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How is the market cap and valuation of Orient Press Limited (ORIENTLTD) ✌️【Portfolio】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. This departure tax applies to all non-Maldivian visitors regardless of age or passport, and it also doesn’t take the length or duration of the flight into account, meaning a traveler will pay the same to take a four-hour flight to Delhi or an 11-hour one to London.

How is the market cap and valuation of Orient Press Limited (ORIENTLTD) ✌️【Portfolio】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. The Maldivian Inland Revenue Authority (MIRA) announced the tax increases in November. According to MIRA, revenue from this tax goes toward maintenance and upkeep of Velana International Airport (MLE), the country’s primary transit hub.

However, some tourists may not even notice the new charges. These fees are generally added to the price of airline tickets, so travelers don’t have to fork over cash when they go through passport control.

Beond, a startup all-business-class airline that flies to the Maldives, has posted a note on its website advising customers to buy their tickets before November 30 to avoid the new departure tax.

Located off the coast of India, the Maldives has a population of about 525,000 across more than 1,000 islands and atolls. The majority of citizens are concentrated in the capital city of Malé.

Its most profitable industry is tourism, but the country hasstruggled to balancethe money brought in by international luxury tourists with the needs of its population. Geography makes the Maldives an easy sell for high-end brands, as hotels and resorts can easily have their own private island.

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