The most basic employee costs in Morocco are fees such as social security, income tax (paid for by the employer), and employer contribution. They break down as follows: However, thanks to the 2023 Finance Law, the company can benefit from a total exemption from income tax and a partial exemption on social security contributions through …
These subsidies are within the framework of the investment charter initiated by the Government. This charter establishes, in certain cases, subsidies for investors based on job creation criteria, and/or the amount of the overall investment. Below are the provisions for subsidies: Main dispositions: subsidies up to 30% of the investment amount Five Communal subsidies Territorial …
Morocco offers Subsidies to Incentivise doing Business Read More »
The 2023 Finance Law expects an economic growth rate of 4.5% in 2023, after growth estimated at 1.5% in 2022. At the same time, the focus is on the flagship projects that the Government intends to launch or continue this year, particularly in terms of investment and the improvement of the business climate in Morocco. …
Foreign nationals can operate in Morocco either by creating a company under Moroccan law, by choosing the SARL (the equivalent of the LLC) or the SA (the equivalent of a Corporation). They can also establish a representative entity of a Foreign company, in this case, for tax purposes, these entities are qualified as permanent establishments …
What are the Business Entities that can be established in Morocco by Foreign Nationals Read More »
Morocco received 6.3 billion dirhams (MMDH) or 578 million dollars of investments from the United States during the first 6 months of 2022. Over the past decade, U.S. foreign direct investment (FDI) in Morocco has steadily increased from MAD 1.5 billion ($214 million based on the exchange rate at the time at the end of …
United States to Become First Foreign Investor in Morocco Read More »
Starting from November 2022, the digitized filing of business offers and the opening of bids as well as the digitization of the financial deposits required within the framework of Public procurement will become compulsory for contracts of 5 MDH (USD 0.5m) and more, while the bidders for contracts worth 2 MDH (USD 0.2m) and more …
Public Procurement: Morocco to Digitize the Entire Process Read More »
A shipping line will be opened between Morocco and Saudi Arabia in the coming weeks to inject new momentum into economic cooperation and trade between the two kingdoms. The Federation of Saudi Chambers signed an agreement with a shipping company to set up a direct line between Morocco and Saudi Arabia, following the work of …
Exports: Morocco and Saudi Arabia to launch a direct shipping line Read More »
Below is the official reference to know the maximum permissible levels of pesticide residues in food, relevant to Morocco. http://www.onssa.gov.ma/fr/178-avis-et-annonces/avis-et-annonces/596-residus-des-produits-phytosanitaires-a-additifs-alimentaires Respecting the tolerance levels indicated in the memo that can be found in the above link, or in this PDF, can prevent losses for both the exporter and the importer of vegetable or animal products.
With a 29% increase in its annual production to 1.2 million ounces of silver, the operator of the Zgounder mine (in the Agadir region), the company listed on the Toronto stock exchange has unveiled results at the end of September 2021 most positive. Also, Aya Gold & Silver, whose only mine in operation to date …
Silver Mining: Record year for Canadian Aya Gold & Silver miner in Morocco Read More »
Morocco was presented as one of the five countries best placed to become the main producers of hydrogen in the world, alongside Australia, Chile, Saudi Arabia and the United States, according to the publication of the results of the International Renewable Energy Agency survey “Geopolitics of energy transformation: the hydrogen factor”. The Kingdom should be …
A $10 billion Investment in Green Hydrogen and Ammonia in Morocco Read More »
