Morocco

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
S.A.R.L.(private limited company	2 minimum	10,000 DH	Responsability is limited to the amount of contributions.	About 100DH.
S.A.(public limited company)	5 minimum	300,000 DH for closed public limited companies or 3,000,000 DH for open public limited companies.	Responsability is limited to the amount of contributions.	About 100 DH.
Partnership	2 minimum	no minimum capital.	Responsability is unlimited.	About 100 DH.
Limited Partnership	2 minimum	no minimum capital.	Responsability is unlimited and several for some and limited to the amount of contributions for others.	About 100 DH
Partnership limited by shares	3 sleeping partners and one active partner.	no minimum capital.	Responsability is unlimited and several for some and limited to the amount of contributions for others.	About 100 DH

Business setup procedures: Assistance for business creation generally facilitated by the Regional Investment Centers since 2002, Assistance counters for business creation of each of the CRI centralises all related administration procedures. A single form is provided to the investor within the CRI. It is equivalent to the application for patent registration, registration statement in the Trade Register, tax Id statement and the application for affiliation to the National Social Security Fund.
The competent organization: Regional Investment Center

Legal weekly duration: 48 hours
Retirement age: 60 years generally and 55 years for miners.
Working contracts: Employment regulations have been adopted in July 2003 and is in force since June 2004. Employment contract is governed by legal provisions and to a lesser extent by collective agreements and individual negotiations.
The employment contract form is rather rigid. Three types of contracts coexist: the permanent contract, the fixed term contract and the contract to complete a given work.

Minimum wage: 1,841.84 dirhams per month
Average wage: 3,780 MAD
Social contributions: Social security contributions paid by employers: 16.10 %
Social security contributions paid by employees: 4.29%

Bargaining power: Three federations stand out among the 17 existing trade unions: Moroccan Union of Work (UMT), the Democratic Confederation of Work (CDT), and General union of the Moroccan Workers (UGTM).
Their negotiation powers are overall weak because of the rupture and a rather cloudy management, but they are rooted in the company.
Unions: Moroccan Workers General Union
Democratic Confederation of Work
Unionization rate: 6% (official figures)
Labor regulation bodies: Ministry for Employment and Professional Training
Index Mundi