Based on a recent clarifying statement published by the Ministry of Foreign Affairs, the Transformable Visa has not been discontinued, but in fact, can only be applied for after the issuance of a work permit by the Economic Development Board of Madagascar.
Prior to the clarifying notice issued by the Ministry of Foreign Affairs, foreign employees were allowed to apply for a Transformable Visa using only a validated contract and certificate of deposit (attestation de dépôt), which are interim documents issued prior to approval of the work permit.