Leverage our global experience for seamless company registration in Madagascar with Enterworld. Thrive on the beautiful island of Madagascar and maximize your company profits today!
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1 to 2 weeks
Company Registration
No
Travel Required?
Yes
Local Director
2 to 4 weeks
Bank Account Opening
SPecial offer
Company registration in Madagascar as a limited liability company is the most preferred business structure in Madagascar. It is locally known as Société à Responsabilité Limitée or SARL. 1 director and 1 shareholder must be appointed in an LLC in Madagascar, who can be of any nationality. The minimum capital required for a limited liability company in Madagascar is US$1, and the regulatory authority is the Ministry of Finance and Budget. As an LLC owner, you are required to appoint a local resident representative and a legal auditor in Madagascar, as you will be required to maintain the account book in French at your registered office and submit the annual financial statements. You can complete your Madagascar business setup and open a corporate bank account in 2 weeks. Company Registration in Madagascar as a public limited company, locally known as Société anonyme i.e., SA requires a minimum requirement of US$800 for formation. This is a form of company that is legally owned by shareholders, and the shares can be traded on the Madagascar stock exchange. If you have a large business, a public limited company is the preferred company structure for your business. A PLC requires at least 1 shareholder and 1 director who can be of any nationality. A public limited company also requires a resident representative and an approved auditor for annual financial statements. Company registration in Madagascar, setup and opening a corporate bank account will take 3 weeks to complete. The recommended bank for a PLC is BNI Madagascar, and a regulatory authority is the Ministry of Finance and Budget. Madagascar Free Zone Company is officially registered after approval from the EDBM. It usually takes 3 weeks for company formation in Madagascar and to open a bank account. The total cost to set up and run the business for one year in Madagascar is US$11,750. A Madagascar Freezone Company can be fully owned by foreigners, and no local shareholder is needed. It only requires one director and one shareholder. To qualify for special benefits under the Export Processing Zone (EPZ), the company must export 95% of its products. These benefits include no taxes for 15 years, no registration tax, no tax on exports, no VAT on customs duties and imported raw materials, free access to foreign currency in the company’s bank account and an income tax rate at 30% of taxable income. A branch office in Madagascar, which is also known as Succursale, can be fully owned by a foreign company, and it requires a minimum of US$1 to start operating. Its main role is to represent the foreign company and share information on its behalf. It requires at least one director and one shareholder. A statutory audit is required, and the corporate tax is 20%. It takes four weeks for Madagascar business setup and to open a bank account. The parent company decides what the branch office can do. The branch must have a registered office in Madagascar and a local representative to receive official documents like notices and legal papers. The total cost to set up a business in Madagascar as a branch office in one year is US$13,290, and subsequent annual costs, including accounting and tax fees is US$4,825. A Madagascar Representative Office, also known as Bureau de représentation, can be fully owned by foreigners, but it cannot make money in Madagascar. All its expenses must be paid with money sent from abroad. It requires a minimum paid-up share capital of US$1. It has unlimited legal liability, and it must have a local director and representative. A Representative Office requires at least one director and one shareholder. This type of office can only do market research and promote the parent company’s business. Like a branch office, the parent company must appoint a local representative in Madagascar. Company set up and opening a bank account may take about 4 weeks. The corporate tax rate is 0%, and the total cost to set up and run the business for one year is US$11,190. Company registration in Madagascar offers multiple benefits. The formation process is also easy and hassle-free. It is done through the Economic Development Board of Madagascar (EDBM), which regulates registration with low operating costs, driving entrepreneurs to go for the Madagascar business setup. Madagascar offers affordable labour. The availability of skilled workers at a low cost is one of the country’s key advantages, ensuring businesses cut down on operational costs, which helps entrepreneurs consider establishing their company in Madagascar. Madagascar has a business-friendly environment with government initiatives aimed at encouraging foreign investment. The country's tax incentives and special free zones attract investors and provide a supportive framework for companies to grow and succeed in the unexplored island country of Madagascar. Madagascar is located in the Indian Ocean, offering easy access to both African and Asian markets. Its position along major global shipping routes gives it a strategic advantage, with ports that efficiently support import and export activities. This strategic location is ideal for businesses looking to expand to Madagascar. Located on the southeastern coast of Africa, Madagascar offers various business opportunities. With a population of over 27 million, the Malagasy people offer an unexplored market for businesses and provide a friendly environment. The key benefits of company registration in Madagascar include: +1k Customers Madagascar offers low corporate taxes and exemptions for the country’s important sectors like renewable energy and tourism. Madagascar also offers great financial incentives such as tax exemptions, reduced corporate tariffs, and free zone incentives. The company formation of Madagascar is a process that is easy and hassle-free, it is done through the Economic Development Board of Madagascar (EDBM), which regulates the registration with low operating costs, making it an attractive choice for entrepreneurs. Madagascar is a country where business operations are cost-efficient. Business Sectors such as agriculture, mining and tourism offer low-cost operations and setup. Affordable labour costs also add to the benefits, allowing entrepreneurs to increase profits. Company registration in Madagascar offers a business-friendly environment for its entrepreneurs with its business-friendly policies. It also offers an excellent economy and market for various different industries. Due to its location, Madagascar is positioned as a strategic location. Its proximity to the major Asian markets, the Indian Ocean route for trade and the time zone benefits make Madagascar an excellent choice for entrepreneurs. Madagascar have low-cost labour with a minimum wage that is helpful for startups and new entrepreneurs. Madagascar’s skilled, low-cost labour is the country’s greatest advantage for businesses, allowing companies to reduce the overall operational cost. Madagascar is filled with various natural resources. The country is abundant with minerals, biodiversity and fertile land. Madagascar also has the potential for hydropower and unexplored cropland, making it attractive for global entrepreneurs for investment. Company registration in Madagascar is made easier by the availability of affordable office spaces. Rent is much lower than in many other countries, making it cost-effective for businesses to set up.
Forms of Entities in Madagascar
Business Structures in Madagascar
Limited Liability Company (Société à Responsabilité Limitée – SARL)
Public Limited Company (Société anonyme – SA)
Free Zone Company (EPZ company)
Branch Office (Succursale)
Representative Office (Bureau de représentation)
Company Registration in Madagascar
Why Entrepreneurs Prefer Madagascar Business Setup?
Low-Cost Labor
Business-Friendly Environment
Strategic Location
Benefits of Company Registration in Madagascar
Financial Incentives
Simplified Business Setup
Low cost of doing business
Business-Friendly Environment
Strategic Location
Low-Cost Labor
Resource-Rich Economy
Affordable Office Spaces
Documents Needed
Documents Required for Company Registration in Madagascar
The company registration in Madagascar will require following a few steps, which includes:
The good industries in Madagascar include agriculture, tourism, mining, and renewable energy. These business industries offer great opportunities for investors and businesses.
The different types of legal company formation in Madagascar includes:
The Regulatory authority for company registration in Madagascar is Ministry of Finance and Budget for all other company structures and Economic Development Board of Madagascar (EDBM) is the regulatory authority for the Free Zone companies.
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