10 steps to incorporating in Madagascar

Madagascar incorporation guides

  1. Prior to Madagascar company incorporation, our Client i) settles Healy Consultants’ incorporation fees, ii) signs and returns our Client engagement letter and iii) provides us all the required due diligence documents;
  2. Healy Consultants drafts a detailed Madagascar company setup engagement project plan. This plan will map out, week by week, each step to engagement completion, optimizing transparency and settling Client expectations;
  3. Healy Consultants assists our Client to decide on i) proposed company’s name and ii) the optimum corporate structure including directors and shareholders;
  4. Healy Consultants will then reserve the company name on behalf of our Client and obtain a name reservation certificate;
  5. Healy Consultants will collect all necessary due diligence from our Client and details of the proposed company’s activities and then proceed to open a corporate bank account for the company with one of the recommended banks in Madagascar and then if required, deposit the required initial capital into the corporate bank account and obtain a deposit slip;
  6. After this, Healy Consultants will have all registration documents translated into French and courier to our Client to sign and send back and then we will have them notarized. Next Healy Consultants will apply for a provisional fiscal identification number online through submit all registration documents to NIF in Madagascar and then submit all registration documents to the Economic Development Board of Madagascar (EDBM);
  7. Healy Consultants will then i) deposit the registered statutes ii) apply for the business license and iii) obtain the fiscal identification number and statistical identification from EDBM. When this is done, Healy Consultants will file a notice of constitution to be published in a local daily;
  8. After this, our Client will then supply Healy Consultants with a lease agreement of their office premises. If our Client does not have a business premise, Healy Consultants will provide virtual office services for the first six months or until our Client finds a business address;
  9. Healy Consultants will then register the company’s employees with the National Social Security Fund and enroll them for health insurance;
  10. Following the company incorporation engagement completion, Healy Consultants will courier a full company kit to our Client, including original documents, unopened bank correspondence and a Client feedback survey.

Contact us

For additional information on our company incorporation services in Madagascar, please contact our in-house country expert, , directly: