Registered Office Relocation

Before covering registered offices relocation in Morocco, we should define the term “registered office” (also “headquarters”) under the provisions of the Moroccan Law. In Morocco, the registered office (headquarters) is the fiscal and administrative address of the company. This address is recorded in the trade register. Headquarters must be indicated in the following documents: The […]

Tax residence in Moroccan Law

First, note that tax residence (fiscal address) is a very important notion. Indeed, it allows to determine where and what income is taxable. Indeed, a person pays taxes on their income in their place of residence. Obviously, some exceptions may be provided for in tax treaties (e.g. real estate income). It is a common belief […]

CIT Territoriality

What are the CIT territoriality guidelines ? The territoriality of CIT refers to the rules that apply to determine whether a company is subject to Corporate Income Tax based on its geographical location. In a previous article, we explained the inner workings of VAT territoriality in Morocco. In a similar manner, we will clarify in […]

Converting an LLC to a PLC

In Morocco, converting an LLC to a PLC is an operation that can only be decided by the company’s partners. Indeed, the partners of a Limited Liability Company can decide to transform it into another form, in particular into a Public Limited Company. In practice, the conversion consists of an amendment to the articles of […]

Invest in Morocco – Tax and legal framework

Why you should invest in Morocco : Morocco is an increasingly attractive country for foreign investment. For decades, the government has given importance to foreign investment. Foreign investments are considered as a factor to support the growth of the country. The country’s legal and fiscal framework have known several reforms and amendments. The purpose is […]

Turnover: Tax regulations in Morocco

The turnover, as defined in article 9 of the General Tax Code, corresponds to the revenues and receivables that the company has definitively obtained as a result of: Firstly, delivery of goods Secondly, provision of services Finally, the execution of real estate works. This amount is a taxable income subject  to Corporate Income Tax.   […]

Company Domiciliation in Morocco

Company domiciliation in Morocco First of all, let’s define company domiciliation. Domiciliation is the provision of a legal address to a company without the company itself being located there. This address will only be used for correspondence with administrations and third parties. First: Legal purpose When a company is set up, it must be given […]

VAT Territoriality : what you should know

What are the VAT territoriality guidelines? The territoriality of VAT refers to the rules that apply to determine whether a transaction is taxable for VAT within the jurisdiction or country where the transaction is performed. In Morocco, VAT territoriality rules are explained in the Article 88 of the General Tax Code. As such, the value […]

VAT credit refund in Morocco

Did you know? It is possible to obtain a VAT credit refund in Morocco. It is necessary, however, to apply for it and to respect certain rules of substance and form. Upsilon Consulting gives the key elements of the process. Read our guide on investing in Morocco. VAT credit refund – Basis As a general […]

Capital increase – LLC

Capital Increase : What is it ? A company’s share capital is the contributions made by its partners (in an LLC) or its shareholders (in a PLC). In other words, it is the money that a company raises by issuing shares (or stocks in the case of an LLC). The amount of share capital can […]