Category: Legal
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Can you get a mortgage as a freelancer or remote worker?
I get this question a lot, and it’s a legit one! As a freelancer, or remote worker, can you get a mortgage easily? And if so, what are the rates? The answer is “it’s complicated“. So, let me explain why before continuing! It’s all in your new “status” In theory, when you work as a…
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2022 Moroccan finance law: New solidarity tax
When Morocco was facing COVID in 2020, a new “corrective” finance law was introduced to help with COVID-related expenses. One of the “corrective” measures was introducing a “solidarity tax” (ie, helping with COVID-expense) on individuals earning more than 20.000 MAD per month, and companies making more than 1 million MAD in profit. With the new…
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2022 Moroccan finance law: Proportional tax (IS)
A new year, a new update to the finance law! While I won’t cover every change, I’ll at least cover those affecting freelancers and remote workers. The first change affecting us is the proportional IS (Import sur la Société). Before, this tax was progressive. And it’s better explained via an example: Benefits (MAD) IS Less…
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Moroccans: How much money can you spend on international e-shopping in 2022?
Every year or two, Morocco updates its laws regarding international spending for Moroccans. As a Moroccan resident or an international resident in Morocco, you don’t have the right to spend more than a specific amount of USD/EUR (or really, any currency other than the local one) in a calendar year. For 2022, you can spend…
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Is it better to be an employee or to create your company as a contractor/freelancer?
Working remotely means working either as a contractor or an employee. If the company has a legal entity where you live, you’ll be an employee. If not, you’ll be a contractor. But what’s the difference? Is it worth it to be a contractor? Or is it better to be an employee? The short answer is:…
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Calculate your CNSS and IR, step-by-step, with real examples and numbers
What’s the annoying part about working for yourself or working remotely? Doing taxes, paying yourself, and all those extra things you need to do. But the moment you understand them, you’ll open new doors for yourself. And that’s what I’m helping you with today. In a past post, I gave you the numbers you need…
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What is the auto-entrepreneur status in Morocco and when to use it?
Note: This article was updated on the 18th January 2023 following the new 2023 financial law. I get a lot of questions about the auto-entrepreneur status in Morocco, and especially the 1% taxation part. Why not paying 2% instead of +35%? And why spend too much time creating a company when you can get this…
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Dealing with Moroccan banks without losing your mind
Even after spending more than a year dealing with banks and international transfers, I still think it’s a hard game! In this post, I’ll share my process of finding the best bank in Morocco, how to accept international payments and what are the fees. Banking is something that scares a lot of people wanting to…
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Understanding company taxation in Morocco
This article was updated on 7 March 2022. In prior articles, we covered what entity you need to work remotely. How you can get health insurance. And now we’ll talk about the taxes. To sum up, there are 4 different types of taxes you’ll need to declare/pay: TVA (Taxe sur la Valeur Ajoutée) This is…
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How to get health insurance in Morocco when you work remotely
Last time, we talked about what type of company you need in order to work remotely from Morocco. This time, we’ll talk about health care as it’s an important subject for me and for lot of people. For more articles about the legal side of working remotely from Morocco, check the Legal category. In Morocco,…