Starting a business in Madagascar

Legal Forms of Companies

Limited Liability Company (SARL)

Number of partners: minimum one shareholder and one director (which may be of any nationality), maximum 100. It must have a resident representative.
Capital (max/min): No minimum capital required.
Shareholders and liability: liability is limited to the shares

Limited Company (SA)

Number of partners: minimum one shareholder and one director, which may be of any nationality. It must have a resident representative.
Capital (max/min): MGA 10 million (MGA 2 million in case of a singe shareholder)
Shareholders and liability: liability is limited to the extent of the shareholders contributions

Single Member Limited Company
(SA Unipersonnelle)

Number of partners: one natural person
Capital (max/min): No minimum capital required.
Shareholders and liability: liability is unlimited

Business Setup Procedures

Source: Doing Business - Latest available data.