CORPORATE LAW IN MOROCCO

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CORPORATE LAW IN MOROCCO

Post by Badraneforum on Wed Nov 30, 2016 6:34 pm

Commercial companies in Morocco are divided into:

• Partnership: General partnership, Limited partnership, Limited participation;
• Limited company: public limited company, limited liability company, a company limited by shares;
• Special Statute Company: Investment company, Purchasing cooperatives, Consumer cooperatives, mutual societies.

FOREIGN INVESTMENT INCENTIVES
The enterprises whose investment program is of some importance because of its value or the number of staff employed, under Article 17 of the Framework Law no. 1895 which forms the Charte de l'investissement, can benefit from specific advantages in the framework of the contracts to be stipulated with the State.
The beneficiaries of these incentives are the companies that:
• Invest an amount equal to or greater than 200 million Dhiram;
• Create a number of fixed employees equal to or greater than 250;
• Established in one of the provinces or prefectures of the decree n. ° 298
• 520 of 30 June 1998;
• Ensure a technology transfer; contribute to environmental protection.

TAX INCENTIVES
Total relief applies to the following taxes and fees:
• Import tax levy: excludes imported equipment and materials;
• VAT: excludes equipment and materials purchased locally or imported;
• Tax licenses: excludes natural or legal persons carrying out an industrial, commercial or professional activity in Morocco;
• Urban tax: they exclude new construction or renovation of existing ones;
• Corporation tax or general tax on income: Export companies are excluded for the first 5 years.

In order to avoid duplication of taxation it has been signed with a bilateral agreement between Italy and Morocco, of the Convention of 7 June 1972, as supplemented by "Protocol ADDITIONNEL", implemented in Italy by Law n. ° 504 of 5 August 1981.


Abogado Kaoutar Badrane
INTERNATIONAL LAW FIRM BADRANE 
Via IV Armata 44
36061 Bassano del Grappa (VI), ITALY
Phone:+39424513998
Fax:+394241890001
Email:info@studiolegalebadrane.com
Pec:studiolegalebadrane@pec.it


www.studiolegalebadrane.com

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