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Employer of Record in Madagascar
EOR MADAGASCAR
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Madagascar solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
93.4 MILLION
total population in 202115.3 BILLION USD
expected GDP in 2023Madagascar, an island republic off the coast of southern Africa in the Indian Ocean. France has been the major trading partner of Madagascar since its independence. The recent elections resulted in the restoration of constitutional order, and a seamless political transition, which aided in restoring investor confidence, the reopening of key export markets, restoring concessional financing flows, and stimulating structural reforms. In addition, improved labor market conditions and decreased poverty rates reflected these positive trends. Madagascar’s GDP is projected to trend around 14.50 USD Billion in 2022.
PUBLIC HOLIDAYS: 14
- New Year’s Day – January 1
- International Women’s Day – March 8
- Martyrs’ Day – March 29
- Easter Sunday – varies
- Easter Monday – varies
- Labor Day – May 1
- Ascension Day -varies
- Eid al-Fitr – varies
- Whit Monday – May 24
- Independence Day – June 26
- Eid al-Adha – varies
- Assumption of Mary – August 15
- All Saints’ Day -November 1
- Christmas Day – December 25
SOCIAL SECURITY AND TAXATION
Social Security
- Employer’s Contribution: 13%
- Employees’ Contribution: 1%
- Employer’s Contribution: 5%
- Employees’ Contribution: 1%
- Employer’s Contribution: 1%
MINIMUM WAGE
168,000 Ariary per month
WORK HOURS
40 hours per week
OVERTIME RATE
130%-150% of the normal rate
PROBATIONARY PERIOD
6 months
ANNUAL LEAVE CREDITS
2.5 days paid leave per month
MATERNITY LEAVE
14 weeks
PATERNITY LEAVE
included in their 10 days a year family events leave
SICK LEAVE
5 days
BONUSES
Not required but a common practice in Madagascar
*Info is not binding, may vary, and is provided only as an indication.
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