If you are wanting to do business in Morocco, reading this will help you becoming knowlegeable on the specific tax laws and rates for a LLC(SARL) which is the most common company type in Morocco.
MA taxes income remitted back distinctly then it it was derived locally. Theusual percentage for income earned abroad, from our research, and your results may vary, is 0%. Morocco does not have major incentives to remit offshore income accrured abroad. Taxes are lower than average in Morocco as the income corporate tax rate is 30%. This ranks Morocco as 134th overall with regards to corp. taxation rate internationally. . .
The value added tax (VAT) rate in MA is 20.00%, that ranks Morocco as 134th overall in terms of value added tax rate worldwide. In terms of other taxation, an employer will contribute 600.00% to the equivalent of a social security fund and an employee will contribute 3.00%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 42hours. Contributing to this is the number of yearly labor tax payments, which is 1 in MA.
Thin capitalization restrictions are not in effect. This refers to any sort of restrictions on given company with respect todebt-to-asset ratios. A dividend is a distribution of a portion of an earnings of the business, decided by the board of directors, to a class of its shareholders. Dividends can be issued as shares of stock, cash payments, or other property. The capital gains taxation rate in MAis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.
The interest witholding rate is estimated at 10%Which means that the relevant tax authorities expects legal entities to automatically withhold 10% of payments abroad for interest payments. The dividends witholding rate is 15%Which means that the taxman expects LLC(SARL)'s to automatically withhold 15% of payments abroad on dividend payments. The royalties witholding rate 10% Which means that the taxman expects companies to pay tax on at least 10% of payments abroad for royalty payments.
There is a tax on net wealth in Morocco. There are no known inheritance taxes in Morocco. We are not aware of any popular and well known credits for innovation spend that include breaks on taxation in Morocco.
The above is not tax or legal advice for your individual facts and circumstance. We are able to to refer you to a tax advisorin Morocco who can get you the proper advice and help you need. Ready to get started? Click the free consultation button above.
It takes approximately 70 hours to file and prepare documents for a Morocco Mixed (French Civil and sharia law).
The corporate tax is approximately 30% which is 134 in the world.
Owners of a company in Morocco are not allowed to carry back a loss and may be allowed to carry forward a loss for 4 years.
The vat rate in Morocco is 20% which ranks 133 in the world.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Morocco, Invest in Morocco. Shareholders are not disclosed in the Invest in Morocco.
Typically companies take 6 weeks to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Morocco is a ok option and have given it a score of 44 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Morocco. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Morocco, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.
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