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Finance Law 2023 – Provisions applicable to CFC companies

Discover the innovative system introduced to maintain CFC’s competitiveness and anchor its positioning as a leading financial center in Africa.
Video details on the provisions applicable to CFC companies in the 2023 Finance Law.

Important notice

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.

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

CFC offers business facilitation and simplified procedures across establishment of a one stop shop:

  • Accelerated administrative procedure for the constitution of companies in 48h
  • Taechir service to simplify and speed up the process foreign work permits. CFC members are able to apply and pick up foreign employment contracts directly at CFC headquarters.
  • Outsourced legalization of signatures service on foreign employment contracts.

Thus, members can obtain foreign employment contracts in 48 hours and residence permits in 2 weeks.

  • Simplified procedures for business visa applications (24h)
  • Financial institutions can receive their licence through a consolidated form that allows both CFC status and licence.

Launching e-services for CFC community

CFC has recently partnered with the general directorate of local municipalities, the city of Casablanca and the borough of Hay Hassani to launch new E-services. This innovative platform allows to notarize and certify documents remotely and is available exclusively to the CFC community before its launch to the general public.

Through this initiative, CFC consolidate its role as a pioneer in doing business practices for the benefit of its members but also as a perfect sandbox for innovative measures for the whole country.

Be first to pre-register and create your account by following the instructions on the designated electronic platform: wraqi.ma/Home/CFC.

To complete your registration, dedicated bilingual officers will assist you at the nearby Annexe administrative Cité de l’Air, located at Rue AeroCity, Hay Hassani, Casablanca.

For your queries and comments, please contact: guichetunique@cfca.ma

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