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  • Writer's pictureTolérance Herman

How to buy land in Madagascar?

Madagascar, with its natural beauty and cultural diversity, attracts many foreigners who wish to invest in the purchase of land. Whether to build a residence, a business or for investment projects, it is important to understand the options available to foreigners wishing to acquire land in Madagascar. In this article, we will discuss the two main possible routes: purchase through a company under Malagasy law and emphyteutic lease, while highlighting the expertise of the real estate agency Iorea in these procedures.

As a foreigner, the direct purchase of land in Madagascar may be limited. However, a common option is to set up a company under Malagasy law. This company, registered locally, can acquire real estate, including land, without particular restrictions. It is important to note that this option requires some expertise in setting up and managing a business in Madagascar. This is where the Iorea agency can intervene by offering its know-how and assistance for the creation and management of your local business.

Another option for foreigners is to use an emphyteutic lease. The emphyteutic lease is a long-term rental agreement that gives the tenant rights similar to those of a landlord. It can last up to 99 years and offers greater legal certainty for long-term investment. Acquiring land through an emphyteutic lease can be an attractive alternative for foreigners wishing to settle permanently in Madagascar. Iorea has emphyteutic lease experts who can guide you through the process, ensuring that all legal aspects are met and providing you with the information you need to make an informed decision.

Whatever option you choose, it is essential to work with a competent and reliable real estate agency to facilitate the process of buying land in Madagascar. Iorea is renowned for its expertise and experience in the Malagasy real estate sector. The agency can help you find available land that meets your criteria, support you in negotiations and assist you with all the administrative procedures necessary for the purchase. Whether buying through a local business or setting up an emphyteutic lease, Iorea has the knowledge and resources to guide you through the process.

It is important to point out that buying land in Madagascar, as a foreigner, requires a thorough understanding of the laws and regulations in force. The administrative procedures can be complex and the support of an experienced real estate agency like Iorea can greatly facilitate the process. The agency can help you avoid common pitfalls, ensure the legality of the transaction and ensure that you have all the necessary documents for secure and transparent ownership.

In conclusion, the purchase of land in Madagascar as a foreigner can be done through a company under Malagasy law or through an emphyteutic lease. Both of these options offer specific benefits and require in-depth knowledge of local laws. To facilitate the process and ensure a safe and transparent transaction, it is recommended to use a trusted real estate agency like Iorea. With its expertise and personalized support, Iorea can help you carry out your land purchase project in Madagascar in the best possible conditions.

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