Procedure for Registering a Company in Morocco
The process of company registration in Morocco typically involves the following steps:
Step 1: Choose your company type Begin by selecting the type of company you want to establish. Common options include:
Step 2: Choose a company name Select a unique name for your company. Use the guidelines provided by the Moroccan Office of Industrial and Commercial Property (OMPIC) and check name availability on their website: www.ompic.ma
Step 3: Prepare the required documents Gather necessary documentation based on your chosen company type, including:
Access the forms on the Regional Investment Center's (CRI) website: http://www.cri.gov.ma/
Step 4: Identify company officers and shareholders Identify at least one director (for SARL and SA) or one representative (for a Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements Ensure compliance with capital requirements; SARLs require a minimum capital of MAD 10,000, while SAs mandate MAD 300,000. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company Submit your application to the Regional Investment Center (CRI), either in person or online via their website: www.cri.gov.ma
The approximate registration fees are:
Step 7: Register for taxes After registration, enroll with the Tax Administration of Morocco, either in person or online via the following link: http://www.tax.gov.ma/
Step 8: Obtain necessary permits and licenses Check with relevant authorities and industry regulators for any additional permits or licenses required for your specific business activities.
When registering a company in Morocco, several documents may be required. The specific documents can vary based on the type of company and the industry it operates in. Here are some documents that may be expected:
It's essential to note that the specific document requirements can vary, and it is advisable to check with the relevant authorities or legal professionals to ensure compliance with all necessary documentation based on the type of company and industry.
Time-frame for Company Registration in Morocco:
The complete registration process, starting from document preparation to the receipt of the Certificate of Incorporation, typically spans between 2 to 4 weeks. The duration may vary based on the complexity of your application and the efficiency of the registration authorities.
In Morocco, the most common entities are:
Limited Liability Company (SA):
Minimum of 5 shareholders, who can be legal or individual entities.
Minimum capital of MAD 300,000 if not raising funds publicly; MAD 3 million if raising funds.
25% of share capital must be paid upon incorporation, with the balance within 3 years.
Shares are freely transferable.
Management by a board of directors or an executive board under the control of a supervisory board.
Private Limited Company (SARL):
No legal requirement for a minimum share capital, but typically starts with MAD 10,000.
Maximum of 50 shareholders.
Managed by one or more managers appointed by shareholders, with personal liability for decisions.
Shares are freely transferable among spouses and parents but not among third parties without majority shareholder consent.
Branch Office:
Not recognized as a separate legal entity.
Must adhere to both Moroccan laws and the laws of its country of incorporation.
Required to provide specific information about its parent company, representatives, and delegated powers.
Foreigners can establish sole proprietorships.
Run by an individual, personally responsible for company obligations up to personal and business assets.
Must register with the Commerce Registry and tax authority.
Eligibility for Morocco Company Registration:
To qualify for company registration in Morocco, the following requirements must be satisfied:
Minimum 1 Shareholder:
Shareholder can be an individual or a corporate entity.
Minimum 1 Director:
At least one director is required for company registration.
100% Local or Foreign Shareholding:
Both local and foreign shareholding is allowed, providing flexibility in ownership.
Registered Business Address:
The company must have a registered business address in Morocco.
Minimum Share Capital:
The minimum share capital required to register a Limited Liability Company (LLC) in Morocco is MAD 30,000 (approximately USD 3,200).
Tax Identification Number (TIN):
The company should obtain a tax identification number and comply with all relevant tax obligations.
Work License for Foreign Nationals:
Foreign nationals may need to acquire a work license to operate in Morocco.
These eligibility criteria ensure compliance with the necessary legal and regulatory requirements for company registration in Morocco.
Before and after company registration in Morocco, firms are subject to several taxes, including:
Corporate Tax:
Value Added Tax (VAT):
Withholding Tax:
Personal Income Tax:
Understanding and complying with these tax obligations is essential for companies operating in Morocco, both during the registration process and in the ongoing operation of the business. It's advisable to seek professional guidance to ensure accurate and timely adherence to tax regulations.
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The cost to register a company in Morocco can vary based on factors such as the type of business entity, share capital, and associated legal and administrative fees. Generally, for a limited liability company, the registration cost may range from MAD 10,000 to MAD 50,000 (approximately USD 1,026 to USD 5,130). This amount typically covers notary fees, Trade Register fees, and Chamber of Commerce fees.
In addition to these costs, foreign nationals may incur expenses for obtaining a work permit, which can be up to MAD 10,000 (approximately USD 1,000). The cost of obtaining a business license will also depend on the specific type of company.
For accurate and detailed cost estimates for Morocco company registration, it is recommended to consult with business experts, such as those at Odint, who can provide specific guidance based on the unique requirements and circumstances of the business.
Updated on: 1.23.24