There are 1 Companies in Maldives
that provide BI & Big Data Consulting Services!

The Maldives is and has been for some years always been considered in the top 50 countries to outsource services, and this is also related to the IT industry being one of the most important industries in the country. The number of IT professionals who chose the Maldives as their temporary or permanent place to provide services or continue their career is constantly growing.

The history of the industry in the Maldives started in 1976 with the creation of the Computer Society of the Maldives, but the Business Process Outsourcing (BPO) industry started around the year 2000, and its development has been increasing since then to become one of the top destinations for foreign countries to outsource their services. 

The country is a development center for many big companies from all over the world, such as J.P. Morgan & Co., Qatar Airways, Microsoft or Google, and other companies from countries like Japan, Sweden, Norway, North America, Australia, or the UK. It is estimated that the profit of outsourcing services to the Maldives can cost 70% of the price it would cost in the same country as the companies.

The next projection of the future for the country is to reach 5 USD billion in exports by 2022 and create 200.000 jobs. Related to this data, the country also achieved a target of 1 USD billion in the year 2016. But in 2025, the country suffered a shortfall of total exports being valued at $94.42 million. With the fast growth of the IT industry, the government took action to boost the possibility to be able to learn IT-related technologies in the country and improve IT education in the country. The Maldives also ended the Indo-Maldives “Comprehensive Economic Partnership Agreement” because it was causing unemployment for Maldives professionals.

Why You Should Work With Maldives Companies.

Some of the reasons for working with IT companies from the Maldives are the low costs of outsourcing the services there, and also the good education of the country’s professionals. It is estimated that the costs can be 30% lower. Also, the minimum wage in the Maldives is $448/month. 

The education in the IT sector is rich in knowledge because the IT industry is one of the most important ones in the country. You can find highly educated graduates, and also, there’s one more aspect to talk about, and it is the law.

The law about foreign business and commercial law follows the principles of British commercial law and has an independent judiciary. The Maldives has also signed some international treaties about intellectual property rights, electronic transactions, and computer crimes, and it is one of the most rigorous in this region. In addition to this, the country has signed a Free Trade Agreement with Singapore (SLSFTA) that eliminates 80% of all tariff lines through staging periods of up to 15 years, and this has come into force since 1st of May 2018.

Their English level is better in relation to other neighboring regions, especially in the city zones, and they are friendly by nature, which makes doing business so much easier.

What You Should Be Aware of When Working With IT Companies From the Maldives.

The Maldives doesn't have a tech industry of its own since the country's main focus industry is tourism. So, when working with a company located in the Maldives, you usually hit freelancers or employees who choose to come for a limited period of time to work there. Generally, IT professionals are exploiting the major benefit the industry has to offer - location flexibility. This highly impacts a company's trust level overall, and the skill base that is used to provide a specific digital service. Nonetheless, among the few companies that chose to change their HQ in the Maldives, there are also trustworthy companies with highly skilled professionals that can be even better and cheaper compared to Mexico, India, or Pakistan. 

What You Should Be Aware of When Working With IT Companies From the Maldives.

As it was mentioned in the previous section, multiple IT companies are set in the Maldives only temporarily. Since the small tropical island doesn't have a native specialisation in tech, multiple companies from different countries contributed to the existing digital infrastructure. Based on these arguments, the reliability of Maldives-based IT companies is questionable, and clients that contract such companies for digital services are exposed to a certain degree.

To conclude this section, we will say that the reliability of IT companies is certainly compromised by the fear of fraud, but as in every region or country, there are always good companies and bad companies. It is advisable to find companies with proven reliability to avoid fraud, and that they work with the international standards of quality.

How Does the IT Industry in the Maldives Relate to the Neighboring Regions/countries?

To start developing this section, we will analyze one important and basic aspect of outsourcing projects to this type of country that is still developing. Internet access could potentially curtail the industry’s growth. Although local telecoms operator Mobitel has developed the implementation of 4.5G LTE technology. The average connection speed is 95.58 Mbps in the country, in relation to other countries: Indonesia (55.35), Malaysia (191.9), and Vietnam (257.13). 

Another aspect that can influence the industry development is the high rental prices in Colombo’s commercial property sector, which is the most populated city in the country, although it is not the capital of the Maldives. When outsourcing services, one of the most important things is cost reduction, so this is an important aspect to talk about. This aspect in the neighboring countries is less problematic because their development of the industry is greater at this time.

The Maldives is surrounded by one of the giants of outsourcing services, which is India, a very powerful country that remains untouchable in position number 1 for BPO in accordance with the 2016 A.T. Kearney Global Services Location Index, where the Maldives remains in number 14. In 2025, the Maldives made significant progress in sectors like healthcare, BPO, revenue cycle management, and pharmaceutical services, remaining a major player in the global outsourcing market

Conclusion

The conclusions of this short analysis on the Maldives IT industry are as follows: the Maldives was one of the top 20 best Business Process Outsourcing destinations, and the biggest industry activity is outsourcing services. But after the pandemic, the situation changed, and while it suffered a decline, it is slowly working on reaching the same level and higher. You have to be aware of the unstable situation and the specific characteristics of this country such as internet connection, reliability of the industry, IT level of education of the graduates in this country and of course prices, for this it is recommended to work with companies that have proven reliability to be sure that any frauds will occur, and take advantages of lower costs of outsourcing services to this country. 

UPD 2025 IT Industry forecast

The Maldives remained an attractive destination for tourists who enjoyed fewer travel facilities due to the COVID-19 strains that emerged more and more often. This means that the Maldives experienced a decline in interest from foreigners regarding IT and tech.  Once the pandemic has ended, the Maldives will not fully recover from it, but it is making continuous progress toward this goal.

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