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Ariary (Ar, MGA)



Malagasy, French


UTC + 3:00

The economy of Madagascar is largely driven by agriculture, including fishing and forestry, as well as emerging tourism, textile and mining industries. Madagascar is also one of the world’s major producers of vanilla. Madagascar’s main export partners are the United States, France, the United Arab Emirates, China, Japan, Germany and India, and its major export commodities include gold, nickel, gemstones, clothing and vanilla. The Madagascar government is focusing on plans to strengthen Madagascar’s financial and investment management capacity.

How to build a team in Madagascar

Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Madagascar. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.

Global payroll solutions make it easy to find and hire top talent in Madagascar. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.

Compliance risk

Risk of misclassification

Madagascar’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.

Let’s not make global expansion overwhelming.
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