Madagascar offers numerous opportunities for foreign entrepreneurs thanks to its strategic geographic location and favorable investment climate. It’s an increasingly popular destination thanks to abundant resources, a skilled workforce, and MadExpat’s tailored support.

An Island of a Thousand Opportunities

In recent years, Madagascar has attracted a growing number of foreign entrepreneurs eager to invest in an emerging economy with underexploited potential. The Big Island boasts natural, human, and geographical capital, making it fertile ground for bold investors. In 2023, foreign direct investment (FDI) in Madagascar increased by 12.7%, reaching approximately 612 million USD, according to the Malagasy Ministry of Economy and Finance. The most promising sectors include agribusiness, renewable energy, tourism, information technology, and mining processing.

But investing in Madagascar is not limited to a financial perspective. Many entrepreneurs attest to the human and cultural richness they discover there. However, as in any foreign country, settling in and navigating administrative procedures can quickly become a headache.

MadExpat, a key player in the foreign entrepreneurial ecosystem in Madagascar, facilitates the settlement process.

MadExpat: your partner for a stress-free settlement

MadExpat is the leading agency for expatriates and foreign investors in Madagascar. It supports international project leaders throughout all stages of their settlement process, providing tailored services in several areas:

1. Obtaining an investment visa and residence permit

One of the biggest obstacles for foreigners is navigating the complex local administration. MadExpat facilitates:

• Applying for an investor visa (long-stay visa)
• Obtaining a resident card
• Residence permit renewals
• Procedures with the Economic Development Board of Madagascar (EDBM) and relevant ministries

Thanks to its partnerships with Malagasy institutions, MadExpat reduces processing times by an average of 30 to 50%.

2. Business Creation and Legal Formalities

MadExpat offers comprehensive support for:

• Choosing the appropriate legal structure (SARL, SA, etc.)
• Registration with the French Trade and Companies Register (RCS)
• Opening business bank accounts
• Managing taxes and legal compliance

The agency has helped several foreign entrepreneurs successfully launch their businesses.

3. Housing Search and Relocation

Moving to a new country isn’t just about administrative procedures. MadExpat offers:

• Real estate searches (apartments, villas, offices)
• Lease negotiations
• Moving and international transportation services
• Logistical support upon arrival (local SIM card, chauffeur-driven car, interpreter, etc.)

4. Private concierge and integration

To ensure a smooth transition, MadExpat also offers:

• Enrollment of children in international schools
• Health and insurance management
• Networking events for expatriates
• Training on Malagasy culture and customs

Why invest in Madagascar in 2025?

Here are some key figures that demonstrate the country’s current economic dynamism:

• GDP growth rate projected for 2025: 5.2% (World Bank)
• Average monthly cost of an office in Antananarivo: 150 to 300 USD depending on the area.
• Average salary of a skilled employee: 150 to 250 USD per month.
• Literacy rate: 75%, with a large number of young people trained in ICT, law, business, and engineering.

Preferential access to European markets via the GSP+ system and to those of the SADC.

MadExpat: The strategic ally for a successful entrepreneurial adventure

Madagascar, much more than a tourist destination, is becoming a strategic investment platform in Africa. The local ecosystem, available resources, and competitive costs are attracting more and more entrepreneurs. But to turn this opportunity into a concrete success, the support of a local organization like MadExpat is an invaluable asset. Thanks to its expertise, network, and personalized services, it makes settling in for foreigners seamless, secure, and stress-free.

Are you interested in starting a business in Madagascar?

Contact MadExpat for a personalized consultation and make the Big Island the next chapter of your entrepreneurial adventure!