Adopted Law No. 2017-23 on Special Economic Zones
28 Nov 2017
On 28 November 2017, Madagascar adopted Law No. 2017-23 on Special Economic Zones (SEZ). The Law is designed to create a more attractive and competitive environment for both foreign and domestic investments. It aims to establish a comprehensive legal, regulatory, and institutional framework for SEZs in Madagascar, promoting industrialization, value-added production, and modern sector trends. Companies granted SEZ status are entitled to various fiscal and non-fiscal incentives, such as tax exemptions and reductions, VAT exemptions on imports, and reduced VAT rates on exports and sales to other Free Zone Units.
The SEZ law is intended to attract new foreign direct investment (FDI) and domestic investments, support value and supply chains, and create stronger linkages between large/medium companies and local SMEs. It also aims to increase and diversify exports, promote technology and ICT systems, and provide a diverse range of jobs for the Malagasy population, including women and youth.
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Type:
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Promotion and facilitation (Special economic zones)
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Industry:
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