Morocco is the most stable country for investors with a fast-growing economy. It has successfully developed and maintained a stable political and economic structure that favors business. The 2016 Bloomberg Innovation Index has also announced its name among the 50 most cutting-edge economies in the world. Due to astounding economic progress, Morocco is recognized as an attractive location for many business people to do businesses there. Over the last few years, it has made itself a stable and exceptional emerging market.
Morocco is also popular as a favourable gateway for UK companies and investors. It gives most priorities to its safety and security issues. Hence, it’s the safest business and financial hub for investors as well as entrepreneurs too. It is successfully attracting most foreign investors because of its investor oriented policies. The Moroccan Government has simplified the investment processes to promote more pioneers.
Thus, it provides an inconceivable investment environment with lots of profitable business opportunities. The process of opening a business in Morocco is comparatively simple and straightforward. If anyone speaks French or Arabic, can open a business in Morocco in no time.
Therefore, Morocco is seen as a safe haven to do business because of its vital geographic area and constant economic improvement. To start a suitable business, entrepreneurs and investors must incorporate a relatable company in Morocco. Some main common types of companies are being described below with basic requirements and estimations.
Limited Liability Company in Morocco
Requirements
Least shareholders (individuals or authorized entities) | 5 |
Least directors | 3 |
Time to set up | 7 weeks |
100% foreign owned | YES |
Needed Capital | 3,000,000 MAD (public limited companies) 300,000 MAD (Public Liability company) |
Can lease office | YES |
TAX Rate | 30% |
Duration of opening a bank account | 4 weeks |
Allowed Liability | Limited |
Familiar as | SA |
Estimated Registration costs:
Private Limited Company in Morocco
Requirements
Least and highest shareholders | 1 - 50 |
Least directors | 1 |
100% foreign owned | YES |
Time to set up | 6 weeks |
Needed Capital | 10,000 MAD |
Can lease office | YES |
TAX Rate | 30% |
Duration of opening a bank account | 4 weeks |
Allowed Liability | Limited |
Familiar as | SARL |
Probable Registration costs:
Free Zone Business in Morocco
Requirements
Least shareholders | 2 |
Least directors | 1 |
Time to set up | 2 months |
Needed Capital | US$1 |
Can lease office | YES |
TAX Rate | 30% |
Need resident director | YES |
Allowed Liability | Limited |
Setup a branch office in Morocco
Requirements
Least shareholders | None |
Least directors | 1 |
Least manager (any nationality) | 1 |
Time to set up | 8 weeks |
100% foreign owned | YES |
Needed Capital | No requirement |
Can lease office | YES |
TAX Rate | 45% |
Duration of opening a bank account | 4 weeks |
Allowed Liability | Not Limited |
Known as | Succursale |
Note: See this business plan before starting a business.
Company Name
Both investors and businessman will need to choose a suitable name for their company. For that, a certificate will also need to be collected ‘certificat de négativité’. This negative certificate will help them to identify and register the business. The certificate is obtainable from CRI (Centre Régional d’Investissement).
Address
One must need to obtain a registered address for the company office in Morocco (can be an owned property or a business lease). The evidence of the address of the company's registered office must need to be submitted.
Foundation of the Statutes
A Statute or articles of institute of the SARL (Société A Responsabilité Limitée, or LLC) will need to be established with a law firm or notary. (For all trading companies).
Formation of Payment Forms
A letter of payment needs to be completed to declare participation in the company's capital. (Seen as a commitment of cash contribution).
Blocking Share Capital
A bank account will need to be opened for the incorporation of the business. The least capital of 1000 Dh will need to be deposited. Then the bank will provide a certificate on the delivered blocking of the share capital. Need to make subscription announcements or payments.
Other Necessary Steps:
Morocco has been ranked as the 3rd most friendly state in the world. It is the most targeted place for foreigners and businessman to start a business without any hassle. Morocco offers great opportunities for foreign investments with no high limitations. It also provides standard banking and financial services. There are many promising sectors in Morocco that are available for investments. Businessmen from around the world can enjoy doing business in Morocco by utilizing the available appealing business possibilities.
Related Article:
How to register a company in Morocco as a foreigner
Morocco Company Registration Ins and Outs