Company Formation in Morocco: SARL, 100% Ownership & the CRI
Setting up in Morocco: 100% foreign ownership in most sectors, no SARL minimum capital, the Office des Changes convertibility, and the CRI one-stop-shop.
Morocco generally allows 100% foreign ownership in most sectors, with free repatriation of profits if the contribution was made in foreign currency through the banking system and registered with the Office des Changes. The SARL (most common form) has no minimum capital — freely set in the bylaws; the SA requires 300,000 MAD (3,000,000 if public). Registration runs through the CRI (Regional Investment Centre) one-stop-shop, with the trade name (certificat négatif) from OMPIC.
FAQ
Can a foreigner own 100% of a company in Morocco?
Yes in most sectors, with restrictions on agricultural land and some strategic activities, and free profit repatriation via the Office des Changes regime.
What is the minimum capital for a SARL in Morocco?
There is no minimum — it is freely set in the bylaws (around 10,000 MAD in practice), with a capital-deposit waiver where capital does not exceed 100,000 MAD. An SA requires 300,000 MAD.
Where do I register a company in Morocco?
Through the CRI (Regional Investment Centre) one-stop-shop, with the trade-name negative certificate from OMPIC, typically within 10–15 business days.