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Investing in Madagascar

The EDBM is there to facilitate and promote domestic and foreign direct investments. Our aim is to make the investment climate attractive to private companies and favorable to their success.

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Why Madagascar

8 reasons to invest in Madagascar


1. Strategic Location


An island with a dynamic geo-political location situated at a strategic crossroad between Africa and Asia ;
Located on a major maritime axis (Asia-Africa);
Ideal location for regional, inter-regional and international investment and business.

2. A Dynamic Market for Foreign Investment


A multitude of opportunities for business and investment across 6 key sectors: agribusiness, light industry, infrastructure, mining, tourism, Information and Communication Technology;
A political climate and framework conducive to foreign investment and business – Investment promotion and protection agreements with many countries, such as France and Germany;
A strong and dynamic private sector with a young, vibrant and competitive workforce, particularly in light manufacturing sector.

3. A Dynamic Country in Transition (18 million with purchasing power)


An ambitious, and innovative development program – the Madagascar Action Plan (MAP) – recognized and supported by the international donor community;
Transparent and responsible government;
A peaceful nation – A stable socio-political environment without ethnic or religious conflict;
Adherence to democratic values and the rule of law;
A stable growing economy undertaking major public sector reforms mainly in justice, decentralization and accountability;
Significant public investment in quality infrastructure, especially in road construction;
A burgeoning Information and Communication Technology sector with great opportunity when Madagascar will be connected through fiber optics to the International network.

4. High Quality Environment


A unique destination for tourism, of all types including eco-tourism;
Vast areas of virgin landscape;
Stunning scenery and extensive unspoilt coastline;
A varied climate suited to a wide range of tourism and agricultural production;
Abundant and fertile land for agricultural production.

5. Partnership with the International Community


Net beneficiary of multi and bilateral funding towards sustainable economic development;
Granted multilateral debt relief (World Bank);
Excellent track record in aid management (9th European Development Fund);
ACP member benefiting from European Union (EU) development cooperation and commerce;
First country to qualify for financial support from Millennium Challenge Corporation;

6. Preferential trade agreements


Preferential market access to EU;
Preferential market access to the United States (US) until 2012 for textile and apparel, handicraft, etc.;
Member of regional trade bodies: Southern African Development Community (SADC); Common Market on Eastern and Southern Africa (COMESA); Indian Ocean Commission (IOC)

7. High Economic Potential

 

Business opportunities for long-term investment are significant; with:

  • 18 million hectare of cultivable area
  • 5,000 km of beaches
  • An unique fauna and flora
  • Only 2% of hydroelectric potential is used,
  • Abundant & diverse resources,
  • High-quality specialty products.

8. Existence of One stop shop: The Economic Development Board of Madagascar (EDBM):


Land and real estate access and ownership for foreign investors & protection of property rights; Updated Law on Investments;
Agreement on double taxation, International transfer of funds;
Investment promotion & protection agreements with many countries.


INVESTMENT LAW:
Freedom of investments
Equal treatment of all investors
Protection of Property rights
Free profit transfer;
Freedom to hire and dismiss expatriate and local employees;
Extension of entry visa and residency permits for investors, transformation of these visas to professional and renewable visas valid for 3 years;
Access to land for foreign investors;
Dispute resolution