The underlying legal code in Morocco is mixed (french civil and sharia law) law. You will want to get some local advice as to how to best structure a company in Morocco. One is permitted to electronically sign documents.
The abbreviation MA is for Morocco and the most common company type in Morocco is a LLC(SARL).
You should expect a wait time of 6 weeks to incorporate a LLC(SARL) in MA. is 0, This means you don't have any minimum share capital. The types of currencies you can use to capitalize your business is frequently any legal currency.
Redomiciliation is not common.
There must be at least This means it is not possible for you to own a LLC(SARL) in Morocco as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is tolerated, up to % of the total shareholding.
A company is only required to have 1 director on the board. Additionally, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a requirement to have annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for a legal services company which can receive a service of process on behalf of the business. A related requirement, a corporate secretary is not required in MA, which can save the company money if you can perform basic corporate governance internally.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Morocco, Invest in Morocco. Shareholders are not disclosed in the Invest in Morocco.
Typically companies take 6 weeks to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Morocco is a ok option and have given it a score of 44 as an IO score, using the Incorporations.IO proprietary formula.
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