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You are here : Investment / Incentives for Investment
• Free transfer of standard operations without restriction of funds by authorised intermediaries (Banks, Post Offices) based on a simple declaration: salaries, profits, dividends and other investment income, fees, rent, royalties, licensing fees, expenses for technical assistance or provision of services, operating expenses, medical and hospitalisation expenses • Regional Trade Membership Membership of regional groups in Africa and the region (SADC, COMESA, COI, Indian Ocean Rim –intercontinental organisation comprising countries of Africa, the Middle East, Southern Asia, South-east Asia and Australia) raising the best possible prospects for market expansion • Enterprises in Export processing Zones: - Export processing Zone System (export-orientated industries); - Research and Prospecting Enterprises benefit from Business Tax (IBS) exemption for the first 15 years as from start-up of the building works; - Industrial Transformation Enterprises and Basic Intensive Production Enterprises benefit from Business Tax (IBS) exemption for the first 5 years of actual operation; - Service enterprises benefit from Business Tax exemption for the first 2 years of actual operation; - Temporary admission and duty exemption for building materials and accessories, capital goods, raw materials and intermediary goods included in the manufacturing and construction process; - Duty-free entry for importation of personal effects and goods of expatriate workers • Major mining investments: - Free transfer of foreign currency necessary for the needs of the investment project; - Business Tax (IBS) exemption; - Duty and Tax exemption on importation of materials; - Capital goods necessary for the construction, equipment and maintenance of infrastructures of public utility, personal effects and objects of expatriate employees; - Right to export mining products with no restrictions; - Possibility of opening foreign currency bank accounts • Investment guarantees: Reassuring framework for a better guarantee of investments : - Madagascar’s affiliation to the World Bank’s Multilateral Investment Guarantee Agency (MIGA) (insurance for political risks); - Madagascar’s membership of the African Trade Insurance Agency (guarantee for international financial and commercial transactions); - Membership of the World Intellectual Property Organisation (WIPO) with national structures, the Office Malgache de la Propriété Intellectuelle [Madagascar Intellectual Property Bureau] and the Office Malgache des Droits d’Auteurs (OMDA) [Madagascar Copyright Bureau]; - Creation of the Madagascar Centre of Arbitration and Mediation (CAMM): an independent organisation to which the investor may resort in the case of dispute over investments, in collaboration with WIPO, the International Trade Centre UNCTAD-WTO, and Juris International • Available Guarantee Funds for banks investment loans • Open and efficient legislative, regulatory and tax framework - Launch of the national land tenure programme whose objective is land management favourable for private investment, agricultural production, management, protection and renewal of natural resources; - Law No. 2003-028 of 27/08/03 and Decree No. 2003-897 of 27/08/03 guaranteeing access to land by foreigners and long-term (emphyteotic) leases. • Investment protection and promotion agreements signed with the Union Belgo-Luxembourgeoise, France and Germany. |
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