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A wealth of opportunity in Morocco

reasons to invest

in Morocco

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Morocco has a new one-stop-shop for in vestors and exporters:

-The Moroccan Investment and Export Development Agency (AMDIE), which is responsible for promoting national and foreign investment, as well as the export of goods and services, and is committed to supporting all economic actors throughout their projects’ life cycle. AMDIE will make it even easier for investors to take advantage of the many benefits the country offers and the numerous opportunities that continue to open up in sectors such as the automotive industry, aerospace, agriculture and fisheries, tourism, renewable energy, logistics, information and communication technologies, textiles and leather, retail and added-value services. Not least of its attractions are its proximity to Europe, the Middle East and Africa, and free trade access to one billion consumers through agreements with, for example, the European Union, the US and Africa.

Cementing its status as an excellent base for exports is a transport infrastructure that is rated the best in Africa by the World Economic Forum, which includes worldclass roads, airports and Tanger Med Port, the largest transshipment hub in the Mediterranean and Africa. The country’s economy is growing, driven by local demand and public investment, and costs of doing business are small. For example, inflation is only rising by about 1.5% a year, it has a low-cost, highly skilled workforce and boasts the 12th most competitive export rate in the world, according to the World Bank. Arriving businesses also find low tax rates and additional incentives, such as 0% tax for the first five years of operation, big reductions on VAT and customs duties, and a business climate that is continuously improving as the government aims to make investment even easier. As part of this, in 2017 it merged various investment and export agencies into AMDIE, but other measures are also being taken to improve investment laws, simplify administrative procedures and make doing business even more straightforward. For example, in 2018, it was announced that the country’s regional investment centres would be united into one body. As these measures take effect, it is a foregone conclusion that the number of foreign investors arriving in Morocco will continue to grow