Entrepreneurs and investors looking to establish or expand their businesses in Asia or Africa often face a tough decision when choosing between India and Madagascar. Both countries offer unique opportunities and challenges. India, with its competitive landscape and the government’s Make in India initiative, is a thriving business hub, while Madagascar’s untapped potential and strategic location in the Indian Ocean make it an attractive alternative. This article explores the key factors to help you make an informed decision.
Here’s a quick overview of the key differences for easy reference:
| Factor | India | Madagascar |
|---|---|---|
| Business Environment | Stable with robust legal frameworks | Developing with untapped potential |
| Corporate Tax Rate | 22% (15% for new manufacturing) | 20% |
| Capital Gains Tax | Competitive rates | Competitive rates |
| Ease of Incorporation | Efficient with digital infrastructure | Improving but bureaucratic |
| Business Costs | Low operational and living costs | Low living costs, higher operational costs |
| Market Access | Excellent global connectivity | Strategic location, limited connectivity |
When navigating the complexities of doing business in India or Madagascar, partnering with a reliable corporate service provider like 3E Accounting can make all the difference. With expertise in starting a business in India, a step-by-step guide to India company registration, and India company incorporation, 3E Accounting ensures a seamless setup process tailored to your needs. For company setup or any other assistance, feel free to contact us. Choose 3E Accounting for a hassle-free experience and focus on growing your business with confidence.
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India offers political stability, a robust legal framework, and strong global connectivity. These advantages, supported by government initiatives like the Make in India campaign, make it an ideal choice for starting a business in India compared to Madagascar.
The India company registration process is efficient and digitally streamlined, whereas Madagascar still faces bureaucratic challenges and limited digital infrastructure.
India offers a 22% corporate tax rate for existing companies and 15% for new manufacturing businesses. Madagascar’s corporate tax is 20%, with some tax incentives available for specific sectors.
India provides excellent global connectivity and access to international markets, making it suitable for businesses with global ambitions. Madagascar has a strategic Indian Ocean location but offers limited connectivity.
3E Accounting offers full company incorporation services, including consultation, registration, and post-incorporation compliance, ensuring a hassle-free experience for investors and entrepreneurs.
For a complete overview, refer to our guide to setting up businesses in India, which outlines the procedures, legal requirements, and strategic tips for success.
India has lower operational and living costs, especially for SMEs. Madagascar offers low living expenses but may incur higher business operation costs due to infrastructure limitations.
We offer professional corporate secretarial and company secretary services to help ensure full compliance with Indian regulations. For further assistance, feel free to contact 3E Accounting.
Abigail Yu
Author
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.
