How to Incorporate a Company in Morocco
September 17, 2023 | by inc.ma
Incorporating a company in Morocco can be a rewarding and lucrative venture. With its strategic location between Europe and Africa, stable political environment, and growing economy, Morocco offers attractive opportunities for businesses. This article will guide you through the process of incorporating a company in Morocco.
Step 1: Choose the Type of Company
The first step in incorporating a company in Morocco is to decide on the type of company you want to establish. The most common types of companies in Morocco are the Limited Liability Company (SARL) and the Joint Stock Company (SA).
Step 2: Reserve a Company Name
Once you have decided on the type of company, you need to reserve a unique name for your business. The company name should be in Arabic or French and must not be similar to any existing company names.
Step 3: Prepare the Articles of Association
The next step is to prepare the Articles of Association, which outline the company’s purpose, share capital, management, and other key details. These articles must be drafted in Arabic or French and should be notarized by a Moroccan notary public.
Step 4: Open a Bank Account
After drafting the Articles of Association, you need to open a bank account in Morocco in the name of the company. This account will be used for depositing the share capital and managing the company’s finances.
Step 5: Obtain the Necessary Permits and Licenses
Depending on the nature of your business, you may need to obtain additional permits and licenses from the relevant authorities in Morocco. These could include trade licenses, environmental permits, and health and safety certificates.
Step 6: Register with the Commercial Register
The final step is to register your company with the Commercial Register. This can be done at the local court where the company is located. You will need to submit the Articles of Association, proof of share capital deposit, and other required documents.
Incorporating a company in Morocco is a straightforward process that involves choosing the type of company, reserving a company name, preparing the Articles of Association, opening a bank account, obtaining permits and licenses, and registering with the Commercial Register. By following these steps, you can establish a successful business in Morocco and take advantage of the country’s favorable business environment.