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Morocco
Morocco Geography, Culture, and Economy
Morocco is a North African country, featuring rugged mountains, coastlines, the Sahara desert, and a history of independence uncommon in the region. It is a constitutional monarchy with an elected parliament. The predominant religion is Islam with Arabic and Berber as its official languages, although French is also widely used reflecting its history as a French protectorate.
The country’s climate is Mediterranean with lush forests to its north combined with the more arid inland deserts to its south. It has a diverse and relatively large regional economy, relying primarily on tourism, agriculture, telecoms, IT, and textiles. The country has emphasized investment in transportation, ports, and industrial infrastructure with the focus of positioning itself as a center for business across Africa. With a population estimated at 33 million, Morocco’s major cities include Rabat (its capital), Casablanca, Fez, and Marrakesh.
| 2021 | |
| May 1 | Labour Day/May Day |
| May 13 | Eid al-Fitr |
| May 14 | Eid al-Fitr holiday |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha holiday |
| July 30 | Feast of the Throne |
| August 10 | Hijra New Year |
| August 14 | Anniversary of the Recovery Oued Ed-Dahab |
| August 20 | Anniversary of the Revolution of the King and the People |
| August 21 | Youth Day |
| October 19 | The Prophet Muhammad’s Birthday |
| November 6 | Anniversary of the Green March |
| November 18 | Independence Day |
- S.A (Société Anonyme)
- S.A.S (Société Anonyme Simplifiée)
- S.A.R.L (Société à Responsabilité Limitée)
- G.I.E (Groupement d’Intérêt Economique)
- S.N.C (Société en Nom Collectif)
- S.C.S (Société en Commandite Simple)
- S.C.A (Société en Commandite par Actions)
- Corporate Tax: 10% (lowest rate), 31% (highest rate)
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 38%
- VAT/GST/Sales Tax: 20% (standard rate), 14%, 10%, 7% (reduced rates)
- Banque Populaire du Maroc (Commercial Bank)
- BMCE Bank (Commercial Bank)
- Société Générale Maroc (Commercial Bank)
- BMCI (Commercial Bank)
- Crédit Agricole du Maroc (Commercial Bank)
- Crédit du Maroc (Commercial Bank)
- CIH Bank (Commercial Bank)
Aadmi can support you with your expansion to Morocco. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
