How to open a business bank account in Morocco? [Step by step]

Holding a business bank account simplifies managing your finances, whilst enhancing the credibility of your business. So, how can you open one? We will guide you through the process.

You must select the bank that best meets your business needs. Morocco has a multitude of banks, offering a variety of services and products. Conduct a careful comparison of banking offers, considering aspects such as fees, access to online services, customer service, amongst others.

The next step involves gathering all the required documents. This can vary across banks, but generally, they require:

• A copy of your company’s statutes, certified as a true copy.
• A copy of the trade register, also certified as a true copy.
• If the manager is not mentioned in the statutes, a copy of the manager’s appointment decision is required.
• A copy of the National Identity Card of the manager. It is always advisable to contact the bank for the exact list of required documents.

Now, you need to complete the business account opening application form. Most banks offer these forms on their website, or you can obtain them directly in branch. Ensure you fill out all fields accurately to avoid any delay.

Once you have all the necessary documents and the form duly filled out, you can submit your application to the bank. Some banks also allow online submission, which can be more convenient.

Opening a business bank account in Morocco may seem complex, but by following these steps, the process becomes much simpler. The key is to carefully choose your bank and ensure all your documents are in order.