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Office des Changes Foreign investors Non resident foreigners Financing arrangements

Financing arrangements

Clause 156. - Financing arrangements

As defined by the clause 155 of this instruction, the Financing of foreign investment operations in Morocco must be carried out by:

  •  Settlement made in accordance with the provisions of the clause number 8 of this Instruction;
  •  Consolidation of the checking accounts of partners that are financed in accordance with the provisions of the clause number 8 of this Instruction, incorporation of reserves and incorporation of retained earnings;
  •  Consolidation of debts that fall under the importation of goods carried out in accordance with the provisions of this Instruction and which have not been subject to a settlement;
  •  Consolidation of debts that fall under a patent or manufacturing license rights granted by foreign companies that have not been subject to a settlement;
  •  Contributions financed in foreign currencies or in convertible dirhams;
  •  The use of convertible accounts by the original holders of these accounts and the purchasers of their availabilities. The investments financed that way benefit from the convertibility regime within a period of two years after their implementation.

According to the general norms of financial management of a company, the capital of the enterprise and in particular its social capital must be in harmony with its activities and evolve in parallel with its development.