Name Reservation

This service can be used by individuals and entities for the reservation of names for business purposes. All approved names will be reserved for a period of 14 days. The expiration date will be seen on the application.

Responsible Entity: Ministry of Economic Development and Trade

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Guide to Reserve Name

Description

This service can be used by individuals and entities for the reservation of names for business purposes. All approved names will be reserved for a period of 14 days. The expiration date will be seen on the application.

Before you start

Please ensure that the following service(s) are completed before proceeding with your application.

  • Not applicable

Eligibility

  • Not applicable

How to apply

  • You can apply using an Efaas account.

  • Logging into your own account and clicking the 'Apply Now' will direct you forward.

Documents required 

  • Not applicable

After you apply

  • After successful submission a notification will be sent to your email and phone.

  • You can check the status of the request from the history tab. 

  • Once the application is approved the status will change to “Approved”. 

  • Should the status of your application be changed to “Incomplete”, you will receive a notification along with the remarks via  email and phone.

  • Once the application is processed, the status of the application will change to “Processed”.

Service fee

  • Not applicable

Payment notification

  • Not applicable

Estimated time frame

  • All duly completed applications will be processed within the same business day.

FAQs

1. I have a reserved name. Can I use this name to start a business?

You are not automatically eligible to operate a business under a name you have reserved. You must first register the reserved name as a business in order to use it for business operations.

2. What are the consequences of operating a business without registering the business name?

A fine of MVR 2,000 will be levied.

How does a registered business reserve an additional Business Name for Business Name registration or name change purposes?

If you are an existing business, you are required to select the business profile in order to submit the Name Search and Reservation request.

How does a registered business reserve an additional Business Name for Business Name registration or name change purposes?

If you are an existing business, you are required to select the business profile in order to submit the Name Search and Reservation request.

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