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.