Morocco is certainly cheaper than Egypt and Tunisia but
offers a higher standard of living. In addition, Morocco and its inhabitants
enjoy the legal and financial system to protect political stability, business
interests and, above all, a pool of promising talent.
Foreign investors need to know about banking, legal systems
and human resources in advance of business development or investment in
Morocco.
Low labor cost
One of Morocco's main attractions to investing is financial.
Wages are relatively low. Minimum hourly wages in the industrial and commercial
sectors are 12.85 Dirhams/hour ($ 1.52 USD) during 44 hours of work per week,
paying a monthly minimum wage of $ 266. The service sector average wage is
about $ 590 a month.
The company also has to pay higher social security
contributions than Tunisia and Egypt. You will be deducted about 22% of the
social security contribution of $ 590 salary from the 23% tax per month.
The employer must sign up for the National Social Security
Fund (NSSF) within 30 days of hiring the first employee and report the number
of salaries and workdays per employee. Employees benefit from mandatory health
insurance (AMO) and medical assistance plans (RAMED) under certain conditions.
Freedom of the bank fund
Even if foreigners or Morocco are established overseas,
foreign investors enjoy many banking benefits that help businesses in Morocco do business.
Foreign currency investments can be made freely without
prior approval from the Exchange Office. They can take many forms such as
setting up a sole proprietorship, participating in an established company,
joining an existing company's capital increase, establishing a branch or
liaison office, and making simple contributions.
Unlike in Morocco, where foreign investors are severely
constrained by foreign purchases and remittances due to the inability to
convert Dirhams, Morocco provides a conversion system that allows them to carry
out investment transactions and transfer income generated by them. The proceeds
sold to the selected country.
In addition, Morocco-based investors are not subject to
double taxation in terms of income taxes due to agreements concluded between a
number of partner countries such as Morocco, France, Spain, Tunisia, and many
MENA regions.
Highly skilled workforce
Another advantage of Morocco is its citizenship. Moroccans
trained in local engineering and business schools such as EMI, ENSA, EHTP, and
ENCG are well equipped for employment with foreign companies registration in Moroccans are trained in schools
outside of the UK. Unfortunately, the majority of the population is so low in
international rankings that Morocco is the victim of the quality of the public
education system.
According to Moroccan management, 59% of the technical
personnel have a satisfactory level of technical knowledge, and 57% have
excellent organization and independence. In addition, 66% show initiative from
various angles, and 70% show temperament and punctuality.
For example, a quick search for Rekrute.com in industries
such as the advertising, marketing, finance, and electronics industries will
result in 30 results each, including jobs for engineers, project managers,
analysts, and technicians. We know that we have a well-qualified profile that
meets the needs of new entrepreneurs every day.
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