What is the process of setting up a company in Morocco?
The process of setting up a company is as follows:
- Obtain a negative certificate issued by the Moroccan Office of Industrial and Commercial Property to retain the corporate name.
- Conclude a lease or purchase contract, or domiciliation agreement (virtual office).
- Draft the articles of association or minutes and all required ancillary documents.
- Complete the registration before tax administration with the General Department of Taxes, under the Ministry of Economy and Finance, which is a formality to which deeds and agreements are subject and which has the effect of giving a certain date to agreements under private signature.
- Obtain a certificate of registration in the professional tax roll and the tax ID from the General Department of Taxes, under the Ministry of Economy and Finance.
- Obtain the necessary authorisation or licence before the relevant authorities if the company will operate in a regulated sector (e.g. banking, insurance, etc.).
- Register the company in the relevant trade register held by the commercial court.
- Register the company with the National Social Security Fund, which will provide a registration number.
- Publish the incorporation of the company in the Official Gazette and the Legal Announcements Newspaper.