Banks, financial institutions, insurance companies, and telecommunication companies must comply with regulations specific to foreign companies prior to entry. However, other businesses can enter the Malagasy market freely provided they comply with local laws. It is common practice for foreign business interests to work with a local agent or partner, though it is not required. With fraud increasing in recent years, however, it is advisable that companies conduct due diligence through third parties such as law firms or auditors prior to finalizing agreements. Entities that can bring their own capital – equity or credit facilities – are warmly received, as both government and private sector entities are keen to attract foreign direct investment (FDI) into Madagascar. Financing options within Madagascar are limited as most banks in Madagascar are controlled by foreign parent companies; capital costs are higher, and terms and conditions are more complex than in the United States.