Madagascar flag Madagascar: Investing in Madagascar

Investment framework and opportunities in Madagascar

Procedures Relative to Foreign Investment

Freedom of Establishment
Madagascar’s legal framework does not discriminate against foreign investors, nor does it prohibit, limit, or condition FDIs. Any natural person or legal entity is free to invest in the country, and both national and foreign investor enjoy equal treatment in any sector of the economy.
Acquisition of Holdings
In general, there is no limit for foreign ownership or control in a company in Madagascar. Both foreign and Malagasy investors are free to hold up to 100% of shares of stock in the company in which they carry out their activities if the business is officially registered and complies with the regulations in force.
Obligation to Declare
Newly established companies have to register at the Economic Development Board of Madagascar (EDBM) one-stop shop, where they can obtain their statistical card, tax registration confirmation, commercial registration number, and professional card. They must also register for social security and health insurance at the same shop. If a newly registered company (domestic or foreign) wants to engage in international trade, it must also register with the Ministry of Commerce and Trade.
Competent Organisation For the Declaration
Economic Development Board of Madagascar (EDBM)
Requests For Specific Authorisations
No specific organizations are requested to foreign investors.

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Latest Update: July 2022

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