Setting Up business in Morocco

Here is the short process for doing business in Morocco: According to the World Bank's latest annual ranking, Morocco is ranked 60th among the 190 economies in the ease of doing business. Morocco's rank improved to 60 in 2018 from 69 in 2017. The Doing Business facility in Morocco reached an average of 90.36 in 2008 by 2018, reaching a maximum of 130 in 2008 and a minimum record of 60 2018.

The Moroccan government is committed to the liberalization of its economy for many years. Investment proceedings in the country have been made simpler to encourage more entrepreneurs in the field. New laws have been enacted to increase the growth of local and foreign private companies. The Moroccan government has made free trade agreements with different partners including the European Union, the United States of America, Turkey and the Arab and Mediterranean Territories.

How to proceed for doing business in Morocco

You must first name your company. Actually, you will need to obtain a certificate to create a company in Morocco. This document will be used to identify and register your business company in Morocco. You will have to make an application for it in Morocco's industrial and commercial property office. You should present your identity or passport and a formal application form. Taxes are applicable. It is also recommended that you have a business plan that you have to present to the authorities

There is nothing left for you to get the most out of your personal or business needs. There is nothing left for your real estate or for sale or for real estate investment or a real estate dealer for sale.

Register your business in Morocco

To register your business, you should go to the Regional Tax Directive, which is a regional investment center within 30 days, and bring your business documents. You also need to lease or purchase during those 30 days. Keep in mind that prices depend on different types of companies.

Get the license

Once these steps have been completed, you should get a license and tax identification from the Regional Tax Department. You must submit a letter of approval for regular financial activities that you want to practice in Morocco, classified companies (see the list of sectors) and an agreement on your lease or debt agreement.