Address: 119 Bd de la Résistance, Casablanca 20000
Opening hours :Mon - Fri: 9am-12.30pm and 2pm-6pm Sat: 9am-12pm
Address: 119 Bd de la Résistance, Casablanca 20000
Opening hours :Mon - Fri: 9am-12.30pm and 2pm-6pm Sat: 9am-12pm
A predominant choice for business structure is the Société à Responsabilité Limitée (SARL), recognized globally as a Limited Liability Company, celebrated for its simplicity and versatility 🌐. For those venturing into Morocco, navigating the business registration process is essential ✍️.
This includes not only understanding the pivotal step of registering with the Trade Court, but also exploring options like granting a power of attorney to a Certified Public Accountant for remote business establishment 🖊️🗂️.
Recent tax reforms, as highlighted in the 2023 financial law, signal a progressive decrease in corporate tax, projected to average around 20%, down from the previous 30% 💰📉.
Beyond tax measures, potential investors should be aware of the encompassing social system, championed by the CNSS, which safeguards employees’ welfare 🛡️.
Delving deeper, this guide explores various facets of Moroccan business, from leasing and banking options to operational costs such as average office rents across major cities and the recently updated minimum wage of 16.29 Dirhams/hour 💼🏢.
Embark on this comprehensive journey to grasp the nuances of doing business in Morocco 🚀.
Did you know you can register your company in Morocco without ever setting foot in the country?
Whether you’re abroad or residing in Morocco, the process of establishing a business entity is easier than ever before 🚀.
Morocco is rapidly emerging as a business hub. Contrary to misconceptions, Morocco offers vast opportunities due to its:
Discover the diversity in business structures under Moroccan law 🇲🇦! Explore options like limited liability companies, private limited companies, and various partnerships, all tailored to align with familiar Western business models.
The most prevalent choices among entrepreneurs are the SA (Public Limited Company) and SARL (Limited Liability Company) due to their adaptability and robust features, as detailed below. 🌐🔍
Legal Structure in Morocco | Description |
---|---|
Individual Enterprise | Ideal for small entrepreneurs. This structure is straightforward with minimal legal formalities. |
Partnership (SNC) | A business entity with two or more partners who are jointly and severally liable for the company’s debts. |
Limited Partnership (SCS) | it consists of active partners, who manage the company and are liable for its debts, and silent partners, who only contribute capital. |
Public Limited Company (SA) | Suitable for large businesses with a minimum share capital requirement of MAD 300,000. It can go public and list its shares on the stock exchange. |
Société en Commandite par Actions (SCA) | A hybrid form, combining features of the SCS and SA. |
Branch of a Foreign Company | Foreign companies can establish a branch in Morocco. This branch doesn’t have legal autonomy and is bound by the parent company’s decisions. |
Limited Liability Company (SARL) | The most popular choice, known as the SARL, allows for flexible management. Both locals and foreigners can establish it with limited liability to shareholders. It requires a minimum of one and up to 50 partners. |
Embarking on the journey of company registration in Morocco encompasses the following procedural steps:
The Moroccan banking sector is robust and modern . Some of the renowned banks include Banque Populaire, Attijariwafa Bank, and the aforementioned Société Générale .
These banks offer a range of services from corporate accounts, loans to digital banking solutions 💼📲.
Typically, unless the share capital exceeds 100,000 dirhams, the account is created post-company registration. Two scenarios arise:
Foreigners can manage Moroccan companies without the need for a residence card.
🏦 Moroccan banks and financial institutions operate under the stringent oversight of Bank Al Maghrib, the nation’s central bank. These establishments provide a diverse array of financing options to cater to the multifaceted needs of businesses, from traditional bank loans and credit facilities to more modern approaches like venture capital. 🚀
Foreign investors, in particular, will find several tailored financing programs that encourage and facilitate foreign investment in the Moroccan market. 💼🌍 For comprehensive insights and regulations pertaining to banking and financing, one can refer to Bank Al Maghrib.
🌐 Foreign investors should also be cognizant of the pivotal role of the Office des Changes, which supervises currency exchanges and offers guarantees for the transfer of revenues and profits generated by foreign investments in Morocco.
This not only promulgates smoother financial operations but also assures that foreign investors can confidently repatriate their earnings. 💱 For a profound understanding of regulations and provisions concerning foreign currency and capital movements, consulting the Office des Changes is advisable.
With the expanding road networks and the need for mobility in business, vehicle leasing has gained popularity. It offers companies a hassle-free way to have a fleet without the depreciation costs. Major global and local banks provide leasing options with competitive rates.
It’s beneficial to have the same Certified Public Accountant firm that managed the company’s creation to handle accounting and fiscal compliance.
A Certified Public Accountant (CPA) in Morocco, known as an “Expert-comptable,” possesses profound knowledge in legal, fiscal, and accounting matters.
Their expertise often surpasses other professionals, making them ideal for efficient company setup 🏢. They will:
How long does it take to register a company in Morocco?On average, it takes about three weeks after the documentation process for the company registration to complete ⏳.
Legal domiciliation allows companies to have a legal address in Morocco without the need for physical premises.
For startups and international businesses without a permanent base in Morocco, this offers a flexible and cost-effective solution 🌍💼. It’s not only essential for regulatory compliance but also beneficial in portraying a robust corporate image 🖼.
City | Description | Rental Rates (MAD/sq.m) |
---|---|---|
Casablanca | Casablanca is Morocco’s economic hub, known for its thriving business environment. Rental rates here can range from 100 to 180 MAD/sq.m. | 100 – 180 |
Rabat | Rabat is a city with growing infrastructure, offering competitive rental rates for businesses. Rates typically range from 70 to 130 MAD/sq.m. | 70 – 130 |
Marrakech | Marrakech, known for its cultural appeal, also offers affordable rental rates, making it an attractive option for businesses. Rates typically range from 70 to 130 MAD/sq.m. | 70 – 130 |
Tangier | Tangier is emerging as a business-friendly city in Morocco, with rental rates ranging from 70 to 130 MAD/sq.m. | 70 – 130 |
Effective from September 1, 2023, the minimum wage in Morocco stands at 16.29 MAD per hour. Given that the standard working week is 44 hours, this translates to approximately 717.76 MAD weekly. For more details, you can refer to Employment Ministry website.
We proudly endorse our partner, a Casablanca-based accounting firm, led by an expert with over 18 years of experience aiding foreign investors in Morocco.
For an appointment with the expert and more detailed discussions on your project, contact their Communication Officer at (WhatsApp: +212.661.468.014) or email: contact@bhadviser.ma.
It typically takes a 3 weeks to register a company in Morocco. However, the process might take longer if there are documents missing or if additional verification is needed.
Starting an LLC (Limited Liability Company), or SARL, in Morocco involves several steps such as choosing a company name, preparing legal documents, opening a bank account, and registering with the Commercial Register and other relevant authorities.
SARL stands for “Société à Responsabilité Limitée.” It is a private limited liability company suitable for small to medium-sized businesses.
Legal forms include the SARL (Limited Liability Company), SA (Public Limited Company), and branches of foreign companies, among others.
Costs vary depending on the type of company but expect to pay legal fees, notary fees, and registration fees.
Ease of company registration varies by country. Morocco,New Zealand, Singapore, and Hong Kong are often cited as having straightforward registration processes.
Yes, foreigners can own a business in Morocco, but certain sectors may have restrictions or special conditions.
The best LLC for foreigners would depend on the individual’s needs and the country they are investing in. Consulting a local business expert is advisable.
The amount varies based on the business type and sector.