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Madagascar, situated off the eastern coast of Africa, offers a wide range of options to people within the country for carrying out business. Doing business in Madagascar is quite easy and convenient provided the person wanting to do business in Madagascar follows the various business protocols. From the setting up of the business to establishing contacts, every step of doing business in Madagascar is important and necessary.
There are various kinds of businesses in Madagascar including IT , transportation, insurance, communication, real estate, restaurants, hotels, tourism etc. before setting up a business in Madagascar one has to choose the type of business. For starting a business in Madagascar the fist step is registration which consists of legalizing the signature of the owners of the company at the office of the Mayor in Antananarivo. Fiscal stamps should be bought for every copy of Articles of Association. These are followed by a number of legal procedures. Taxation forms an important aspect of doing business in Madagascar.
Once a business gets government approval, the owners of the company have to deal with the various types of licenses. Employment of the workers is the next major step in setting up of a business in Madagascar. Working hours should be fixed and so should the salaries. Obtaining credits and protection of investors constitute principal aspects of business requirements in Madagascar. For doing business across the borders various procedures regarding export and import of goods have to be followed. The costs involved are also taken into account.
Doing business in Madagascar, therefore, involves various kinds of procedures and rules that are mandatory. Closing a business also requires the following of a number of regulations.
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