After making a choice whether to stay in a modern apartment in downtown, villa with sea view or traditional house in the medina, there are some administrative procedures to perform required for the tranquility of your stay.
Importing Your Personal Belongings:
As a foreigner coming to settle in Morocco, you are entitled to full exemption of duties and taxes on imports for personal household effects.
As a foreigner coming to live in Morocco, you have the right to import freely and without limit the amount of foreign currency that you desire. It can be in the form of bank notes, travellers’ cheques, bank or postal cheques, credit letters, credit or debit cards, as well as any other means of payment denominated in foreign currency.
It is important to remember that the Moroccan exchange system dictates that when importing bank notes or negotiable instruments with a counter-value of 100,000 MAD or greater it is necessary to make a currency declaration at the entry customs offices.
The formula for making the currency declaration will be provided on request by the border customs services. (cf. http://www.douane.gov.ma)
The money received from abroad should pass through an account in convertible dirham which ensures convertibility regime for foreign investors. This account allows investment operations in Morocco and guarantees the transfer of proceeds of the investment as well as the repatriation of the proceeds and the gain of a possible resale.
It is recommended to open the account in convertible dirham upon arrival in Morocco in order to rapidly have the sums needed for notarial transactions. It is possible to feed a Moroccan account from abroad by SWIFT.
See also the website of the Foreign Exchange Office: