Company registration in Madagascar

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
On request On request On request
Accounting services
On request On request On request
Annual renewal (paid from the second year)
On request On request On request

Deal of the month

If you will register a company until July 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Madagascar is an island nation located in the Indian Ocean off the eastern coast of Africa. The country is rich in natural resources, including graphite, coal, salt, gemstones, and quartz. Unique flora and fauna, a warm climate, and beautiful beaches contribute to tourism development. The opportunity to buy a company in Madagascar will be of interest to investors who plan to do business with the countries of Africa. With them, the state has signed many agreements. The presence of six major ports also facilitates active international trade. In addition, entrepreneurs who intend to register a company in Antananarivo or any other city in Madagascar can receive tax-free income outside the country.

Advantages of registering a company in Madagascar

  • To register a company in Madagascar. It is enough to have one shareholder and one director of any nationality;
  • The minimum amount of capital to start a company is $1;
  • The cost of doing business is low because of the cheap labor force and the affordable price of renting office space;
  • A developed system of road, rail, air, and sea communications makes it possible to develop trade relations with partners both within the country and abroad.

Main forms of legal presence and doing business in Madagascar

  • Limited Liability Company (Société anonyme);
  • Limited Liability Company (Société à responsabilité limitée);
  • a branch or representative office (Société de Droit Etranger).

What form an investor decides to open a company in Madagascar will depend on the requirements for the amount of share capital and management bodies, the cost of setting up a business, the timing of opening a firm, and the amount of taxes.

Registration procedure in Madagascar

The L'Economic Development Board of Madagascar is responsible for issuing permits for new companies. To open a business in Madagascar, you have to:

  • Obtain a taxpayer identification number (NIF);
  • Submit the documents for registering a company in Madagascar at the LDBM single window;
  • Legalize the articles of association at the town hall;
  • Fill out the application form at the Bureau des Sociétés;
  • Submit the data for publication in a national daily newspaper;
  • Register your staff with the Social and Health Security System;
  • Notify the Labor Inspectorate of the beginning of the activity.

Opening a company in Madagascar in the EDBM single window seems easy at first glance. However, bureaucratic red tape can take up to 4 months.

Legislation and Regulatory Environment of Madagascar

Foreign investors and resident individuals can buy a company in Madagascar and equitably engage in all remunerated activities. In addition, non-resident owners can own a wholly owned business and repatriate their income without any limit on the amount. The exception is the telecommunications sector, where the share of foreign investors can be at most 66%.

If you decide to open a company in Madagascar and operate in banking, insurance, mining, oil and gas, medicine, and pharmaceuticals, you must consider the additional regulations. They apply to both foreign and local entrepreneurs.

Madagascar's tax system

Resident companies are subject to income tax, regardless of where they do business. Non-residents - only if they receive income in the territory of the state. The amount of income tax is:

  • 5% of 70% - for resident corporations with an annual turnover not exceeding 200 million MGA, depending on the field of activity;
  • 20% - for companies registered in Madagascar with a yearly turnover of more than 200 million MGA;
  • 10% - for foreign enterprises earning income in the country (except for credit institutions - for them, the tax rate is 20%).

There is also a tax on imports and property ownership, VAT, excise taxes, and social and parafiscal payments.

Open a business in Madagascar: how the lawyers of Prifinance can assist

An investor must familiarize himself with the legal regulations and determine if the planned activity is regulated before establishing a company abroad. To buy a business in Madagascar and get the maximum benefit, it is necessary to understand the differences between the existing organizational-legal forms of companies and learn in detail about the tax system and regulatory authorities.

Prifinance lawyers will provide detailed advice and help you choose the best option regarding the comfort of doing business and tax optimization. Our staff will assist in preparing and submitting a package of documents that will quickly register the company and begin the planned activities. In addition to full support of opening a company, we provide accounting services.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again