Business Administration in Morocco

Overview by Globlatrade.net:

Setting Up a Company

Legal Business Entities

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
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.

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Working Conditions

Legal Weekly Duration
44 hours per week for non-agricultural sector.
48 hours per week for agricultural sector.
Retirement Age
60 years generally and 55 years for miners.
Working Contracts
Employment regulations have been adopted in July 2003 and is in force since June 2004. Employment contract is governed by legal provisions and to a lesser extent by collective agreements and individual negotiations.
The employment contract form is rather rigid. Three types of contracts coexist: the permanent contract, the fixed term contract and the contract to complete a given work.

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Cost of Labor

Minimum Wage
1,841.84 dirhams per month
Average Wage
Average monthly gross earnings in Marocoo is MAD 3,780 (USD 474).
Social contributions
Social Security Contributions Paid By Employers: 18.10 %
Social Security Contributions Paid By Employees: 6.29%

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Social Partners

Social Dialogue and Involvement of Social Partners
Three federations stand out among the 17 existing trade unions: Moroccan Union of Work (UMT), the Democratic Confederation of Work (CDT), and General union of the Workers of Morocco (UGTM).
Their negotiation powers are overall weak because of the rupture and a rather cloudy management, but they are rooted in the company.
Unions
Democratic Confederation of Work
General Union of the workers of Morocco (In French)
Moroccan Labour Union
Unionization Rate
6% (official figures)
Labor Regulation Bodies
Ministry for Employment and Professional Training
Index Mundi
Social Security National Office

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