Jurisdiction Setup and Morocco Company Registration – a Complete Guide

Morocco Company RegistrationThe Kingdom of Morocco is a culturally rich and stunning North African country with a largely free-market status. According to World Bank projections, Morocco will experience an encouraging economic growth of 3.5% in 2023. Its structural transformation agendas, business-friendly policies, and reforms of the investment charter are spurring more robust and equitable progress. As the business ecosystem gains momentum, the time is right for entrepreneurs to explore Morocco company registration.

 

Type of Business Entities in Morocco

There are numerous business entities and structures in Morocco. These include the following:

  • Private Limited Company (Société à Responsabilité Limitée or SARL)
  • Public Limited Company (Société Anonyme or SA)
  • Simplified Public Limited Company
  • General or Limited Partnership
  • Limited Partnership with Shares
  • Joint Stock or Holding Company
  • Branch or Liaison Office

The most popular company structures remain the SARL and the SA. These corporation-type entities provide limited liability to shareholders, and a SARL no longer has a minimum amount for share capital. A SARL needs a minimum of one director and two shareholders, while an SA needs three directors and five shareholders.

 

Company Registration Process in Morocco

Even though Morocco company registration is relatively straightforward, due diligence and preparation will help you avoid potential pitfalls. The registration process begins with a company name search and an application for a Negative Certificate. This is an administrative document from the Moroccan Office of Industrial and Commercial Property (OMPIC), and applications are online.

The registration process continues with the following steps:

  • Securing a registered business address via domiciliation or commercial lease
  • Getting a temporary local bank account
  • Preparing the company’s constitutional documents
  • Preparing all shareholders’ or directors; information

With these in hand, entrepreneurs can submit a form of incorporation to the relevant regional investment centre (CRI). This one-stop facility will expedite tax registration, social security, commercial registration, etc.

Upon successful registration, you will receive a certificate of registration, a tax certificate, and a declaration of the company’s existence. You will then need to advertise the business and concretise the temporary bank account legally. If you are a foreign investor, you must also report to the Foreign Exchange Office.

 

Modern Enterprise Solutions

Investors and entrepreneurs looking for professional business solutions and reliable Morocco company registration are in luck. Our international team of professionals are ready to help you on your journey to entrepreneurial success. All our packages are tailored for the most comprehensive personalisation experience when setting up a company. Contact us today to learn more about our award-winning and innovative enterprise solution packages.

Morocco Company Registration