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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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About the EDBM

The Government of Madagascar is pursuing a policy of attracting foreign direct investments as one of the key strategies for the development of the country.

For this purpose, the Economic Development Board of Madagascar (EDBM) has been established in 2006 under the Presidency with delegated powers to facilitate and promote private domestic and foreign investments in Madagascar. It is also responsible for the formulation of appropriate investment promotion policies and strategies.

The EDBM's role is to ensure that the business climate of Madagascar is attractive and conducive for the success of private enterprises and for investments in general.

A team of experts at EDBM with a strong industry expertise offers a personalized range of services to facilitate and promote investments. These include:

  • Advising on investment opportunities;
  • Assisting for setting up businesses, and issuing work permits, visas, licences and any other clearances;
  • Acting as a one stop shop for investors;
  • Organizing road shows with participation of the Private Sector;
  • Acting as a bridge between Public and Private Sector.

EDBM's structure:

Department of Facilitation and Projects

This department offers the following services:

A one –stop shop to, inter-alia,

  • Register and set up a company in 4 days
  • Provide EPZ certificates for export oriented enterprises
  • Provide all necessary authorisations for tourism industry
  • Grant environmental permits when required
  • Grant long-term visas and work permits for expatriates
  • Provide access to land ownership for foreign investors

Department of Promotion and Communication

This department is in charge of :

  • Promoting of Madagascar as an attractive investment destination
  • Targeting key markets for investment promotion
  • Organizing of investment promotion programmes and activities
  • Undertaking research on new investment opportunities and best practices
  • Promoting joint ventures
  • Coordinating with Malagasy Embassies abroad
  • Identifying sources of technical assistance for training
  • Strengthening information gathering systems and information exchange.