Business accounts: Morocco

Updated 6 October 2026

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

A Moroccan company and its taxes

Tax	Rate 2026
Corporate tax	20% for profit below MAD 100 million; 35% from 100 million, 40% for banks and insurers
Minimum turnover tax	0.25%, at least MAD 3,000 a year, ~$310; except the first 36 months
Dividends	11.25%, 10% from 2027
VAT	20%, reduced 10%

A non-resident account: convertible dirhams

A non-resident opens a convertible dirham account in Morocco. It is funded only with money transferred from abroad, and the balance can be freely sent back. All currency operations are supervised by Morocco's Exchange Office, and investments from abroad made through such an account can be repatriated with the income under the repatriation guarantee.

What the bank checks

Articles, a commercial register extract, the company tax number.
Documents on bringing capital from abroad: needed to repatriate profit later.
Ultimate owners, contracts and source of funds.

What we do

We register the company and arrange capital import via a bank.
We prepare the bank pack.
We calculate taxes and the minimum turnover tax.

Dollar amounts use the Bank Al-Maghrib 2026 rate of about MAD 9.7 per $1. More on our Morocco taxes page.

Staff and small business

What	Rule
Payroll contributions	6.74% paid by the employee and 21.09% by the employer; part is calculated on no more than MAD 6,000 a month
Small business	turnover up to MAD 500,000, ~$51,600, is exempt from VAT
Self-employed regime	0.5% or 1% of turnover: up to MAD 500,000 in trade and 200,000 in services

Why banks refuse

Capital arrived without documents of a transfer from abroad.
No activity or address in Morocco.
Owners or counterparties linked to sanctioned countries.

How to open a company account: the steps

Registering the company and getting a tax number.
An account for paying in capital: money arrives by transfer from abroad.
A document pack on owners and activity.
A meeting with the bank and opening the operating account.

What we do

Corporate account - opening assistance

FAQ

What is the corporate tax in Morocco?

20% for profit below MAD 100 million, 35% above; banks and insurers pay 40%.

Can profit be repatriated from Morocco?

Yes, if capital came from abroad and was processed through a bank: the Exchange Office guarantees repatriation of investment and income.

What is Morocco's minimum tax?

0.25% of turnover, at least MAD 3,000 a year, even at a loss; it is not paid in the first 36 months.

What is the dividend tax in Morocco?

11.25% in 2026 and 10% from 2027; withheld by the company on payment.

What contributions does a Moroccan employer pay?

21.09% on top of salary; the employee pays another 6.74%.

Is small business exempt from VAT in Morocco?

Yes, with turnover up to MAD 500,000 a year.

How long does a company account take in Morocco?

Usually several weeks: the bank checks formation documents, owners and the capital import.

Why transfer capital to Morocco from abroad?

Only then does the investment get the repatriation guarantee: profit and capital can later be sent abroad.

Is there a minimum tax for a new Moroccan company?

The 0.25% minimum turnover tax is not paid in the first 36 months.

What is VAT in Morocco?

20%, reduced rate 10%; small businesses with turnover up to MAD 500,000 are exempt.

Who controls currency operations in Morocco?

Morocco's Exchange Office, which also guarantees repatriation of investments from abroad.

Does a Moroccan company need an office?

It needs a registered address in Morocco; the bank looks at activity in the country, contracts and source of capital.

What corporate tax do banks pay in Morocco?

40%; ordinary companies pay 20%, or 35% with profit from MAD 100 million.

Can a foreigner own 100% of a Moroccan company?

Yes, in most activities; capital from abroad is processed through a bank so profit can be repatriated later.

Need a company account in Morocco?

We assess which bank will take the company, prepare the compliance file and support the account opening. The catalogue covers business accounts in every country.

Business accounts: all countries

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