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The Investment Charter

Presentation

Morocco has taken bold steps to modernize its investment landscape, aligning with the principles of the "New Development Model." To achieve its vision of elevating private investment to two-thirds of total investments by 2035, a new "investment charter" has been introduced, which guides investments towards strategic priorities and provides robust incentives. 
 

The charter is structured around three key pillars: the creation of investment support mechanisms, enhancement of the business environment, and promotion of unified and decentralized governance. The intent of this new charter is to navigate the changing national and international landscape, while keeping Morocco at the forefront of investment opportunities.

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Objectives

9 major goals

  • Encouragement of local production

  • Encouragement of exports and development of Moroccan companies abroad

  • Attraction of foreign direct investments

  • Improvement of the business climate

  • Targeting of priority sectors

  • Reduction of territorial disparities

  • Stable jobs creation

  • Increase in private investments

  • Sustainable development

Support mechanisms

4 support mechanisms towards private investments

Main support mechanism

 

Eligibility Criteria

The total grant can reach up to 30% of the eligible investment amount and is subject to two criteria:

→ Either exclusively based on the number of jobs created, which must be greater than 150 jobs, without any requirement for a threshold for the investment amount.

→ Or jointly on the basis of the amount of the investment (≥ 50 million MAD) and the number of stable jobs to be created (at least 50).

 

Premiums

→ 5 common premiums : Employment/CAPEX ratio (from 5% to 10% of eligible investment), Gender approach (3%), Future jobs and upgrading (3%), Sustainable development (3%) and Local integration (3%) 

→ Territorial premium :  a bonus of 10% for investments made in Category A provinces or prefectures, and 15% for those made in Category B. 

→ Sectoral premium : a 5% bonus on eligible investment made in priority sectors (tourism, industry, digital, transport, outsourcing, logistics, cultural industry, aquaculture, renewable energies and waste recovery)

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3 Specific schemes

→ « Strategic Investment Projects » SchemeTo qualify for this scheme, the investment must be at least 2 billion MAD and meet one of the following criteria:
 

  • Have a significant impact on the country's water, energy, food, or health security

  • Generate a substantial number of jobs

  • Enhance Morocco's economic influence and global positioning

  • Significantly contribute to the development of industrial ecosystems

  • Significantly contribute to the advancement of technology

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→ « International Expansion Of Moroccan Firms» Scheme

→ « Very Small/Small & Medium-Sized Entreprises» Support Scheme

Eligibility Criteria

The granting of the premiums is subject to several eligibility criteria:

 

Criteria Related to the Company Criteria Related to the Project

-Legal entities with a turnover between 1 and 200 million MAD (excl. taxes) over the last 3 years (newly established SMEs are exempt)

-The company’s capital must not be directly or indirectly owned over 25% by any company with an annual turnover exceeding 200 million MAD (excl. taxes)


-The company must have no public legal entities or state-owned enterprises among its partners or shareholders
 

-Total investment amount between 1 and 50 million MAD

-Stable employment ratio of at least 1.5 (and at least 1 for the tourism sector)

-The investment project must be carried out in one of the sectors designated for each region by the Head of Government’s decision

-At least 10% of the total investment must be financed through equity
 

 

Premiums

A total premium of up to 30% of the eligible investment amount, provided as three distinct premiums:
1.    A premium for the creation of stable jobs (based on the stable employment ratio):
      2 ≤ ratio ≤ 5 ⇒  5 %
     5 < ratio ≤ 10 ⇒  7 %
    ratio > 10 ⇒  10 %

2.    A territorial premium : 10% for investments made in Category A provinces or prefectures, and 15% for those made in Category B

3.    A premium related to priority activities by region : 10% of the eligible investment

 

How to benefit from it : 

For the submission of your investment convention requests, please consult : www.cri-invest.ma

 

For more details, please refer to :