The uniqueness and richness of the biodiversity of Madagascar is an asset for tourism investment.

The city offers potential investment opportunities in the form of mining, agriculture, textiles, ICT, renewable energy, infrastructure, and fisheries.

Investment

Madagascar’s legal framework does not segregate any foreign investors. Any individual or legal entity is free to invest in the country, and both national and international investors enjoy equal benefits in any sector of the economy. The economy of Madagascar is mainly driven by agriculture. Nearly half of export revenue comes from three products:- nickel, vanilla, and cloves. Other business categories include textiles, mining, agro-industry, renewable energy, and tourism. The main exports of Madagascar include cobalt, diamonds, nickel, vanilla, coffee, sugar, chromite, gold, crude oil, precious stones, and petroleum products. Major imports include petroleum products, foodstuff, capital, and consumer goods. Madagascar offers a range of investment opportunities in the form of potential mining, agricultural, renewable energy, fisheries, tourism which are particularly dense and diversified, which only need to be exploited. The richness and uniqueness of its biodiversity are also amazing assets for tourism investments. As per the Madagascar Emergency Plan 2019/2023, public and private investment is expected to be stimulated. The Madagascar Emergency Plan aims to boost the country’s economic growth, improve governance and strengthen its human capital. The Government of Madagascar relies on Public-Private Partnerships as several ambitious infrastructure projects are being implemented in sectors like telecommunications, tourism, energy, etc. With a bold sectoral strategy aimed towards facilitating sectors with strong comparative advantages, Madagascar offers a wide range of opportunities in tourism, mining, textiles agribusiness, ICT, infrastructure, and renewable energy.

7 Reasons to invest in Madagascar

1 Access to 34 African countries holding a potential customer base of more than 600 million

In addition to the surplus customer base, doing business in high-potential free zones is also a possibility.

2 Exemption from paying Custom Duties

Due to the agreements between Africa with the US and European union, businesses are exempted from paying custom duties for the exports.

3 Plethora of investment opportunities

Many business opportunities are being offered in the fields of mining, tourism, agriculture, ICT, renewable energy, textiles, infrastructure.

4 Affordable Services

As the costs of labor, lease prices for industrial sites, electricity, water are very low, the ease of doing business is high. In addition to this, the chances of exploitation of the resources, natural weather all add up to the features which attract businesses.

5 Laws favoring Investments

Various laws on Free Zones and Companies, exempts freehold companies from import taxes such as VAT and duty, as well as income taxes for the first 15 years.

6 Public-Private Partnerships

The government of Madagascar believes in public-private partnerships and is in the implementation phase of many projects in the telecommunication, energy, textile sectors.

7 Abundance in Natural Resources

Madagascar is blessed with potential agricultural, mining, energy, fisheries. Apart from this,the biodiversity forms a big factor in terms of enhancing tourism investments as well.