Foreign Investments in Morocco: Income, Transfer, Liquidation

How to Transfer Investment Income and Capital Gains

Foreign investments in Morocco benefit from strong legal protections, especially when it comes to moving profits abroad. Investors have full rights to repatriate both earnings and capital. In particular, they can:

Transfer proceeds from the sale or liquidation of assets
Recover the principal from shareholder loans and partner advances made in foreign currency
Repatriate rental income, dividends, interest, and other investment returns

Thanks to this favorable system, foreign investors in Morocco — as well as their heirs — can maintain financial control and stability across generations.
To fully optimize your investment strategy, be sure to understand related taxes such as the Capital Gains Tax on Real Estate in Morocco.

What Are Foreign Investments in Morocco?

Foreign investments in Morocco refer to financial or real assets that foreign investors acquire in the country. These investors include:

Foreign legal entities
Individuals of foreign nationality (resident or non-resident)
Moroccan nationals residing abroad

According to the Office des Changes, the Moroccan Foreign Exchange Office grants a convertibility regime to investments funded in foreign currency. This regime ensures that investors can freely:

Transfer income generated by their investments
Transfer proceeds from the sale or liquidation of those investments

Moreover, this framework encourages long-term investment by simplifying financial mobility and increasing investor confidence.

Inheritance and Devolution of Foreign Investments

Foreign investors or Moroccan nationals residing abroad can transfer inheritance proceeds from Morocco to their heirs. This includes:

Income and capital from real estate and financial investments
Liquidation proceeds and securities income
Bank deposits and interest-bearing accounts

These transfers are protected under Moroccan law, facilitating international succession and ensuring heirs receive their entitled funds.

Legal Framework and Compliance Guidelines

Morocco’s rules and investor protections stem from several official sources, including:

The latest regulatory framework came into effect on January 2, 2024. It ensures legal clarity, boosts investor trust, and aligns with international standards.
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