Madagascar
MADAGASCAR

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) 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 2021

15.3 BILLION USD

expected GDP in 2023

Madagascar, 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%

Healthcare: 

  • Employer’s Contribution: 5%
  • Employees’ Contribution: 1%

Fonds Malgache de Formation Professionnelle (FMFP)

  • Employer’s Contribution: 1%

Income Tax Rates: 0-20%

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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