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Madagascar
Africa
Lucky Nomads World Index
57.82 / 100
Global rank
#178
Corporate tax
20%
Personal tax
20%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index6.7 / 10
- Affordability Index8.5 / 10
- Entry Ease Index5.0 / 10
- Tax Freedom Index7.0 / 10
- WiFi Index4.8 / 10
- Admin Ease Index3.9 / 10
- Healthcare Index4.4 / 10
- City Comfort Index3.5 / 10
- WeatherComfort Index7.1 / 10
- Banking Index3.7 / 10
- GeoStability Index6.2 / 10
- Justice & Order Index4.5 / 10
- Quality of Life Index4.3 / 10
- Open Society Index4.8 / 10
- Flight Index2.6 / 10
- Environmental Quality Index6.0 / 10
- English Index3.0 / 10
- Wealth Protection Index6.9 / 10
- AI Access Index5.1 / 10
- Economic Openness Index5.6 / 10
- Market Depth Index5.7 / 10
- ClimateShield Index6.8 / 10
Country snapshot
- Capital
- Antananarivo
- Population (approx.)
- 33,522,052
- Area (km²)
- 587,041 km²
- Currency code (ISO 4217)
- MGA
- Currency name
- Malagasy ariary
- Main airport IATA code
- TNR
- Airport name
- Ivato International Airport
General facts
- Minimum monthly cost
- From $664/month
- Main languages
- Malagasy, French
- Jurisdiction type
- Country
- Region
- Africa
- Web TLD
- .mg
- Phone calling code
- +261
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 20%HighWorldwide
- Marginal PIT (personal income tax)
- 20%ModerateWorldwide
Corporate taxation basis: Worldwide. The country generally taxes worldwide income of resident companies.
Resident companies taxed on worldwide income, non-residents on Madagascar-source income only. Free zone enterprises (Loi 2007-037) and large mining projects (LGIM 2001-031) benefit from sectoral exemptions and reduced rates within a stability guarantee.
Flat 20 percent on net profit for companies with annual turnover above MGA 400 million. Companies below the threshold fall under the synthetic tax regime at 5 percent on 70 percent of turnover. Mining permit owners are taxed at 25 percent under LGIM, transformation entities at 10 percent.
Personal income tax basis. Worldwide. Resident individuals are generally taxable on their worldwide income, subject to relief under applicable tax treaties.
Residents are taxed on worldwide income. No special expatriate regime, no non-dom mechanism, no flat tax for HNWI. Treaty network is narrow with only Canada, France, Mauritius and Morocco in force, leaving most cross-border income subject to potential double taxation without unilateral relief.
Progressive IRSA up to 20 percent on salaries (5 percent above MGA 350k, 10 percent above MGA 400k, 15 percent above MGA 500k, 20 percent above MGA 600k). Loi de Finances 2026 introduces a new 25 percent marginal bracket above MGA 4 million. Minimum tax MGA 3,000 per month regardless of income.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
Free Zones and Free Enterprises Regime (Zones et Entreprises Franches)
AvailableExport-oriented free zones and free enterprises regime granting full corporate income tax exemption for 1 to 15 years depending on category,…
Large Mining Investments Special Regime (Loi sur les Grands Investissements Miniers)
AvailableSpecial tax, customs, foreign-exchange and legal regime for large mining projects with cumulative investment exceeding MGA 50 billion (about USD 11…
Synthetic Tax Regime (Impot Synthetique)
AvailableSimplified annual tax regime for small businesses and sole proprietorships with annual turnover below MGA 400 million (about USD 93 000 at 2026…
For individuals
Synthetic Tax Regime (Impot Synthetique)
AvailableSimplified annual tax regime for small businesses and sole proprietorships with annual turnover below MGA 400 million (about USD 93 000 at 2026…
You either qualify for Madagascar's special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Madagascar. Saved on your device.
Overview
- Citizenship by investment
Not currently available
- Residence by investment
Not currently available
- Remote work visa (digital nomad visa)
Not currently available
Programmes
Madagascar lists several residency and mobility routes across business founder routes, work (employer sponsored), retirement routes, family and dependant routes, and student and graduate routes. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
5 programmes listed · 5 are marked available in our editorial review
Business founder routes
1 programmeFounder, entrepreneur, or company-linked pathways for people building a business locally.
- Available
Long-stay Investor Residence Permit (Visa Investisseur)
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Long-stay Work Residence Permit (Visa Travailleur Expatrie)
Retirement routes
1 programmeRetirement-age or pension-linked residence options.
- Available
Long-stay Retirement Residence Permit (Visa Retraite Expatrie)
Family and dependant routes
1 programmeSpouse, dependant, and family reunion style permits.
- Available
Long-stay Family Reunification Residence Permit (Visa Regroupement Familial)
Student and graduate routes
1 programmeStudy-linked permits and post-study transition routes.
- Available
Long-stay Student Residence Permit (Visa Etudiant)
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in Madagascar.
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- Affordability Index8.5 / 10Very affordable cost of living
- WeatherComfort Index7.1 / 10Comfortable climate year-round
- Tax Freedom Index7.0 / 10Favorable tax environment
Weakest dimensions
- Flight Index2.6 / 10
- English Index3.0 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
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