Republic of Madagascar
Capital: Antananarivo HDI: 0.510 (154th)
Language: French, Malagasy
GDP (PPP): $37.635 billion
Currency: Malagasy Ariary
Population: 22,434,363
The Republic of Madagascar and previously known as the Malagasy Republic, is an island country in the Indian Ocean, off the coast of Southeast Africa. The nation comprises the island of Madagascar (the fourth-largest island in the world), and numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian peninsula around 88 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth. The island’s diverse ecosystems and unique wildlife are threatened by the encroachment of the rapidly growing human population and other environmental threats.
In 2012, the population of Madagascar was estimated at just over 22 million, 90% of whom live on less than $2 per day. Malagasy and French are both official languages of the state. The majority of the population adheres to traditional beliefs, Christianity, or an amalgamation of both. Ecotourism and agriculture, paired with greater investments in education, health, and private enterprise, are key elements of Madagascar’s development strategy. Under Ravalomanana, these investments produced substantial economic growth, but the benefits were not evenly spread throughout the population, producing tensions over the increasing cost of living and declining living standards among the poor and some segments of the middle class. As of 2014, the economy had been weakened by the then recently concluded political crisis, and quality of life remains low for the majority of the Malagasy population.
RESEARCH
Economic Overview
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Madagascar Economic Outlook – African Development Bank
http://www.afdb.org/en/countries/central-africa/madagascar/madagascar-economic-outlook/
Madagascar’s growth was only 3% in 2014 but should pick up in 2015 and 2016 as governance and business climate reforms take effect, alongside buoyant extractive industries, agriculture and tourism.
Industry Trends & Business Climate
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Economy & Industry — Madagascar
http://www.our-africa.org/madagascar/economy-industry
The lack of infrastructure holds back other sectors which are important to Madagascar’s economy, such as mining.
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MADAGASCAR INVESTMENT CLIMATE STATEMENT 2015
http://www.state.gov/documents/organization/241855.pdf
Attracting foreign direct investment has remained a challenge due to persistent corruption, lack of resources, and the government’s inability to properly enforce regulations.
Establishing a Presence
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Starting a Business in Madagascar
http://www.doingbusiness.org/data/exploreeconomies/madagascar/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Madagascar.
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Starting a Business in Madagascar
http://www.doingbusiness.org/data/exploreeconomies/madagascar/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Madagascar.
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Madagascar – Starting a Business – Wikiprocedure
https://www.wikiprocedure.com/index.php/Madagascar_-_Starting_a_Business
This site provides a list of the steps required to form and register a business
Taxes
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Paying Taxes in Madagascar – Doing Business
http://www.doingbusiness.org/data/exploreeconomies/madagascar/paying-taxes
This site provides a table of the tax obligations in Madagascar including VAT
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Madagascar Corporate Tax Rate | 2007-2016
http://www.tradingeconomics.com/madagascar/corporate-tax-rate
The Corporate Tax Rate in Madagascar stands at 20 percent. Corporate Tax Rate in Madagascar averaged 23.33 percent from 2007 until 2015, reaching an all time high of 30 percent in 2008 and a record low of 20 percent in 2013. Corporate Tax Rate in Madagascar is reported by the General Direction of Taxes.
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Madagascar Corporate – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Madagascar-Corporate-Taxes-on-corporate-income
A corporate entity registered in Madagascar and having an annual turnover exceeding MGA 20 million is subject to CIT at a rate of 20%.
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Madagascar Personal Income Tax Rate | 2007-2016
http://www.tradingeconomics.com/madagascar/personal-income-tax-rate
The Personal Income Tax Rate in Madagascar stands at 20 percent. Personal Income Tax Rate in Madagascar averaged 22.78 percent from 2007 until 2015, reaching an all time high of 30 percent in 2007 and a record low of 20 percent in 2013. Personal Income Tax Rate in Madagascar is reported by the General Direction of Taxes.
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Madagascar Personal Income Tax Rate Forecast 2016-2020
http://www.tradingeconomics.com/madagascar/personal-income-tax-rate/forecast
In the long-term, the Madagascar Personal Income Tax Rate is projected to trend around 20.00 percent in 2020, according to our econometric models.
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Madagascar Sales Tax Rate | 2008-2016
http://www.tradingeconomics.com/madagascar/sales-tax-rate
The Sales Tax Rate in Madagascar stands at 20 percent. Sales Tax Rate in Madagascar averaged 20.13 percent from 2008 until 2015, reaching an all time high of 21 percent in 2009 and a record low of 20 percent in 2008. Sales Tax Rate in Madagascar is reported by the General Direction of Taxes.
Visas
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Madagascar Visa and Passport Requirements
http://www.worldtravelguide.net/madagascar/passport-visa
Visa requirements for entry to Madagascar plus embassy contact information
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Madagascar Visa: Application, Requirements
https://madagascar.visahq.com/
This site provides expediting services for visa to Madagascar
Infrastructure
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Madagascar Transportation – Taxi, Train, Bus & Airport Tips
https://www.virtualtourist.com/travel/Africa/Madagascar/Transportation-Madagascar-TG-C-1.html
64 tips on getting to and getting around Madagascar from real travelers and locals.
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Getting around Madagascar on local transport
http://www.lonelyplanet.com/madagascar/transport/getting-around/local-transport
Catching local transport in Madagascar – transport tips on getting around Madagascarlike a local
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Telecommunications in Madagascar – Wikipedia
https://en.wikipedia.org/wiki/Telecommunications_in_Madagascar
Telecommunications in Madagascar include newspapers, radio, television, fixed and mobile telephones, and the Internet.
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Madagascar Telecommunications RSS News Feed
http://world.einnews.com/news/madagascar-telecommunications
Current news on the telecom market in Madagascar
Employer Obligations
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Labor Market Regulation in Madagascar
http://www.doingbusiness.org/data/exploreeconomies/madagascar/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Madagascar.
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Madagascar Employment & Labor Law News
http://employment.einnews.com/category/employment-labor-law/madagascar
Current labor news in Madagascar
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Labor Market Regulation in Madagascar
http://www.doingbusiness.org/data/exploreeconomies/madagascar/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Madagascar.
Culture/Living
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Weather and Climate: Madagascar
https://weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Madagascar
Madagascar has a hot and subtropical climate and has colder temperatures in the mountains. The seasons are mainly divided into two main periods : the rainy season from November to March and the dry season from April to October.
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Madagascar climate info
http://www.whatstheweatherlike.org/madagascar/
Madagascar has a great variety of climate types and consequently many different landscapes can be found here, such as rainforests, mountains and steppes.
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Madagascar – Department of Foreign Affairs and Trade
https://www.dfa.ie/travel/travel-advice/a-z-list-of-countries/madagascar/
Up-to-date travel advice gives you practical tips on emergency contacts, security
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Cost of Living in Madagascar
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Madagascar
Average prices of more than 40 products and services in Madagascar. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Madagascar. 2016
http://www.expatforum.com/articles/cost-of-living/cost-of-living-in-the-united-states.html
Cost of living comparisons in more than 1,600 cities all over the world.
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Madagascar – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=123
Guide to travel, doing business, and studying in Madagascar – culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.
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Business Etiquette 101
https://afktravel.com/60567/business-etiquette-in-madagascar/
10 tips on business etiquette in Madagascar
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Madagascar travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/madagascar/safety-and-security
Latest travel advice for Madagascar including safety and security, entry requirements, travel warnings and health
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Madagascar Education System
http://www.classbase.com/Countries/Madagascar/Education-System
This site provides a summary of the different levels in the education system in Madagascar
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International Schools in Madagascar
http://www.expat-quotes.com/guides/madagascar/education/international-schools-in-madagascar.htm
This site provides a list of the most popular international and bilingual schools for expats in Madagascar with fee information. The list includes nursery schools, primary and secondary (high) schools
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Holidays and observances in Madagascar in 2016
http://www.timeanddate.com/holidays/madagascar/
Overview of holidays and many observances in Madagascar during the year 2016
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Public Holidays Madagascar 2016 and 2017
http://www.holiday-times.com/public-holidays-madagascar/
List of National and Public Holidays in Madagascar for the year 2016 and 2017, with date and weekday from January till December.
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The World Factbook — Central Intelligence Agency
https://www.cia.gov/library/publications/the-world-factbook/geos/ma.html
See “People and Society” on this site
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Demographics of Madagascar – Wikipedia
https://en.wikipedia.org/wiki/Demographics_of_Madagascar
This site discusses the demographic features of the population of Madagascar, includingpopulation density, ethnicity, education level, health of the populace
Trade
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Madagascar Customs Regulations
https://madagascar.visahq.com/customs/
Customs regulations and procedures for importing and exporting goods at border.
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Doing business – Tariffs and regulations – Madagascar
http://www.austrade.gov.au/Australian/Export/Export-markets/Countries/Madagascar/Doing-business/Tariffs-and-regulations
Information on export requirements and tariffs from the Australian government
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WTO | Madagascar
https://www.wto.org/english/thewto_e/countries_e/madagascar_e.htm
This site provides key information on Madagascar’s participation in the WTO. Madagascar has been a member of WTO since 17 November 1995 and a member of GATT since 30 September 1963.
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Madagascar Trade Agreement
http://focusafrica.gov.in/Madagascar_Trade_Agreement.html
A listing of Madagascar trade agreements
Housing and Rentals
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Madagascar Accommodation
https://www.accommodirect.com/destinations/madagascar/?guests=1&sort_order=rank&max_price=7001
A listing of hotel and villa accommodations
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The 10 Best Madagascar Accommodation
https://www.tripadvisor.com/Hotels-g293808-Madagascar-Hotels.html
Find 20,003 traveller reviews and 20,532 candid photos for 210Madagascar hotels on TripAdvisor.
Travel
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Madagascar Travel Information Guide
http://travelmadagascar.org/
The fascinating uniqueness of this island has led some to class it as the Eighth Continent.
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Madagascar – Lonely Planet
https://www.lonelyplanet.com/madagascar
Comprehensive travel guide for destinations and attractions
JOBS
NETWORKING
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