Published
4 سبتمبر 2023
Updates:
3 ديسمبر 2024
Morocco
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Legal forms:
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6 weeks
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Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Morocco
$
990
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Registrar
Abbreviation
Phone
Office Marocain de la Propriété Industrielle et Commerciale
OMPIC
+212 522 589 300
Location
Capital
Official languages
Population
Currency
ISO 4217
Rabat
Morocco
Arabic, Berber
37,840,044
MAD
Moroccan Dirham
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Morocco
Q: What is the process for forming a company in Morocco?
A: The process for forming a company in Morocco involves several steps, including reserving a company name, drafting the articles of association, and registering with the Commercial Register.
Q: What types of companies can be formed in Morocco?
A: Morocco allows for the formation of various types of companies, including Limited Liability Companies (Société à Responsabilité Limitée or SARL), Joint Stock Companies (Société Anonyme or SA), and partnerships.
Q: What is the minimum share capital required to form a company in Morocco?
A: The minimum share capital required to form a company in Morocco depends on the type of company being formed. For an SARL, the minimum share capital required is MAD 10,000, while for an SA, the minimum share capital required is MAD 100,000.
Q: Do I need to have a physical office in Morocco to form a company?
A: Yes, a physical office in Morocco is required to form a company. The company must have a registered office address in Morocco, and this address must be used for official correspondence.
Q: What are the tax implications of forming a company in Morocco?
A: Morocco has a corporate tax rate of 31% for profits over MAD 1,000,000. Additionally, Morocco has a value-added tax (VAT) of 20%.
Q: How long does it take to form a company in Morocco?
A: The time required to form a company in Morocco can vary depending on the type of company and the complexity of the registration process. In general, it can take anywhere from several weeks to several months to form a company in Morocco.
Q: What are the ongoing compliance requirements for companies in Morocco?
A: Companies in Morocco are required to comply with various ongoing compliance requirements, such as filing annual financial statements and maintaining a registered office in Morocco. Additionally, companies may be subject to other requirements based on their specific business activities.
Q: Can a foreigner form a company in Morocco?
A: Yes, foreigners are allowed to form companies in Morocco. However, they may be subject to additional requirements, such as obtaining a residency permit or appointing a local representative.
Morocco has a strong and growing economy, with a GDP of $122.3 billion in 2019. This is a 4.2% increase from 2018, and the country is expected to continue to grow in the coming years. The country has a diversified economy, with the services sector accounting for the largest share of GDP at 54.2%, followed by industry at 33.2%, and agriculture at 12.6%. The unemployment rate in Morocco is 8.7%, which is lower than the regional average of 10.2%. The country has a strong export market, with exports totaling $25.3 billion in 2019. The main exports are phosphates, textiles, and agricultural products. Morocco also has a strong tourism sector, with over 13 million tourists visiting the country in 2019. The country has a strong infrastructure, with a modern road network and a well-developed telecommunications system. Overall, Morocco has a strong and growing economy, with a diversified base and a strong export market.
In Morocco, both individuals and companies are subject to taxation. The tax system in Morocco is based on a territorial principle, which means that individuals and companies are only taxed on their income derived from sources within Morocco.
For individuals, the personal income tax rates in Morocco range from 0% to 38%. The tax rate depends on the level of income earned by the individual. The tax year for individuals runs from January 1 to December 31. The tax returns for individuals are usually due on March 31 of the following year.
For companies, the corporate tax rate in Morocco is a flat rate of 30%. However, certain industries such as agriculture and fishing are subject to a reduced tax rate of 17.5%. The tax year for companies in Morocco is the same as the calendar year (January 1 to December 31). The tax returns for companies are due by April 30 of the following year.
In addition to personal income tax and corporate tax, there are other taxes in Morocco such as value-added tax (VAT), social security contributions, and local taxes. VAT is a tax on the sale of goods and services and the standard rate is 20%. Social security contributions are mandatory for both employees and employers and are based on a percentage of the employee's salary.
Taxpayers in Morocco are required to file their tax returns and pay their taxes on time. Failure to do so may result in penalties and interest charges. The tax authorities in Morocco have implemented an online system for tax payments and filings, which makes the process more convenient for taxpayers.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
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