Morocco Investment Charter Incentives
Program Overview
Morocco's Investment Charter (Framework Law 03-22) provides comprehensive incentives for significant investments in priority sectors and regions. The program offers direct investment subsidies up to 30% of total investment amount, combined with tax breaks, VAT and customs duty exemptions, simplified administrative processes, and strong legal protections. Available through December 31, 2026, the Charter targets high-potential sectors while supporting regional economic balance and job creation.
Investment Subsidies
Direct investment subsidies reach up to 30% of total investment amount, with exact percentages determined by project characteristics, geographical location, and sector activity. Subsidies increase for investments in priority regions and strategic sectors. For companies incorporated from January 1, 2023, investing at least MAD 1.5 million over five years under government agreement, corporate tax is capped at 20% through 2026. New companies may receive business tax exemption for the first five years of operation.
VAT and Customs Exemptions
Investors whose projects exceed MAD 50 million may obtain full VAT exemption (local and import) and customs duty exemptions for implementation of investment programs, subject to signing an investment agreement with the Moroccan Government. These exemptions apply to equipment, machinery, and materials necessary for project establishment, significantly reducing upfront capital requirements. Tourist establishments and certain industrial projects can enjoy extended corporate tax exemptions if specific conditions are met.
Eligibility Requirements
Both Moroccan and foreign investors qualify for Charter benefits. Projects must meet minimum investment thresholds (typically MAD 50 million for full exemptions, MAD 1.5 million for tax cap programs). Eligible sectors include manufacturing, renewable energy, tourism, technology, agriculture, and other strategic industries. Investors must sign investment agreements with Morocco's government committing to investment amounts, timelines, job creation, and operational requirements. Regional development projects receive priority consideration.
Application Process
Contact Morocco's Investment and Export Development Agency (AMDIE) at morocconow.com for initial consultations. Submit detailed investment proposals including project scope, financing plans, economic impact assessments, and timeline commitments. AMDIE coordinates with relevant ministries to evaluate proposals and negotiate investment agreements. Approved investors receive formal agreements specifying incentive packages, obligations, and implementation schedules. AMDIE provides ongoing support throughout project establishment and operation phases.
Common Questions
The Morocco Investment Charter Incentives provides financial and technical support to businesses in Morocco through a combination of funding instruments, advisory services, and capacity building programs. Eligible companies can access support for technology adoption, business development, workforce training, and market expansion activities. The program aims to strengthen business competitiveness and promote economic growth by reducing barriers to investment and innovation. Companies should review the specific program guidelines to understand eligible activities, funding amounts, and co-financing requirements, as these details vary by program cycle and the applicant's business profile and sector.
Companies apply through the designated administering agency by submitting a detailed application including business registration documents, a project proposal or business plan, financial statements, and information about the management team's qualifications and experience. The evaluation process assesses the viability of the proposed project, the applicant's capacity to implement it successfully, and alignment with the program's strategic objectives. Processing times vary depending on the program and application volume. Companies should apply well in advance of their planned activities and ensure all documentation is complete and accurate to avoid delays in the review process.
The charter establishes enhanced packages for investments in less developed southern, eastern, and interior provinces. Regional premiums include elevated state contributions toward land acquisition, infrastructure subsidies, extended tax exemption durations, and additional employment bonuses. Designated industrial zones offer turnkey factory shells and shared utilities reducing establishment barriers for pioneering investors.
The charter consolidates administration under regional investment centers, eliminating navigation across multiple departments. A single window processes declarations, environmental approvals, construction permits, and incentive agreements through digitized workflows. The National Investment Commission handles strategic projects through expedited executive review, reducing authorization timelines from months to weeks.
References
- Morocco Investment Charter 2022. UNCTAD (2022). View source
- Morocco Offers Up to 30% Tax Incentives. Morocco World News (2025). View source
- 2025 Investment Climate Statements: Morocco. U.S. Department of State (2025). View source
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