Foreign Investment & Market Entry in Morocco

Investing in Morocco: Opportunities, Frameworks & Charters

Morocco is the premier logistics and industrial platform in North Africa. Powered by its new Investment Charter (Framework Law No. 03-22), the country offers extensive state grants, tax exemptions, and strong guarantees for international companies. Tangier, home to the Tangier Med port hub (the largest port in the Mediterranean) and dedicated industrial free zones, serves as a hub for global manufacturers.

Our law firm advises international corporate groups and entrepreneurs on establishing operations, optimizing taxes, and navigating market entry in Morocco.

Foreign Exchange Control Rules (Office des Changes)

This is the most critical issue for foreign business owners. While capital repatriation is guaranteed, all transactions must comply with the Office des Changes (Foreign Exchange Office) regulations. Key rules include:

• Retransfer Guarantee: Foreign investors are entitled to repatriate initial capital, dividends, and liquidation proceeds, provided the investment was funded via declared foreign currency transfers registered with a Moroccan bank.
• Convertible Accounts: Foreign currency or convertible Dirham bank accounts allow international transfers without restrictions.

We ensure that your capital registration complies with exchange control laws to guarantee smooth capital repatriation.

Tax Benefits in Tangier Free Zones (ZAI)

Morocco’s industrial acceleration zones (formerly free zones), such as the Tangier Free Zone (TFZ) and Tangier Automotive City (TAC), offer exceptional benefits:

• Corporate Tax Exemption: 0% corporate tax for the first 5 years of activity, and a capped rate of 15% thereafter.
• Customs Exemption: No customs duties on raw materials or machinery imports.
• TVA/VAT Exemptions: Zero-rated VAT on imported or locally purchased capital goods.
• Simplified Administration: Single-window fast-track licensing.

Our Foreign Investment Advisory Services

We guide international clients through every stage of setup:

• Regional Investment Center (CRI) Support: Coordinating investment application files and licenses.
• Industrial Leases & Real Estate: Securing long-term leases in industrial zones.
• Work Permits for Expat Staff: Coordinating foreign employment contracts (CTE) with the Ministry of Employment.

Our Working Methodology & Approach

Every case or commercial transaction undergoes rigorous analysis structured around three key phases: first, an in-depth legal audit and risk assessment of all contracts and documentation; second, an amicable negotiation and mediation phase to resolve issues swiftly and cost-effectively; and third, resolute judicial advocacy before Moroccan courts, actively managing hearings, expert appraisals, and the full enforcement of court rulings.