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- Located between Africa and Asia, Madagascar offers easy access to African markets, as well as trade routes to Europe and the Middle East.
- Its position in the Indian Ocean makes it a gateway for logistics, export, and re-export activities.
- Business registration costs and maintenance fees are relatively low.
- Labor costs are significantly cheaper compared to nearby African and Indian Ocean countries.
- Office space, utilities, and operations are affordable, making it attractive for startups and SMEs
Madagascar has growth potential in:
- Agriculture & Agribusiness
- Mining & Natural Resources
- Tourism & Ecotourism
- Renewable Energy
- ICT and BPO Services — many French companies outsource to Madagascar due to its French-speaking workforce and low costs.
- Member of several trade blocs:
- COMESA (Common Market for Eastern and Southern Africa)
- SADC (Southern African Development Community)
- AfCFTA (African Continental Free Trade Area)
- Preferential access to European (via the EU’s “Everything But Arms” scheme) and U.S. (via AGOA) markets.
- The Economic Development Board of Madagascar (EDBM) offers a “one-stop shop” to register companies quickly (often within a few days).
- Foreigners can own 100% of a company in most sectors.
- Simple structures like SARL (LLC) or SA (public limited company) are available.
- Free Zone Regime: Export-oriented companies can benefit from tax holidays and customs exemptions.
- Corporate tax rate: under 400,000,000 MGA (approx. 84,000EUR) the Tax is at 5% , above that threshold the tax will be around 20% of the profit, with potential reductions for specific industries.
- Double Taxation Treaties (DTTs) with several countries.
- A large pool of educated, French- and English-speaking professionals.
- Competitive labor market, especially for IT, customer service, and administrative roles.
Recent governments have prioritized FDI, digitalization of business processes, and anti-corruption efforts.
- The investment climate has steadily improved under guidance from the World Bank and IMF.
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