People Mobility

Companies with “CFC Status” benefit from a faster and easier procedure for recruiting foreign candidates.
This procedure consists of:

• The exemption from the ANAPEC certificate certifying the absence of national candidates to fill the proposed post to the foreign candidate;
• Foreign candidates are exempt from producing certified copies of their professional references;
• Foreign work permit granted within a maximum period of 3 working days.

Important notice:

CFC would like to remind its members, that to be compliant with the local authorities, all foreign nationals residing in Morocco must apply for a residency permit.

In addition, starting September 1, 2019, all foreign minors must present local documentation to allow for exit and entry to the Moroccan territory.

Foreign employees newly recruited by companies with the CFC status and who do not yet have registration cards can now open a provisional bank account in dirhams by simply submitting their foreign work contract approved by the Ministry of Labor and professional integration. In the past, opening an account required presenting the registration card application receipt.

For more information, get in touch with our companies assistance team at guichetunique@cfca.ma

Joint note relating to the facilities for granting a “Business” visa and a residency permit within the framework of Casablanca Finance City (CFC)

Capital Mobility

• Opening a single currency account for all transactions
• Total freedom to manage foreign currency holdings
• Transfers unrestricted for fees and technical assistance within the group.
• Additional budget on business trip endowments for CFC companies

Circular OC N ° 02/2018 on authorized intermediary banks

Companies with “CFC status” benefit from the following tax advantages

CORPORATE INCOME TAX

The company benefits in terms of taxable income from local and export turnover:

• total exemption during the first 5 consecutive fiscal years, starting from the first fiscal year of granting of the status
• taxation at the specific rate of 15% beyond.

Date of effect of Corporate income tax benefits

The effective date of the tax benefits begins from the date on which the CFC status is granted.

In the event that, during the same financial year, the company carries out its activity for a given period without CFC status and the remainder of the period with CFC status, the benefits provided are granted in proportion to the activity carried out from the date of being granted the CFC status.

PERSONAL INCOME TAX

All CFC employees have the choice between:

• A personal income tax at the specific rate of 20%

The following elements are affected by this rate:

* Gross salaries, emoluments, and wages

* Compensation and benefits in cash or in kind, as a salary supplement

If the employee has other income, he must also file his declaration of overall income (in accordance with the provisions of article 82 of the General Tax Code (C.G.I))

• Standard taxation from the 1^st year

Date of effect of the income tax benefits

Taxation at the rate of 20% is granted for a maximum period of 10 years from:

• Starting on the date at which the status was granted, for already existing employees
• Starting on the date of employment for new recruits

OTHER TAX INCENTIVES

WITHHOLDING TAX ON DIVIDENDS 

The company with CFC status benefits from permanent exemption from withholding tax on dividends and other similar dividend income paid to residents and non-residents.

REGISTRATION FEES

CFC companies are exempt from registration fees relating to business creation and capital increase.

For all your questions relating to tax benefits, please contact the CFC support team at guichetunique@cfca.ma

Documents to download

• NC N°-733 relating to the tax measures of the 2023 Finance Law
• Circular Note N ° 730 Finance Law N ° 70-19 for the 2020 budget year
• Finance Law 2020