Morocco

Part of Morocco’s strategy to attract foreign investors is the creation of free zones. To date, six integrated industrial zones have been established, all within the region of Tangier, and with each one dedicated to a different sector of the economy, including car manufacturing, aeronautics and sports, among others. Prime Ministerial Circular No 9/...

With the modernisation of financial laws, it has also been necessary to reform and adapt Moroccan foreign exchange regulation. On November 16, 2011, the legislator enacted the Moroccan Office of Exchange (MOE) Circular, in the process compiling and codifying 815 articles for all regulation applicable to foreign exchange.

The modernisation of financial trading has necessitated the enactment of new legislation. While only in draft format, these laws indicate a drive to upgrade the legal environment for domestic and global trading.

Decree 1-02-296 (October 3, 2002) promulgated Law 65-00 to form mandatory basic health coverage. In essence, this law demonstrates increased commitment from the state to ensure free medical services to the population, as well as the provision of quality medical services to all segments of the community.

The year 2013 is set to see several important steps in the legislative trend towards the modernisation of the Moroccan economy. The term “modernisation” in this context suggests that new laws will be implemented to bring the economy in line with global standards and offer investors new financial products, thus creating new potential and capital...

The 2013 Finance Law has been adopted in a difficult economic context, which makes balancing the budget and accounts an absolute priority. This law demonstrates the preparedness of the Moroccan authorities to pursue fiscal reform spread out over several years. The fiscal measures that have been introduced by the 2013 Finance Law meet the demand to...