How To Start Business In Morocco? – Guide To Opening A Company + PDF!
They say “what doesn’t kill you, makes you stronger” this rule is 100% applicable in the topic of company creation and administration work!
I’ve been meaning to open a company for quite a while. I was somehow scared and my common sense kept on telling me to postpone the process. Finally, an opportunity popped up and I decided to seize it. Before, I had spent half a year researching about the subject and asking my friends how to start. Everyone told me a different version: it is hard, it is long, it is fast, it is easy, it is better to do by yourself, it is better to hire someone…
I decided not to hire anybody and do the things on my own. It was pretty hard to find any info about it in English so I decided to write this step-by-step guide and make it smooth and painless for you. I know how much nerves it costed me and I wish to help you out so now sit tight, don’t get scared, chill out and read on!
Aha, one thing is sure: forget about doing it entirely by yourself. It is not possible;) unless you’re an accountant with good knowledge of Moroccan law and French language! Sooner or later you’ll need accountant’s help (like I needed).
Some tips before you start the process:
If you don’t speak French- hire somebody to do it for you! You’ll save a lot of time and nerves:D Without proper knowledge of French language the process will be a real, real (!) pain in the ass. You’ll need to fill in all the papers in French, obviously. Sometimes some little knowledge of Darija is necessary too!
You do not need residency permit to open a company. Tourist visa is enough to start the process.
Be patient! Some institutions are messed up, some are organized. I quite like Casablanca’s CRI (regional center for investments) for the way they are organized. I hate other public institutions (where you need to get some stamps and signatures) because there is a terrible mess, people cut in line and nobody keeps them in order. Nightmare.
Have more money than you counted to spend. You’ll be asked to move to many different institutions which means you’ll spend money on taxi. There will be also a lot of printing: several copies of each document (detailed list in Frech attached below).
Always make one copy more than asked. You never know when you’ll need it. Don’t forget to print double-sided documents to save money on stamps and don’t put your address in domiciliation and status if you’re not a resident in Morocco. I made this mistake and had to reprint the status and repeat half of the process…
I’ve spent weeks writing a detailed guide to opening a business in Morocco that consists of. Some of the questions that I’ve answered:
- Where to go to choose the name of your company?
- What place is the best for the office, should you own a space or rent?
- How and where to register the company?
- What documents should you prepare?
- Are there any hidden fees or things you should pay attention to?
- What do you need to open the bank account as a foreigner?
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