Business Climate

Mon guide

Hassan II Fund

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Referential framework

Framework agreement related to the support to industrial investment, signed on the 15th, March 2016, between the Hassan II Fund for Economic and Social Development (FHII), the Industry Directorate of the Ministry of Industry, Trade, Investment, and Digital Economy, and the Ministry of Economy and Finance.

 

Requirement

Signature of an investment contract with the FHII

 

Eligibility Criteria

New investment projects (creation or extension) can benefit from a contribution from the FHII if they comply with all of the following requirements:

  • The total amount of the investment must exceed 10 million Dirhams before tax,
  • The investment in capital goods must be higher than 5 million Dirhams before tax (excluding import duties and taxes)
  • The investing company must operate in the following sectors:

 

a) Automotive, aerospace, electronics industries:

  •  Manufacturing of car equipment
  • Manufacturing of aircraft equipment
  • Manufacturing of tools and moulds for cars and aircrafts
  • Airplane maintenance and airplane dismantling
  • Manufacturing of assemblies and subassemblies electronic components

 

b) Chemical, parachemical industries:

  • Manufacturing of cosmetic products and natural extracts
  • Recycling of metallic and plastic waste
  • Processing of phosphorus (phosphates)

 

 

c) Pharmaceutical industry:

  •  Research on new innovative drugs with a therapeutic potential against serious conditions
  •  Manufacturing of innovative drugs, generics or biosimilar, with a high added value in terms of economy and therapeutic results

 

d) Manufacturing activities linked with nanotechnologies, microelectronics and biotechnologies

 

Advantages

Financial contribution, for building and equipment, capped at 15 % of the total investment and capped at 30 million Dirhams, as follows:

Professional buildings

            a) In case of acquisition of the land and construction of the buildings:

            10% of the cost of land acquisition and buildings construction

            b) In case of buildings acquisition:

            10% of the cost of acquisition of the building

            c) In case of rental* of the land and construction of the buildings:

100% of the land rental cost, based on the 6 first years and a maximum monthly rent of 7.50 Dirhams per square meter before tax, within the limit of a single maximum contribution of 540 Dirhams per covered square meter m2 for constructed buildings, or 10% of the construction cost.

            d) In case of rental* of the buildings:

100% of the buildings rental cost, based on the first 2 years and a maximum monthly rent of 30 Dirhams per square meter before tax.

(*)  : The rental contribution is reserved for projects located in specific industrial areas, of which the list is set down by decision of the Ministry in charge of Industry. The rental contribution is subject to the signature of a rental contract of at least 6 years duration.

Brand new capital goods

Contribution capped at 20% of the purchasing cost of brand new capital goods (excluding import duties and taxes)

Note: eligible investment projects in the field of equipment manufacturing for the car industry can benefit from a contribution capped at 20% of the cost of used capital goods specifically used for stamping, plastic injection, tools and moulds manufacturing.

 

 Source:

Hassan II Fund for Economic and Social Development