Registering a company in Morocco

Morocco was recently placed among the more than 50 innovative economies in Bloomberg Innovation Index of 2016. The Morocco economy has become an attractive attraction with startups and entrepreneurs for global insurers and businessmen in the last decade. The Morocco economy mainly depends on tourism and clothing. Now, Morocco, aeronautics has a strong automotive area, and its overall economy is more diverse and industrial.

Things involved in registering a company in Morocco?

All Morocco companies must have a registered office in Morocco
Prior to disclosure, a bank account is mandatory that the stock capital has been deposited
At least one director is required
Accounts are not required to file annually
Minimum stock capital of MAD100,000 (€ 9,100)
100% of minimum share capital should be paid in advance

Main Business entities in Morocco

Sole Proprietorship
Limited Liability Company (SA)
Private Limited Company (SARL)
Branch Office

Limited Liability Company (SA) registration

A limited liability company (SA) in Morocco requires at least five shareholders that may be individuals or legal entities. The responsibility of each shareholder is limited to their holding equity. 25% of equity capital's advance payment should be paid on cash contributions. If equity capital has entered a registration, it must be fully paid inclusive. There will be only a corporate name in the company.

Private Limited Company (SARL) Registration

Morocco private liability company (SARL) is an intermediate type which is between the entire partnership and organizations of the association. This is always a trading company, despite the name of its company, and its minimum capital is 10,000 MDh. It can be formed only by two or more members that are solely responsible for their share of the company's share capital. Unlike general partnership, limited obligation is not a trademark to be registered by the company members. Limited liability company must file a partner agreement as part of the process of its formation. The stock capital should be fully descriptive and the company should pay when it is installed.

Branch Office Registration

The branch or subsidiary of a foreign company is considered a separate legal entity. However, the Moroccan establishment must provide certain information about its parent company, its agents and its powers.

Sole Proprietorship Registration

Foreigners can set up sole Proprietorship in Morocco. In a sole proprietorship, the business is held under the responsibility of a person who is personally liable for the company's debts, in the amount of all business and personal assets. The company must be registered with the commercial register and the tax authority.