Choosing the right bank in Madagascar is crucial for both individuals and businesses, given the varying levels of service, accessibility, and reliability among banks operating in the country. It’s also important to note that for entrepreneurs in Madagascar, opening a bank account is mandatory for any taxpayer generating revenue exceeding Ar 50,000,000 per annum, as per current fiscal...
There are many great business ideas in Madagascar that investors can take advantage of, however, certain business industries are subject to strict regulations, requiring permits or licenses from relevant ministries. Some permits must be secured before a company is established, while others are needed post-incorporation. This article provides an overview of the relevant activities...
Fianarantsoa is often perceived as an old and quiet town, mainly a stopover on the famous RN7 route. However, a closer look at Fianarantsoa will reveal that it is much more than just a transit point to the south of Madagascar. This historical city, known for its relaxed atmosphere, is also famous for its wine, tea, and rich cultural heritage. While it doesn’t have a thriving festival...
In Madagascar, companies have a legal and social responsibility to contribute to the well-being of their employees through various obligations, including social protection, health coverage, and professional development. Some of the contributions are deducted from the gross salary up to a capped amount, determined based on the minimum wage in Madagascar. Understanding these obligations is...
If you’re considering a move to Madagascar as an expat, or if you’re already living in the country, you may be wondering about your potential tax obligations. While there is no special tax regime for expatriates, taxes are applied based on residency status and the nature of the income or business activity. Understanding these rules is crucial to ensure compliance and avoid unexpected...
Marriages Between Malagasy and Foreigners Marriages between Malagasy people and foreigners are increasingly common due to globalization and growing cultural interaction. These unions are beautiful but can be complex, as they involve the fusion of two cultures, two mentalities, and sometimes very different customs. On the administrative level, these marriages require several formalities. The foreign...
When incorporating in Madagascar, it’s essential to consider not only operational aspects, but also the applicable taxes (and Madagascar Invest is here to accompany you for a smooth annual tax filing process). Each business structure sometimes comes with different tax obligations, which can significantly impact the company’s financial performance and long-term sustainability. The...
So you’re thinking about buying real estate in Madagascar, and considering which city offers the best real estate opportunities? This article is for you! Deciding on which city to invest in requires the consideration of the following criteria: return on investment, economic growth, infrastructure development, business and employment opportunities, as well as security. But above all, the most...
Introduction to Safety in Madagascar Determining the safety of a country is complex and influenced by various factors such as personal preferences and comfort with unfamiliar places. In this article, we ask the question: “is Madagascar safe?” and aim to address the most common safety concerns, focusing on aspects relevant to expats exploring the unique island of Madagascar. Understanding...
Madagascar and Mauritius, situated in the Indian Ocean off Africa’s eastern coast, offer distinct living experiences for expatriates. Their significant differences in living standards, economy, and infrastructure make an in-depth comparison crucial for those considering a move. Understanding these contrasts will help expatriates make well-informed decisions about relocating to either of these...