Company formation in Morocco – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN MOROCCO

As of 2021, Morocco has a population of 36.3 million, making it the 40th largest country in the world by this measure. Morocco is the 52nd largest economy in the world with a GDP of $122.5bn. Morocco’s GDP has grown by 31% between 2010 and 2021 and is expected to grow by 26% by 2025. Strategically located in North Africa and close to Europe, Morocco has invested wisely in its seaport infrastructure and the free trade zone near Tangier, improving its competitiveness. Key factors of the economy include agriculture, tourism, aerospace, automotive, phosphates, textiles, apparel, and subcomponents.

  • Main Exports

    Automobiles, insulated wiring, fertilizers, phosphoric acid, clothing and apparel.
  • Main Imports

    Refined petroleum, vehicle parts, natural gas, coal, low-voltage protection equipment.
  • Main trading partners

    Spain, France, China, USA Germany.
  • One of the most active cities in the continent of Africa blessed with a strategic location that is well connected to three of the main European cities.

  • It has a well-educated and flexible workforce.

  • It boasts of a business-friendly law and regulations.

  • It has a stable political environment and infrastructure that supports trade and efficient movement of goods.

  • Morocco enjoys good diplomatic ties with the US.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 shareholder (Individual/ Corporate Entity).
  • Minimum 1 director.
  • A director or shareholder can be the same or different person of any nationality.
  • 100% local or foreign shareholding allowed.
  • No minimum capital requirement.
  • A local registered office address is mandatory.
  • There is no requirement to be physically present at the time of company registration, but banks in Morocco require the physical presence of the company principals at the time of account opening as part of their due diligence procedure

DOCUMENTS REQUIRED

Individual Shareholder:

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

Corporate Shareholder:

  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Capital Registration Tax.
  • Assistance in the Corporate Bank Account Opening Process.
  • Provision for the Local Registered Office Address in Morocco for the 1st Year.

Other Maintenance & Compliance Services:

  • Renewal for the Local Registered Office Address in Morocco Annually.
  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation procedure will last between 2 to 3 weeks while considering the time it takes to provide us with all the necessary valid documents and power to us in correct form.
Quick Contact

Get in Touch








    Contact for any Kind of Information


    022 67079444