ABOUT

Maldives

Maldives – truly a magical tourist destination host these beautiful islands tucked away from the hectic urban world. 1,190 islands are strung together as 20 atolls scattered across the Indian ocean giving way to these tropical islands with crystal clear waters caressing the pure white sands of the palm fringed beaches that has to be seen to be believed. Each coral ring made up of a group of islands naturally arranged in perfect union of serene beauty dazzling under the sunny sky.

The crystalline waters only but just begin to tell you of the deeper treasures that lie beneath for this is a nation where 99.9% is water, for one to truly fall in love with Maldives, you have yet to dive deeper. Such facts attract tourists seeking our luxury resorts dotted across the Atolls.

To travel around the Maldives, one needs to make the journeys across these waters, and Vermillion Ferry services as a public Transport Service Providers take much pride in being a part of this experience everyday.

TOURISM INDUSTRY

Blessed with such exotic beauty its no surprise that tourism is the biggest contributor for Maldives’ economy. Today with even more effort to grow this thriving industry, the government promotes to build and develop more resorts and expects GDP growth of around 4% in 2011.

Economy
Tourism is the biggest contributor for Maldives’ economy accounting for 28% of the country’s GDP while Fishing is the second leading sector of our economy. Over 90% of the government tax revenue is from import duties and tourism-related taxes. New implementations introduced in January 2011 includes a new Goods and Services Tax on Tourism (GST), and a new Business Profit Tax to be introduced during the year which is expected to increase the government’s revenue.
read more

MALDIVES AT GLANCE