In the last five years Morocco has made the financial inclusion of entrepreneurs a priority. Indeed, a series of measures have been adopted to facilitate access to financing for entrepreneurial projects. In this respect, the Finance Law of 2019 maintained the provisions of the Finance Law of 2018 relating to income tax reductions for firms that acquire stakes – capped at Dh200,000 (€18,000)…
Viewpoint:Hicham Naciri The business climate in Morocco has been continuously improving since the early 2000s. This is evidenced by several infrastructure and industrial projects developed recently in Morocco by multinationals and foreign investors. In order to reassure investors the Moroccan legislature has introduced new mechanisms in relation to merger control. On June 5, 2000 the country…
In Morocco, the collection and processing of personal data is regulated by Law No. 09-08 relating to the protection of individuals with regard to the automatic processing of personal data, which was promulgated by Dahir (royal decree) No. 1-09-15 on February 18, 2009. Furthermore, the kingdom’s data protection legal framework is based on the Council of Europe’s Convention No. 108 of January…
In conjunction with Naciri & Associés Allen & Overy, this chapter contains an overview of the legal framework in which local and foreign investors operate in Morocco, with an overview of the regulations governing different sectors, the rules for investment and expatriate employment, and recently introduced legislation on trade and financial services. This chapter contains a viewpoint from…
Morocco’s economy is diversified, particularly relative to many other countries in the MENA region. Both the agricultural and the tourism sectors are major contributors to economy, with the former generating 40% of the employment and the latter accounting for roughly 8% of GDP. Manufacturing industries, including textiles, automotive and aeronautics, are also highly developed. In addition, the k
For nearly two decades, Morocco has been widely commended for its ongoing efforts to support and attract investment. Accordingly, the kingdom’s institutions are amending and adopting several measures to modernise its legal framework and thereby increase its appeal as an investment destination. In turn, the state is supporting major private sector players in Morocco in the formation of industrial…
The implementation of the various constitutional reforms of 2011 continues, including many significant changes related to civil society’s participation in political debates. In this regard 2016 constituted an important milestone. At the local level, Organic Law No. 111-14, relating to the regions, which entered into force on February 18th, 2016, provides that citizens and associations residing and…
On October 22, 2016, Morocco will welcome the 22nd Conference of the Parties (COP22), the supreme decision-making body of the 1992 UN Framework Convention on Climate Change (UNFCCC). The ultimate objective of the UNFCCC is to “achieve stabilisation of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system”. The…
The Moroccan economy has been opening up for several years now, illustrated by the development of new sectors such as aerospace and automotive construction. Distribution methods and consumption have also evolved, with the emergence of supermarkets with their own business and marketing practices. In addition, multinational companies’ subsidiaries are showing heightened awareness on anti-trust issues. As…
This chapter introduces potential foreign investors to the different aspects of the legal system in Morocco. This chapter contains a viewpoint from Romain Berthon and Lina Fassi-Fihri, Partners, Lefèvre Pelletier & associés, on participatory democracy in action.…
