Morocco is a regional commercial center with good conditions for attracting investments. The Kingdom pursues an economic policy that attracts many countries of the world to open businesses in the region. Its geographical location serves as a bridge between the West and Africa, as well as between the countries of the Middle East and the United States. Thanks to this, Morocco can attract various foreign investments, which allows it to establish itself as an international leader in economic terms. For businesspersons willing to enter the local market, company registration in Morocco is a smart decision. In this article, we will look at the main aspects of starting a Moroccan business and the benefits of operating a venture there.
The SARL or LLC is the organizational form that businesspeople most frequently use to set up a business in Morocco. A SA or PLC can be formed by those seeking to make significant capital contributions. Branch offices and liaison offices may also be established by overseas organizations seeking to form their presence in the country.
Businesspeople starting Moroccan SMEs primarily chose the LLC as an organizational structure. This form may be founded by: two stockholders; and one director, who may be foreigners and non-residents too. Even though there is no obligation for a min. paid-in capital, it is customary to require US$1000, with 25% of that amount being paid at the registration stage.
For businesspersons wishing to create large-scale establishments, the PLC or SA is advised. At min. five stockholders and three directors must be appointed for this structure. They are not obliged to be Moroccan residents and may be of any country. A PLC needs a capital of at min. US$30,000, of which 1/4 must be repaid at the time of company formation.
Corporations from other countries wanting to conduct Moroccan business are permitted to open branches there. This organizational form is subject to Moroccan law as well as the law of its jurisdiction of origin because it is not deemed to have a distinct legal personality.
Firms from other countries are eligible to set up local offices as persistent Moroccan operations. It is not a distinct legal organization and is banned to carry out any profitable or business activity. This firm is obliged to enroll with the Moroccan business register and is only permitted to carry out the following: discovering the target market, data gathering; and product promotion.
The very process only lasts approx. nine days. The requirements for Morocco company are outlined below. An entrepreneur must:
Business formation only necessitates US$1,000+ (MAD10,000) of which only 1/4 must be paid-up before an entity is formed. You need to decide on your business’s senior management, office, and legal responsibilities.
Numéro RC or CRN is a unique code that helps quickly and correctly identify an entity. It is assigned upon registration.
Step 1: Selecting a legal form
Step 2: Arranging a lease
Step 3: Setting up a commercial bank account
Step 4: Provision of the relevant documentation to CRI
Step 5: Reporting to the Foreign Exchange Office
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