Morocco flag Morocco: Investing in Morocco

Investment framework and opportunities in Morocco

Procedures Relative to Foreign Investment

Freedom of Establishment
Foreigners can generally invest in the country enjoying the same conditions as locals (a few exemptions apply for specific sectors).
Acquisition of Holdings
Foreign investments in air and maritime transport companies and maritime fisheries are capped at 49%. Foreigners cannot own agricultural land, though they can lease it for up to 99 years. In the oil and gas sector, the National Agency for Hydrocarbons and Mines (ONHYM) retains a compulsory share of 25% of any exploration license or development permit. The Moroccan government also has a discretionary right to limit all foreign majority stakes in the capital of large national banks.
Obligation to Declare
Investment system in Morocco is very open as investors do not have to obtain prior approval: they simply have to send the Foreign Exchange Office a report in the six months following the completion of the operation. 
Competent Organisation For the Declaration
Foreign exchange office
Requests For Specific Authorisations
The financial sector has specific regulations, as well as that of hydrocarbons and air and maritime transport.

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Investment Opportunities

Investment Aid Agency
Moroccan Investments and Exports Development Agency (AMDIE)
Tenders, Projects and Public Procurement
Tenders Info, Tenders in Morocco
Global Tenders, Tenders in Morocco
MCA Morocco
Other Useful Resources
List of Regional Investment Centres
Invest in Africa (IIA)
Attractiveness of investment in Africa (EY)

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Latest Update: November 2023