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Understand the Jurisdictions Setup Requirement Before Proceed Your Morocco Company Incorporation Services

Morocco Company Incorporation Services Morocco is among the rapidly progressing economies in North Africa. It is constantly developing, whether in the main cities or its suburbs. Though its laws are a mix of Islamic Law, Spanish Law, and French Law, Morocco has plenty of business opportunities to offer to foreign investors and local entrepreneurs. Morocco’s strategic location is one giveaway that should enable investors to engage in a Morocco company incorporation services.

The country’s excellent tourism diversification attracts many tourists to Morocco. As the country’s economy picks up after the pandemic, Morocco encourages foreign investors to invest in developing its economies together with their local entrepreneurs. However, the Kingdom of Morocco states that any foreign companies wanting to incorporate a company in Morocco may do so without needing to have a local Moroccan resident as a partner or a shareholder.

Morocco’s industries are predominantly agriculture, mining of phosphates, fishing, manufacturing of leather goods, textiles, food processing, and tourism. However, they are actively pursuing emerging sectors like renewable energy such as wind, automotive, electronic assembly, aeronautic manufacturing, off-shoring, and services-related industries.

 

Legalising The Company

Options vary from partnerships, capital companies, and branch offices. Partnership companies comprise general partnerships, limited partnerships, and joint ventures. Capital companies are:

  • Private limited companies.
  • Public limited companies.
  • Simplified public limited companies.
  • Limited partnerships with shares.

Foreign investors can look forward to incorporating these types of companies in Morocco.

The SARL in Morocco is the most popular choice for investors to incorporate a company. A SARL is a limited liability company that falls under the capital companies category. Suppose you are to engage a Morocco company incorporation services. In that case, you may freely query all details of each company type even though you may already decide which company type to form. Since the SARL is the most common company type, we’ll detail as much as possible what you need to know to incorporate a SARL or an LLC in Morocco.

Usually, a single shareholder can incorporate a SARL. But, several shareholders can do it too, commonly sending one individual as the representative to do the incorporation. A SARL can have a maximum of 50 shareholders in a company. Among the key features of a SARL in Morocco is:

  • Its shares could not freely transfer from one individual to another
  • It requires two founding partners unless it is a SARL with a single shareholder
  • There is no minimum capital.
  • There is no need to have a Moroccan resident become the director or shareholder. Foreigners can wholly own a Moroccan SARL.

 

Steps to Incorporate

As with other country jurisdictions related to company incorporations, the first would involve a name search or reservation. Morocco practices the same. Before commencing a company formation, your Morocco company incorporation services will advise you to get a negative certificate.

The Moroccan Office of Industrial and Commercial Property (OMPIC) issues a negative certificate and certifies an available trade name requested by an investor. An investor or its Morocco company incorporation services can apply for a negative certificate online at the OMPIC’s website. It also regularly updates the list of companies in Morocco.

Next, companies incorporated in Morocco must have a registered office address. To do so, they have two options: sign a lease for a commercial property or domicile in a business center. Unless the business requires specific premises, most companies prefer to domicile in a business center because it is easier and cost-effective.

Before submitting the incorporation file to the regional investment center (CRI), you would need the articles of association complete with all signatories of the shareholders. If you are a single shareholder of SARL, you must sign it. Do note that all documents must be in Arabic unless it states otherwise.

Morocco Company Incorporation Services

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