Setting up a Business in Morocco

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
S.A.R.L.(private limited company
 
 
10,000 DH
2 minimum
 
 
Responsability is limited to the amount of contributions.
Company's name registration to the Regional Centre for Investment (CRI): MAD 190; Statutes registration: MAD 20 / page; Registration to the Ministry of Finance: MAD 1,350; Stamp duties: MAD 20.
S.A.(public limited company)
 
 
300,000 DH for closed public limited companies or 3,000,000 DH for open public limited companies.
5 minimum
 
 
Responsability is limited to the amount of contributions.
Company's name registration to the Regional Centre for Investment (CRI): MAD 190; Statutes registration: MAD 20 / page; Registration to the Ministry of Finance: MAD 1,350; Stamp duties: MAD 20.
Partnership
 
 
no minimum capital.
2 minimum
 
 
Responsability is unlimited.
Company's name registration to the Regional Centre for Investment (CRI): MAD 190; Statutes registration: MAD 20 / page; Registration to the Ministry of Finance: MAD 1,350; Stamp duties: MAD 20.
Limited Partnership
 
 
no minimum capital.
2 minimum
 
 
Responsability is unlimited and several for some and limited to the amount of contributions for others.
Company's name registration to the Regional Centre for Investment (CRI): MAD 190; Statutes registration: MAD 20 / page; Registration to the Ministry of Finance: MAD 1,350; Stamp duties: MAD 20.
Partnership limited by shares
 
 
no minimum capital.
3 sleeping partners and one active partner.
 
 
Responsability is unlimited and several for some and limited to the amount of contributions for others.
Company's name registration to the Regional Centre for Investment (CRI): MAD 190; Statutes registration: MAD 20 / page; Registration to the Ministry of Finance: MAD 1,350; Stamp duties: MAD 20.
 
 

Business Setup Procedures

Administrative Formalities
Assistance for business creation generally facilitated by the Regional Investment Centers since 2002, Assistance counters for business creation of each of the CRI centralises all related administration procedures.  A single form is provided to the investor within the CRI. It is equivalent to the application for patent registration, registration statement in the Trade Register, tax Id statement and the application for affiliation to the National Social Security Fund.
The Competent Organization
The Regional Investment Center.
Time Necessary for Registration
12 days according to the World Bank.
 

Recovery Procedures

Principle
The court appoints a receiver and controllers. The receiver contributes to managing the business. He draws up an economic, accounting and company balance sheet and offers a recovery package by considering possible offers. He meets the creditors to make offers to them.
The court then decides either on a plan of continuation, or a plan of transfer, or a compulsory liquidation.
Minimum Debt-to-Capital Ratio Triggering Liquidation
None
Bankruptcy Laws
Book V of the Commercial law of 1996, inspired from the French legislation.
Reorganization and Rehabilitation Laws
Book V of the Commercial law of 1996, inspired from the French legislation.

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