Madagascar

Madagascar offers foreign investors a residency route through its investor visa, though investment does not lead to citizenship. The island holds opportunities across agriculture, mining, renewable energy and ecotourism. For Malagasy nationals, the practical question is which programs abroad accept their applications.

Madagascar Citizenship By Investment

Madagascar does not currently offer a citizenship by investment program, so investors should explore the established alternatives. Malagasy nationals face few obstacles, as none of the Caribbean programs list Madagascar among their restricted or banned nationalities.

St Lucia citizenship is an increasingly popular choice for those pursuing a second passport, granting citizenship through investment in real estate, government bonds or the national economic fund.

Grenada, Antigua And Barbuda, Dominica and St Kitts And Nevis offer comparable routes, with processing typically running four to eight months. For options involving higher investment, Turkey grants citizenship on real estate investment from $400,000 held for three years.

Madagascar Residency By Investment

Madagascar offers residency to foreign investors through an investor visa, intended for those creating or acquiring a company in the country. The route is tied to active commercial involvement rather than a passive capital placement.

For similar options in more established jurisdictions, the USA EB5 requires investment of $800,000 in a targeted employment area or $1,050,000 elsewhere, creating at least ten American jobs, and leads to a green card covering the investor, a spouse and children under 21.

The Canada investor visa offers a fast and cost-effective immigration route providing Permanent Residency. Unlike other business immigration paths, PR status is not tied to the success of the business.

Madagascar Passport Strength and Ranking

Madagascar ranks 157th of 199 on the La Vida Passport Value Index. The Malagasy passport reaches 105 of the world’s 227 destinations without a prior visa, representing 12.0% of world GDP and 20.3% of global travel measured by international visitor arrivals.

The destination count is reasonable, but economic access is the binding constraint at 12.0%. The Index weights every destination by economic size and visitor volume, and on that basis the passport opens very little of the world where international banking, business and investment take place. Malagasy nationals require advance visas for the United States, the United Kingdom, the Schengen Area, China and Japan.

Countries with established citizenship by investment programs deliver considerably more. Antigua and Barbuda ranks 65th on the Index, with citizenship leading to a passport reaching 186 destinations, 58.8% of world GDP and 80.1% of global travel. Grenada sits 63rd with 179 destinations and 59.6% of world GDP.

Citizenship and Residency by Investment Programs

See below a selection of countries offering residency and citizenship investment programs.

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