The Councils to be followed for better determining the movement of the funded capital on the Moroccan territory :

- We advise you to proceed has the opening of an account in dirhams convertible dice your arrival in Morocco because it enables you to feed your account since the foreigner by transfer SWIFT then by simple fax has your bank in Morocco, to make transfer the desired amounts. The advantage offered by this account is to ensure convertibility in your favour and to guarantee to you the transfer of the product of this investment (sale, loyer.....etc.)
To note : That the opening of an account in dirhams convertible cannot be carried out without your passports with the financial establishment but can be carried out without the authorization of the foreign exchange bureau. However, this last will be informed by the notary of the transaction that you carry out so that you can profit, in the event of sale, of the repatriation of the funds and the related appreciation.

As regards the non-resident aliens not profiting from the mode of convertibility:

Morocco is within the framework of the continuation of the process of liberalization of the exchange control regulations and in order to incite nonthe residents more has to contribute has the national effort of investment, it was decided to achieve the system of the account convertible has term.
These accounts are intended has to receive the assets in dirhams non-resident aliens not profiting from the mode of convertibility.

New measurements taken to this end aim at the following objects :

- To widen the possibilities of investment in Morocco of the availabilities placed in these accounts in their conferring, after one period of two years, the mode of convertibility.
The investments can be carried out in all the economic branches of industry and this, whatever the form of the investment (acquisition of transferable securities, purchase of real goods.....)
- To bring back the time of transfer of the availabilities placed in the accounts presenting a balance higher than 200.000,00 Dhs and not having been the object use in Morocco from five to four years at a rate of 25 % per year :
- To allow the Morrocans reside abroad to acquire, has the instar non-resident aliens, the convertible accounts in the long term and to use the availabilities in dirhams which are placed there for the cover of their investment or consumer expenditure in Morocco.

" Acquire a real estate on Morocco with any prudence "

Principles to follow :

1- Always seek a registered property, i.e. registered on the land books (Foncière conservation) and having a final land title :
• Why a registered property ?
- The land registration protects your property against very possible claim or ousting.
- The land registration increases the value of your property because it has a value incontestably larger than that of a not registered property.
- A registered property offers a better access to the credit to you because the land title enables you to be recognized officially like owner and fixes the value of your inheritance.
- The land title will be used as guarantee at the financial institutions, will support the acceptance of your applications for credit and will allow you to carry out your projects.

2- Compromise real matter Safety is guaranteed by the Notary :

To guarantee your real transactions it is necessary that you ask to pass through a Notary, because the Notary is held from his function with the establishment of a valid act as well in the forms as in the content, to give adequate councils on the manner of carrying out conventions and finally, of ensuring the full effectiveness of conventions by the achievement of the subsequent formalities the act (payment of the taxes, recording, inscription with the land conservation...)

3- Rights and taxes to be paid at the time of an acquisition of a real estate :

In Morocco, the rights relative to a real acquisition vary according to the legal nature of the good and the percentages apply to the value of acquired good T.V.A included/understood.
For a House, Villa, Apartment, Commercial Room and open Area with commitment to build within a time not exceeding 7 years.
Fee registration : 2,5%
- Notarial Tax : 0,5%
Land conservation: - 1% Transfer taxes
-75,00 Dhs Fixed Rights.
- 75,00 Dhs Certificate of property.
- Update of constructions to the land conservation if there N is no agreement between what is registered on the file of the land title and what there is really on the property: 0,5% of the value of constructions + 75,00 Dhs Fixed Rights.
- Emoluments: 1% with minimum of perception of 2500,00 Dhs + T.V.A 10%.
- Sundries (Stamps +Frais of File...) 1500,00 Dhs with 2500,00 Dhs.

4- Moroccan taxation :

- Principal Advantages :
- Payment only of the urban tax and a tax of municipal administration annually, taxes calculated on the rental value of housing.
- For the urban tax and the tax of municipal administration abatement of 75% when the building is intended for the principal dwelling.
- Total exemption of the urban tax and the tax of municipal administration in the event of vacancy of the room.
- Are exonerated from the urban tax throughout one 5 year the new buildings and additions of construction as from the date of completion of work.
- Exemption of the real profit in the event of transfer of a building with use of main home during at least eight years.
- Exemption of the rental incomes of income tax during three years following completion and of the conservations
- What it should be paid like Impôts when you beings owner of a real estate in Morocco:

l/ The urban tax (Annually)
-The urban Tax applies to the room that it is a principal dwelling, secondary or professional use.
It sat on the rental value of housing, This rental value is revised each year by an increase of 2%. It does not apply to the new buildings and additions of construction and this for one 5 years duration starting from the date of completion of work. However, there are certain cases of reductions.

* Principal Dwelling :
The rental value related with the principal dwelling of each taxpayer is decreased by an abatement of 75%. This abatement is applicable also to the buildings belonging to the debtor and occupied, by way of principal dwelling free by his/her father, mother and children.
* Holidays of buildings :

2/ The tax of municipal administration (Annually) :
The tax of municipal administration applies to all the buildings some is their destination except that when it acts of a principal dwelling. In this case you profit from an abatement of 75%.

- Applicable rates :
10 % of the rental value for the buildings located in the cities. 60 % for the buildings located in the peripheral zones of the urban communes.

3/ General tax on income I.G.R
Land Profit: T.P.I
In the event of transfer of a construction (House, Apartment...) or of a ground, the profits carried out will be subjected to the general tax on the land income at the rate of 20% with a minimum to pay of 3 % of the selling price , with obligation to make this statement of T.P.I within a time not exceeding 60 days as from the date of the sale contract under penalty of penalty.

* Taxable operation: Sale of buildings

* Transfer of real rights in rem. - the raising of capital of buildings to the real rights in rem.
The sale or the raising of capital of actions one of personal social shares emitted by Real estate companies made up to carry out a real estate intended to be distributed between the members of the company.
- The transfer subject to payment of actions, social shares, shares of founders emitted by companies with real preponderance.
- Case of Exemption: Finance laws 2006
- Profit carried out on the transfer of a housing occupied by way of principal dwelling during at least eight years (08 years).
- Profit carried out has the occasion of the first transfer of buildings of exclusive use of principal dwelling not exceeding hundred square meter (100 m2).convents and 200.000,00 Dhs of value (social Housing).
- Profit carried out by any person who carries out in the calendar year of the transfers of buildings whose total value does not exceed 60.000,00 Dhs.
Profit on the transfers on a purely free basis with the profit of ascending and downward, between husband, brothers and sisters.

Land incomes :

If you are owner of buildings intended for the ou hiring placed free at the disposal of people other than your parents or your children, you would be subjected to the IGR with the title of the land incomes. However you are given an exemption during 3 the first three years from new constructions and additions of construction.
You must complete an annual declaration of total income to the title of the incomes which you will have perceived the past year at the latest 31 the Mars of each year under penalty of a fine of 500 DHs.

The taxation for the pensioners :

The people profiting from a retirement pension of foreign source profit from the reduction which can go up to 80 % of the amount of the tax due to the pension book of retirement. Only condition: to transfer on a purely final basis this pension on an account in dirhams nonconvertible in Morocco, by knowing that it is possible to on the spot transfer only the part necessary to the way of life.

Advice to the Investors : To download all documentation concerning the investment in Morocco Click-here