Finance

National Scale

Morocco is nowadays taking the lead of most efficient financial systems of the southern Mediterranean shore. Thanks to a strong integration in Africa geared by Casablanca Finance City, first financial centre of the continent, the Moroccan financial sector represents a pedestal of growth and development closely liaised with other sectors beyond the Kingdom’s borders.

CFC: 1^st financial center in Africa and 3^rd in the MENA region
3 Moroccan Banks featured in Africa’s top 10
2^nd insurance market in Africa

Sectorial Strategy

Thanks to public authorities commitment since the 90s, the Moroccan financial sector has known a considerable change concretized by several reforms. The latest ones let to the creation of an effective governance framework, strengthening mechanisms of savings, conforming Moroccan legislation with international standards and multiplying product and service offers.

Key Figures

+90
credit institutions
+34 million
bank accounts
25
insurance and reinsurance establishments
77
publicly listed companies
+626 billion
MAD of Market Capitalization (2023)
+200
companies enjoying CFC status

Assets

Casablanca-Settat Region offers a wide spectrum of assets by hosting most banking, stock exchange, and insurance activities

Casablanca Finance Centre (CFC): 1^st continental financial platform hosting over 200 enterprises

Casablanca Stock Exchange, one of the most efficient of the Arab World

Highly dense banking system totalizing more than 40% of national bank stocks and 60% of outstanding loans

Third of the whole insurance-accredited brokers

Regional Value Offer

CFC status with a package of attractive incentives: doing business facilitation, access to a community of active members and to relevant information and data about Africa
Business easiness by means of an administrative one-stop-shop and alternative methods for dispute settlement
Broad activity panel including world-class actors
Modern infrastructure combining technical and environmental performance
Attractive offer for SMEs, inciting them to apply for listing (Good Governance Label, tax exemption, etc.)
Customized close support by regional actors

Investment Opportunities

Banks
Insurance companies
Asset management and capital investment
Collective investment organizations
Financial investment consultancy
Crowdfunding
Financial technology (Fintech)
Sustainable (green) finance
Microfinance
alternative Finance

Incentives

Companies located in Casablanca Finance City benefit from the following advantages

1

Total exemption from corporate tax for the first 5 years and a 20% rate beyond
2

IR rate of 20% for employees of CFC companies
3

Possibility for service companies to constitute deductible provisions for investment, within the limit of 25% of the taxable profit
4

Total exemption from registration fees regarding the constitution and capital increase acts of companies enjoying CFC status