Island Dream

Maldives bets on tax-free $8.8B digital hub developed by Qatar

The project, which is expected to generate over $1 billion in revenue, promises zero corporate taxes, tax-free inheritance and no residency requirements

Mohamed Afrah / AFP via Getty Images

Beachside at sunrise in Male, capital of the Maldives

A new $8.8 billion financial oasis is rising in the Maldives with a focus on blockchain and digital assets, and it’s entirely tax-free.

MBS Global Investments, the Dubai-based family office of Qatar’s Sheikh Nayef Bin Eid Al Thani,...