[PDF] BUSINESS GUIDE TO MOROCCO 2020 EDITION

View - Download BUSINESS GUIDE TO MOROCCO 2020 EDITION

Previous PDF

Next PDF

1

BUSINESS

GUIDE

TO MOROCCO

2020 EDITION

23

CONTENTS

ABOUT MOROCCO........................................................................ .................................................. 8

DOING BUSINESS IN MOROCCO

LEGAL FORMS OF COMPANIES................................................................... ..............................12 STEPS TO STARTING A BUSINESS....................................................................... ....................20 FUNDING AND SUPPORT PROGRAMS................................................................ ...................26 COSTS OF FACTORS OF PRODUCTION.............................................................. ...................55

EMPLOYMENT

ABOUT LABOR CODE..................................................................... SOCIAL FORMALITIES.............................................................. ENTRY, MOVING IN AND RECRUITMENT OF FOREIGNERS...........................................73

TAX REGIME

CORPORATE TAX....................................................................... INCOME TAX ...................................................................... VALUE-ADDED TAX....................................................................... REGISTRATION FEES............................................................... STAMP DUTY........................................................................ PROFESSIONAL TAX....................................................................... HOUSING TAX....................................................................... MUNICIPAL SERVICES TAX....................................................................... .................................123 45

CUSTOMS REGIME

CUSTOMS ECONOMIC REGIMES.......................................................... ....................................128 CUSTOMS WAREHOUSES............................................................... IMPORT CUSTOMS CLEARANCE PROCEDURES................................................ ..............145 EXPORT CUSTOMS CLEARANCE PROCEDURES.............................................................150

EXCHANGE RATE REGIME

NATURE OF ACCOUNTS....................................................................... CAPITAL TRANSACTIONS OF FOREIGNERS AND NON-RESIDENTS......................159 RESIDENTS CAPITAL TRANSACTIONS.................................................................. ...............162 CURRENT TRANSACTIONS..................................................................

MOVING IN MOROCCO

ACQUISITION OF REAL ESTATE...................................................................... .........................174 IMPORTATION OF PERSONAL EFFECTS AND OBJECTS..............................................177 IMPORTATION AND CUSTOMS CLEARANCE OF VEHICLES........................................179 FOREIGN SCHOOLS IN MOROCCO........................................................................ ..................181

MAIN CUSTOMS AND FISCAL PROVISIONS

AMENDING FINANCE ACT N ° 35-20 FOR THE 2020 FINANCIAL YEAR NB: ALTHOUGH ALL NECESSARY EFFORTS HAVE BEEN MADE TO ENSURE THE ACCURACY AND RELIABILITY OF THE CONTENT, AMDIE CANNOT BE HELD LIABLE FOR ANY ERRORS, OMISSIONS, OR FOR THE RESULTS THAT MAY BE OBTAINED BY USING THE INFORMATION CONTAINED IN THIS BUSINESS GUIDE. 67
ABOUT

MOROCCO

89

GENERAL INFORMATIONS

POPULATION

CapitalRabat

Main citiesCasablanca, Fès, Marrakech, Oujda, Agadir,

Tangier, Dakhla, Laâyoune

Institutional systemDemocratic, parliamentary and social constitutional monarchy

Administrative division12 regions

710 850 km

2

North Africa

Mediterranean

Area

Position

Climate

Time zoneGMT+1

O?cial languagesArabic, Tamazight

French, English, SpanishCommonly used

languages

Population35.9 million inhabitants

Density50.5 inhabitants/km

2

Active population12 million inhabitants

ABOUT

MOROCCO

MACRO-ECONOMY

CURRENCY

TRADE

FOREIGN DIRECT INVESTMENTS (FDI)

SOURCES

GDP (2018)

Currency

Export volume

Flow of FDI (2019)

High Commission for Planning (www.hcp.ma)

Ministry of Economy and Finance (www.finances.gov.ma) O?ces des Changes ( Currency exchange o?ce) (www.oc.gov.ma)

1107 billion MAD (118 billion USD)

Moroccan Dirham (MAD)

282 billion MAD - 28 billion USD (2019)

18 billion MAD - 1,8 billion USD

GDP/per capita (2018)

1 US Dollar

Import volume491 billion MAD - 49 billion USD (2019)

31 426MAD/per capita - 3 347 USD/per capita

9,9350 (2019)

Breakdown of GDP (2018)

In?ation rate

Growth

1,10 % ( 2018 )

3 % ( 2018 )

Primary sector 14 %

Secondary sector 29 %

Tertiary sector 57 % 1011

DOING BUSINESS

IN MOROCCO

1213

COMPANIES

Public limited company (PLC), (Société anonyme) Limited liability company (LLC), (Société à responsabilité limitée) Partnership limited by shares ( Société en commandite par actions)

PARTNERSHIPS

General partnership, ( Société en nom collectif) Limited partnership, ( Société en commandite simple ) Joint venture partnership (Undeclared partnership) ( Société en participation)

COMPANIES WITH SPECIAL REGULATIONS

Investment company ( Société d'investissement) Purchasing Cooperative company (Société coopérative d'achat) Consumer cooperative company ( Société coopérative de consommation) Mutual insurance company (Société mutualiste)

DEFINTION

The public limited company is a commercial company whose members, called shareholders because of a right represented by a negotiable instrument or share, only bear losses up to the amount of their contributions.. These companies are characterized by the predominant aspect of the personal factor "intuitu personae».

THE DIFFERENT TYPES OF COMPANIES IN MOROCCO

LEGAL FORMS OF COMPANIES

PUBLIC LIMITED COMPANY (PLC)

DOING BUSINESS

IN MOROCCO

CHARACTERISTICS

• The number of shareholders cannot be less than 5; • Its duration cannot exceed 99 years, extendable one or more times; • The minimum capital is 3 million MAD for PLC making public o?erings and 300,000

MAD otherwise;

• The capital must be fully subscribed; failing this, the company cannot be incorporated; • The nominal amount of the share cannot be less than 50 MAD. However, for companies whose securities are listed on the stock exchange, the minimum is set at

10 MAD;

• Shares in cash must be paid up upon subscription at least 1/4 of their nominal value • Shares in kind are fully paid up when issued; • The shares are only negotiable after the registration of the company in the trade register or the completion of the capital increase; • The company enjoys legal personality as from its registration in the Trade Register; • Its articles of association must be established in writing; • All its documents and certificates must indicate the company name, immediately and legibly preceded or followed by the words "public limited company» or the initials "PLC», the statement of the amount of the share capital and the registered o?ce, as well as the registration number in the trade register; • One or more statutory auditors are responsible for controlling and monitoring the company's financial statements; • 2 types of public limited companies depending on the administration and management:

1. The company with a board of directors :

• The board is made up of at least 3 members and at most 12; • The directors are appointed by the ordinary general meeting; • The board of directors can only validly deliberate if half of the members are actually present; • The board of directors elects a chairperson (natural person) from among its members and can dismiss them at any time; • General management is assumed either by the chairperson of the board of directors with the title of chair and chief executive o?cer or by another natural person appointed by the board of directors and bearing the title of chief executive o?cer;

2. The company with a management board and a supervisory board:

• The corporate name is preceded or followed by the words "public limited company with a management board and a supervisory board"; • The management board is made up of at most 5 members (natural persons) appointed by the supervisory board, which confers on one of them the capacity of chairperson; 1415
• The supervisory board is made up of at least 3 members and at most 12 members appointed by the articles of association and during the life of the company, by the ordinary general meeting. None of them can be part of the management board; • The supervisory board elects, from among its members, a chairperson, where applicable, a vice-chairperson (natural persons); • The supervisory board can only validly deliberate if half of the members are present NEW 2019// Dahir No. 1-19-78 of April 26, 2019 promulgating law No. 20-19 amending and supplementing law No. 17-95 relating to public limited companies.

MAIN PROVISIONS

Creation of a new name for directors who are neither chairperson, nor chief executive o?cer, nor deputy chief executive o?cer, nor company employees exercising management functions, in this case, independent and non-executive directors; Submission for authorization of the extraordinary general meeting, disposals of more than 50% of the company's assets for a period of 12 months; Expansion of the responsibility of the directors, and of the CEO where applicable, as well as that of the members of the supervisory board, to cover faults committed by them in the management or acts committed that do not fall within the scope of the interest of the company, during the exercise of the delegations given to them, with the possibility of the court to order them to return to the company the profits generated by said acts, and to prohibit them from the management, administration, representation or control of any company for 12 months; Obligation for companies making public o?erings to appoint, in their board of directors, one or more independent directors, and setting of the conditions required for this appointment and those of their remuneration; Granting of a period of one year (from the date of publication of the law) to companies making public o?erings to comply with the provisions of this law concerning independent directors. SIMPLIFIED PUBLIC LIMITED COMPANY ( SOCIETE ANONYME SIMPLIFEE) (SAS) The simplified public limited company is a company formed between two or more companies in order to create or manage a joint subsidiary, or to create a company which will become their common parent.

CHARACTERISTICS

The capital of each member must be at least equal to 2 million MAD or thequotesdbs_dbs28.pdfusesText_34

[PDF] transformation personne physique en sarl maroc 2016

[PDF] statut juridique avantage inconvénient

[PDF] le role de l'apix

[PDF] les formes juridiques qui sont en vigueur au senegal

[PDF] lister les roles de l'apix

[PDF] les roles de l'apix et de la chambre de commerce

[PDF] tableau comparatif statut juridique entreprise

[PDF] jean baudrillard le système des objets pdf

[PDF] la société de consommation définition

[PDF] ogm avantages et inconvénients(résumé)

[PDF] ogm avantages et inconvénients pour l'homme

[PDF] ogm avantages et inconvénients santé

[PDF] expose sur les ogm

[PDF] conclusion sur les ogm

[PDF] avantages des ogm pour l'agriculture