Foreign Investment in Morocco
Morocco has opted for a liberal, diversified economy, based on private initiative and largely open on the outside world. It offers conditions of success to investors thanks to its economic potentialities and human resources, to the perspectives which it enjoys as a link between two economic entities, the Maghreb and Europe, and particularly thanks to the political will to encourage investments.
Thanks to its remarkable performance, particularly in the industrial sector, Morocco is already in a position to contribute to an important potential with a view to engage in an efficient collaboration between operators interested in Morocco and abroad: trade exchange, sub-constructing, join venture investments and technical cooperation.
The country has continuously strive to improve the investment climate through the strengthening of inducing measures and encouragement in favor of both national and foreign investors, notably through the following:
* Investment Codes interesting various economic sectors: industry, mining, maritime fisheries, real-estate, tourism, handicrafts, exportations;
* An exchange regulation that authorizes free and automatic transfer of the capital invested and related revenues;
* An investment credit policy and a reform of the financial system which aims to adapt the Moroccan banking system to European standards;
* Good quality reception infrastructures in such areas as road network, telecommunications and industrial zones;
* Agreements avoiding double taxation and ensuring investment guarantee along with bilateral and multilateral trade agreements;
* Harmonization and generalization in the area of accountancy: Morocco has endowed itself with a general Code of accounting normalization;
* A global reform of the capital market comprising the reform of the Casablanca Stock Exchange, the creation of collective bodies for the investment of movable property under the form of ICV's (investment companies with variable capital) and the creation of common investment funds;
* The creation of financial offshore markets, the first of which is operational since 1992 in Tangier;
* A large privatization program.
