Starting a Business in


Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Madagascar. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in June 2014.

Compare Madagascar to 188 other economies.

  • Standardized Company

  • Legal form: Socièté a Responsabilité Limitée (SARL)
  • Paid in minimum capital requirement: MGA 0
  • City: Antananarivo
No. Procedure Time to Complete Associated Costs
1 Obtain a provisional fiscal identification number
Agency: Tax registration - NIFONLINE

Prior to registration of the company, the entrepreneur has to obtain a provisional fiscal identification number. In order to do so, the entrepreneur has to apply online and then submit the registration form together with other documents to the EDBM fiscal.
1 day no charge
2 Deposit registered statutes, apply for license (carte professionnelle), obtain a final fiscal identification number, and obtain statistical identifications
Agency: EDBM

The k-bis, statistical card, tax registration confirmation, commercial registration number, and professional card (carte professionelle) can be obtained in about 2 days. Owing to reforms, a notice of publication is no longer needed to obtain the k-bis. Since 2007, the one stop-shop (Guichet Unique, GUIDE) sends the company the certificate for the deposit of statutes (certificat de dépôt d'actes). When filing all documents needed to obtain the k-bis, the company must provide GUIDE with a stamped envelope. The company can continue with subsequent procedures in the meantime.
The firm's management also needs to file forms for each employee with the National Social Security Fund (Caisse Nationale de Prevoyance Sociale). The required forms, the registration application (demande d'immatriculation) and the application for workers affiliation (demande 'affiliation travailleur) must be filed along with the corporate registration certificate and notarized copies of each employee’s passport and birth certificate, if under age 18.
To file for health insurance, the company promoters must file two copies of an application form (bulletin d'adhesion nouveau membre) along with a list of names of all employees and their identity cards.
According to ""Nouvelles N°1534 du 21 mars 2009"" it is possible to register at the one stop shop (at the EDBM) for the Caisse Nationale de Prevoyance Sociale and the Organization Sanitaire Tananarivienne InterEntreprise.
It takes on average 4 to 8 days to get registered with the EDBM. Then it takes about 2 days to publish the notice of constitution.

Fee schedule:
• Commercial registration fee: MGA 15,500.
• Deed registration costs: MGA 2,000.
• K•bis: MGA 2,000.
• Institut National de la Statistique Malgache (INSTAT) (see Decree 2005-380, dated June 22, 2005): MGA 40,000.
• Registration fees: 0.5% of the share capital.
• Fee to publish a notice of constitution in a daily newspaper: approximately MGA 23,500.
In addition, the following fees need to be paid:
• 0.2% of the lease
• Payment of the income tax (accompte de l' impot sur le revenu): MGA 320,000
4 days see comment
3 File a notice of constitution to be published in a French newspaper
Agency: EDBM

Entrepreneurs must publish a legal notice of constitution in a newspaper which can be completed within 2 days. The published extract is also submitted together with the company’s application for registration at the one-stop shop (EDBM).
2 days no charge
4 Register employees with Social Security
Agency: EDBM

The company must register its employees with the National Social Security Fund (Caisse Nationale de Prevoyance Sociale), and file two copies of an application form (bulletin d'adhesion nouveau membre) along with a list of names of all employees and their identity cards to enroll for health insurance.
1 day no charge

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