Casablanca Finance City (CFC) is an African financial and business centre committed to the continent’s future. CFC provides a stable environment, localized expertise and a support network to access Africa’s opportunity while mitigating its complexities.
The new 20% rate is applicable to financial years that were opened on or after January 1, 2020, which means that the 17.5% is still applicable to financial year 2019. Before FL 2020, two distinct regimes were applicable to companies benefitting from Casablanca Finance City (CFC) status:
The efforts deployed by the government during the establishment of the 2023 Finance Act attest to CFC’s important role on its agenda and sends a strong signal of its intention to reinforce the regional leadership of the Casablanca financial center.
Greenfield investment flows out of Casablanca increased from $61m to $5bn between 2010 and 2015, mostly to Sub-Saharan Africa, according to fDi intelligence, a Financial Times sister publication.