Category: Morocco
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You can lose everything with the auto-entrepreneur status
The auto-entrepreneur status is one of the easiest ways of getting started and making your work legal in Morocco. It’s also one of the cheapest options (tax wise). But isn’t this too good to be true? Hmm, indeed! The auto-entrepreneur status can make you lose all your belongings too! How? Let’s see. Auto-entrepreneur status hidden…
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Investing in Morocco: Retirement Plans
Retirement plans are another way of investing in Morocco, especially for the long term (well, technically, very long term). This way of investing is also known as a good way of reducing your taxes (we’ll see why). When I say retirement plan, I’m talking about private plans created by banks and/or insurance companies. There are…
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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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Investing in Morocco: OPCVM
OPCVM is a way of investing in Morocco and is an acronym for “Organisme de Placement Collectif en Valeurs Mobilières” which means a collective organization for investing. In plain English, it means a financial institution that gets money from different people and invests it in the stock market following pre-defined allocation rules. What I mean…
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Investing in Morocco: Stock Market (Bourse de Casablanca)
If you want to invest in the stock market, and want to know how you can buy stocks in Morocco, this post is for you! If you’re looking for other investing approaches, see our page about investing in Morocco. Returns Shares price changes Like any stock market, it’s hard to quantify if your shares will…
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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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Investing in Morocco: Compte sur Carnet
“Compte sur Carnet” is a way of investing in Morocco by putting your money in a specific account, and getting a fixed return each quarter. Think of it as a savings account. You can get a “Compte sur Carnet” from your bank and it will be tied to your normal account. This way, you can…
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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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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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The best delivery services in Casablanca, Morocco
When it comes to digital life in Morocco, Casablanca is the city that shines. Nearly all services are available for delivery and some are even offering same-day delivery. In this post, I’m sharing with you the best services you can use in Casablanca for food delivery, groceries, and much more. 1. Groceries These are the…