Apply for a tax identification number (NIF) and verify the necessary forms and registration fees at the One-Stop Shop (EDBM)
Agency: EDBM
A new company can be registered at the One-Stop Shop (EDBM). Upon arrival at EDBM, the entrepreneur needs to stop at the front office to apply for a tax identification number (NIF), for verification of the documents to be submitted for registration and of the amount to the paid to the tax authority.
The front office will apply for the tax identification number online for the applicant (through a process called NIFONLINE) and will verify whether the forms were correctly filled and that no information is missing. The forms are available online and the entrepreneurs can either print them at home or obtain them at the registry.
Time and cost: 1 day, no charge
Register the company, pay the registration fees and apply for a license (carte professionnelle), for registration at INSTAT and for the publication of a notice of company incorporation
Agency: EDBM
The entrepreneur must apply for company registration at EDBM, by presenting the company’s articles of association, paying the registration fees in cash and applying for a license and registration at the National Statistics Institute (Institut National de la Statistique Malgache – INSTAT) at EDBM.
Alternatively, the entrepreneur has the option to pay the registration fees with a nominal check previously obtained at a bank.
Fee schedule:
- Commercial registration fee: MGA 16,000
- Deed registration costs: MGA 2,000
- Institut National de la Statistique Malgache (INSTAT) registration costs: MGA 40,000
- Tax Authority registration cost: 0.5% of share capital
- Provisional income tax: MGA 320,000
Once the registration is finalized, the entrepreneur will receive the incorporation document called the K-Bis. This is the document that compiles the relevant information regarding the company. It includes the tax ID, the registration number and the date of the newspaper publication.
Time and cost: 4 days, see comments
Register employees with Social Security
Agency: EDBM
The company must register its employees with the National Social Security Fund (Caisse Nationale de Prevoyance Sociale), and file two copies of an application form (bulletin d’adhesion nouveau membre) along with a list of names of all employees and their identity cards to enroll for health insurance.
Time and cost: 1 day, no charge
Register employees for health insurance
Agency: OSTIE
Registration with an insurance scheme is mandatory.
OSTIE is the public insurance scheme and registration is free of charge. However, companies can choose to offer the services of a private insurance scheme. In case they chose to do so, the additional cost is not deductible from taxes.
Time and cost: 1 day, no charge
File a declaration of start of activities to the Labor Inspectorate
Agency: Labor Inspectorate
As foreseen in art. 251 of the Labor Code, new companies shall submit a declaration of start of activities to the Labor Inspectorate. This declaration can be submitted after the employee registration with Social Security.
Time and cost: 1 day (simultaneous with previous procedure), no charge
