Morocco has made considerable efforts to improve the investment environment. An action of modernizing all the legislative and statutory laws governing the economic activity was carried out in order to consolidate the attractiveness of the Kingdom vis-à-vis national and foreign investors. In addition to the great reforms of the macro-economic framework which is characterized today by a great stability, several reforms such as the reform of the Casablanca Stock Market in 1993, the reform of the Commercial law  in 1995, the reform of the right of industrial, literary, and artistic property in 1997 (www.odi.gov.ma), the establishment of commercial tribunals, the reform of labour regulations in 2004, have allowed a modernization of the business environment in Morocco and its adherence to the standards of the developed countries.. In Morocco, the laws in force guarantee

equality between all investors without any distinction of nationality or background. Bilateral agreements of protection and guarantee of investments or non- double taxation were concluded with more than 40 countries. (“Agreements of promotion and protection of investments.”) 

Since 1996, a framework law forming "the Charter of Investment" has been adopted to replace the various investment frameworks applicable hitherto. The measures projected by this charter tend to encourage  investment through:
- The reduction of the fiscal costs related to the operations of acquiring materials, tools, equipment and fields required for the realization of the investment;
- The reduction of tax rates on  incomes and benefits;
- The granting of a preferential tax system in support of regional development;
 - The reinforcement of the guarantees granted to investors by arranging the grounds of appeal as far as the national and local taxation is concerned;
- The promotion of the offshore financial places, the free zones of export and the system of the free industrial warehouse.

The Charter contains other advantages relating to investment at the level of:

Fee registration

- Exemption for the acts of the acquisition of the land intended for the realization of a project of investment;

- Application of a rate of 2,5 % on the acts of the acquisition of lands intended for the realization of operations of housing estate and construction;

- Application of a rate of 0,5% on the capital invested at the constitution or increase of the capital.

Customs duties

Duty importation: 2,5% or 10% depending on the list of material and equipment; exemption of the Tax levy on Importation "PFI".

Value-added tax "VAT"

 Exemption or refunding for the equipment goods, materials and tools acquired locally or imported.

Licence Tax

Suppression of the variable tax; Exploitation exemption during the first five years in favour of any person or entity practicing a professional, industrial or commercial activity.

Other measures have been adopted at the financial level with the institution of a convertibility system for the benefit of foreign investments financed in currencies which allow free transfer of invested foreign capitals and capital gain.