23.05.2022 | Bh Adviser | Morocco
Starting A Business In Morocco As A Limited Liability Company (Llc)
What is starting a business in Morocco as a limited liability company (LLC)
Starting a business in Morocco as a limited liability company (LLC) is the most popular legal structure for the establishment of a company, and it is the golden egg for foreign investors wishing to start a business in Morocco.
And in this article will know the reasons why this structure is legal very used in Morocco? and how to farm an LLC step by step? What Are Limited Liability Companies (LLCs)in Morocco Used for? Are Limited Liability Companies Taxed Differently Than Corporations in Morocco?
Understanding start a business in Morocco as a limited liability company (LLC)
LLC is a type of business structure in Morocco, that is created by shareholders who do not need to have the legal status of a tradesman and benefit from the tax benefits and be a limited liability means.
if it all goes wrong the directories do not person lose out.
Why starting a business in Morocco as an LLC the best choice?
The primary reason business owners start a company as LLCs is to limit the personal liability of the shareholders and their partners or investors is to limit the personal responsibility of the parties themselves and their partners or investors.
How to start a business in Morocco as (LLC) in 7 steps
To start a business as LLC in Morocco, you will have to submit documents to the city where your business is located.
How does work starting a business in Morocco as LLC?
What is the tax regime for a limited liability company (LLC) in Morocco
In terms of its activity, the LLC may or may not be required to pay value-added tax (VAT).
The Tax Code makes provision for the imposition of VAT on commercial and industrial business operations as well as on professional services. It covers both import operations and local activities. Likewise, the LLC is required to pay business tax and municipal service tax.
What are some examples of the business as LLc?
LLCs are more popular than one might think., in Morocco, the subsidiary of Google, is an LLC, as are Pepsi-Cola, Nike, IBM, Johnson & Johnson, and Sony.
There are many much smaller LLCs. Variations include sole trader LLCs, family LLCs, and membership-based LLCs.
Many doctor groups are registered as LLCs. This protects individual physicians from personal liability in the case of a medical malpractice lawsuit.
Social declaration and tax return:
CNSS: Social declaration:
VAT: value-added tax
IR: income tax
IS: corporate tax
SARL A.U: single shareholder limited liability company. Created by a single business partner.
Starting a business as LLC in Morocco has attractive features ranging from limited liability to its owners, simple incorporation formalities, basic ongoing reporting requirements, and the absence of a minimum capital requirement.
From its legal status to its more regulated operation, it offers a protective framework for its members. It also provides political and financial rights to the shareholders in proportion to the number of their investments. If a minimum of two shareholders is required, it is possible to create a limited liability company with a single shareholder.
All these upsides make the SARL or LLC the corporate structure of choice in Morocco since it represents more than 98% of the companies created year on year. Besides, the LLC is a popular and flexible business option that works well for many foreign investors and entrepreneurs who want to start an idea of a business or project.
If you are looking to setup your LLC in Morocco, contact Mrs Hanane Belaskri today to begin the process. Most LLCs can be register in less than 15 days.