils & Gas
Hotel
Railways
Liquor
Health & Medical
Food Processing
Dangerous/ Haz. Goods
Tea & Coffee
Capital Goods
Recycling
Rubber
NGOs
Silk
Handloom
IT & BPM
Steel
Automobile
Tobacco
Constructions
Call us on
+91 9958881762
[Mon - Sat, 10am - 7pm]
Write to us
804,8th Floor, Bhandari House- 91, Nehru Place, New Delhi 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
.svg)
.svg)
