This article details the typical costs involved in establishing and maintaining a standard company in Madagascar (country code: MG) for 2025, with a focus on data transparency and up-to-date figures. We present a breakdown of current creation and annual maintenance costs for a Société à Responsabilité Limitée (SARL), one of the most common company structures in the country.
Company Creation Costs in Madagascar (2025)
The expenses to officially register and launch a SARL in Madagascar are relatively straightforward, with several recurring administrative requirements. The table below presents the key elements and average amounts required in Malagasy Ariary (MGA). For reference, the conversion rate used here is 1 USD ≈ 4,500 MGA. All conversions are approximate and for informational purposes only.
| Cost Item | Amount (MGA) | Amount (USD) |
|---|---|---|
| Minimum capital requirement | 100,000 MGA | $22 |
| Registration fee at EDBM | 80,000 MGA | $18 |
| Publication in official journal | 40,000 MGA | $9 |
| Notary fees (average) | 50,000 MGA | $11 |
| Stamp duties and administrative fees | 50,000 MGA | $11 |
| Total Average Cost | 320,000 MGA | $71 |
The total average cost is approximately 320,000 MGA ($71) for setting up a standard SARL, as of 2025. This covers the typical minimum requirements for most sectors. All figures above are based on recent data provided by the Economic Development Board of Madagascar (EDBM) and validated by official sources.
Annual Maintenance Costs for a Standard SARL
Ongoing compliance and operational duties are required each year for Malagasy companies. These ensure legal standing, tax compliance, and proper reporting. The following table outlines core annual costs for maintaining an active SARL, spanning mandatory accounting to annual declarations.
| Maintenance Item | Amount (MGA) | Amount (USD) |
|---|---|---|
| Annual declaration fees (EDBM) | 20,000 MGA | $4 |
| Mandatory accounting services (minimum, small SARL) | 100,000 MGA | $22 |
| Tax filing fees | 30,000 MGA | $7 |
| Optional: Legal address renewal/administrative fees | 20,000 MGA | $4 |
| Optional: Additional accounting or audit services (upper range) | 230,000 MGA | $51 |
| Annual Minimum (core compliance) | 150,000 MGA | $33 |
| Annual Maximum (extended services) | 400,000 MGA | $89 |
The typical annual maintenance expense for a SARL in Madagascar ranges from 150,000 MGA ($33) for essential compliance, up to 400,000 MGA ($89) if opting for extended accounting or audit services. Keep in mind that actual costs vary based on the company’s activity level and sector requirements.
Key Data Sources
- Economic Development Board of Madagascar
- International Labour Organization
- World Bank Doing Business
Pro Tips for Managing Company Costs in Madagascar
- Ensure you set aside the minimum capital and budgeting for each regulatory fee prior to submitting any formal company paperwork.
- Work with a qualified Malagasy accountant to secure accurate annual tax filings—costs are modest and compliance lapses can result in fines.
- Review your company’s needs annually to decide if you actually require extended accounting or audit services, or if basic compliance is sufficient for your scale of operations.
- Keep detailed receipts for all official payments to facilitate smooth renewals and ensure transparency if audited.
Understanding the precise company creation and maintenance fees in Madagascar empowers business owners to plan effectively and remain fully compliant. The overall cost structure is notably accessible in comparison to many other jurisdictions, although attention to detail around administrative and accounting requirements remains essential. As company law and administrative practices evolve, regularly checking with official Malagasy sources ensures businesses remain informed and up-to-date.