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.
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.
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.
The primary law governing employment relationships in Madagascar is the Act Labour Code, which specifies issues ranging from contract of employment, working conditions, hygiene, safety and working environment, labour dispute to penalties.
Globelise will be able to help you navigate through the employment process and so that you will be able to offer a competitive and compliance offer to attract and retain your employees in Madagascar.
There are 4 Madagascan trade union organizations: the Confederation of Workers’ Trade Unions of Madagascar, the Confederation of Madagascan Workers, the Christian Confederation of Madagascan Workers and the Union of Autonomous Trade Unions of Madagascar.
Employees may seek their unions for help when they feel that they are unfairly treated or have been non-compliant with their employment terms.
Probation period in Madagascar can last up to 6 months.
Company or Individuals who are looking to hire talents and run payroll globally
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