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  • Writer's pictureTolérance Herman

Can a foreigner be an owner in Madagascar?

If you are considering investing in real estate in Madagascar, you may be wondering if it is possible to own as a foreigner. The answer is yes, it is quite possible to acquire property in Madagascar using a Malagasy company. The Iorea real estate agency is here to guide you through all the necessary procedures and facilitate your journey to the property.

Malagasy law allows foreigners to own real estate in Madagascar by creating a company under Malagasy law. This approach allows you to own the property through the corporation, which provides you with legal protection and facilitates real estate transactions.

When choosing to invest in real estate in Madagascar, it is essential to understand the legal procedures and specific requirements. This is where Iorea comes in with its in-depth expertise of the Malagasy real estate market and all the associated procedures.

First of all, Iorea will help you find the property that suits your needs and your budget. Whether you are looking for a holiday home on the coast, an apartment in town or land to develop a project, their experienced team has an extensive network of properties across the country.

Once you have found the property of your dreams, Iorea will accompany you in the creation of your company under Malagasy law. They will guide you through all the necessary administrative steps, such as company registration, obtaining the residence permit and opening a local bank account.

The advantage of using a Malagasy company is that it allows you to legally acquire and hold property. You get legal protection, and it also makes future real estate transactions easier, such as reselling or renting the property.

Iorea knows perfectly all the procedures related to the acquisition of real estate as a foreigner in Madagascar. Their team of experts takes care of all the paperwork, saving you the stress and confusion of complex legal processes.

In addition, Iorea maintains close relations with the relevant authorities, which further facilitates the process of acquiring the property. Their in-depth knowledge of current regulations and legal requirements ensures a safe and compliant real estate transaction.

It should also be noted that Madagascar offers an attractive setting for real estate investments. The country has strong potential for economic growth, a developing real estate market and unique natural and cultural diversity. As the owner of a property in Madagascar, you can take advantage of all these advantages while benefiting from a potential return on investment.

In conclusion, it is quite possible to be an owner in Madagascar using a company under Malagasy law. Iorea is here to guide you through all the procedures and facilitate your journey to ownership. With their expertise, you can confidently invest in Malagasy real estate and take advantage of the many benefits the country has to offer.

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