Attractive incentives for your projects
In addition to the tax exemptions granted under the common law, Moroccan law provides specific financial, tax and customs advantages to investors, as part of agreements or investment contracts to be concluded with the State, provided that they meet the required criteria. (Download the Factsheet )
These four advantages can be benefited from in a single investment project. And for more information on each of these advantages:
The Investment and Industrial Development Fund (IIDF) manages operations relating to the state’s taking charge of the cost of some advantage granted to the investments that meet the criteria, within the framework of contracts, and in accordance with the investment charter and its implementation decree:
These advantages are cumulative, provided that the state'sparticipation does not exceed 5% of the total investment program. However, if the investment project is expected in a suburban or rural area or in the case of investment in spinning, weaving and textiles finishing, the participation of State may reach 10% of the total investment program.
The investment project must meet at least one of the following criteria:
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.
Signature of an investment contract with the FHII
New investment projects (creation or extension) can benefit from a contribution from the FHII if they comply with all of the following requirements:
a) Automotive, aerospace, electronics industries:
b) Chemical, parachemical industries:
c) Pharmaceutical industry:
d) Manufacturing activities linked with nanotechnologies, microelectronics and biotechnologies
Financial contribution, for building and equipment, capped at 15 % of the total investment and capped at 30 million Dirhams, as follows:
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.
Hassan II Fund for Economic and Social Development
Businesses that commit to making an investment of an amount equal to or greater than one hundred (100) million dirhams can benefit, as part of agreements to be concluded with the government, from exemption from import duty and the value added tax applicable to goods, materials and tools needed for their project and imported directly by the companies or on their behalf.
This exemption is also granted to the parts, spare parts and accessories imported at the same time as capital goods, machinery and equipment for which they are intended. The investment must be made within thirty-six (36) months from the date of the signature of the abovementioned agreement.
Equipment goods, materials and tools needed to achieve investment projects involving an amount higher than or equal to MAD 200 million are exempt from VAT on imports within the framework of an agreement concluded with the State, in favor for the beneficiaries during a period of thirty six (36) months from the start of business. This exemption is also granted to parts, spare parts and accessories imported at the same time as the aforesaid equipment.