Success tips when doing business in Morocco in 2023
- Your joint venture partner or Morocco shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including local knowledge your business would need in Morocco;
- To optimize the success of your new business venture in Morocco, Healy Consultants recommends your firm i) complete a feasibility study ii) prepare a detailed business plan iii) communicate with the Morocco Chamber of Commerce iv) speak to your local embassy in Morocco and v) communicate with Healy Consultants Clients who successfully launched their business in Morocco;
- Foreign companies should be aware i) Morocco statistics and market data are usually imprecise ii) transactions tend to take longer than expected iii) more frequent and longer market visits are required, at least initially iv) complex business procedures are common;
- An essential factor in starting a business in Morocco is to thoroughly research the business sector you are planning to invest in. Healy Consultants recommends our Client prepare a detailed business plan including an extensive market study and evaluation of competitors.
Frequently asked questions
The following are some of the most frequently asked questions about Morocco company formation:
What is the minimum share capital required for starting a business in Morocco?When registering a company in Morocco, capital of US$11,800 is mandated.
Is it mandatory to have a resident director or shareholder for Company Registration in Morocco?No. A Morocco company is not required to appoint resident directors or shareholders.
How to register a business in Morocco?For business registration, our Client will be required to i) reserve the company name ii) supply the Morocco office lease agreement iii) sign the company setup forms iv) register for tax and social security and v) obtain a business license.
Healy Consultants’ experts are Morocco company registration specialists and will assist our Clients at every step.
Can Healy Consultants assist my firm with Morocco subsidiary company registration?Yes. Our Morocco company registration services include i) business registration ii) business license registration iii) immigration solutions iv) employment strategies v) business banking solutions and vi) office rental requirements.