Description and eligibility criteria

DESCRIPTION AND ELIGIBILITY CRITERIA

The CFC Status is a label which provides access to an attractive package of benefits.

These benefits include Doing Business facilitations, an access to a community of active members and relevant information on Africa

DESCRIPTION & ELIGIBILITY CRITERIA

The CFC Status provides access to an attractive package of benefits. These benefits include Doing Business facilitations, a community of active members and opportunities to relevant information on Africa. These benefits are detailed in the next section.

CFC’s institutional framework is continually adapting to best meet the needs of CFC members and to ensure the most competitive offer that fosters and facilitate their activities in Africa.

Companies looking to obtain the CFC status must meet the following requirements:

Fit into one of the following company categories:

Financial companies

Credit institution
Insurance and/or reinsurance companies/brokers
Credit rating companies
Private wealth management
Holdings
Investment companies
Mutual investment funds
Financial investment advisors
Crowdfunding platforms

Non-financial companies

Ancillary services providers: companies who practice one or more of the following activities:
1. Audit and consulting services for legal, fiscal, strategy or human resources
2. All other professional service activities

*Technical and administrative service providers:

Technical service carried out in the context of industrial and commercial activities. Technical service providers can also:

– provide services on behalf of third parties;

– invoice goods and services on behalf of said entities or to third parties.

Administrative Services Providers: companies that practice at least one of the following activities:
- the supervision and coordination of the activities carried out by the entities of the group to which the service provider belongs, on national territory or in one or more foreign countries
- the direction and management of these entities
- the provision of services on behalf of these entities.

Criterion relating to technical service providers and administrative service providers

Technical service providers and administrative service providers must provide at least three of the following services to at least three entities of the same group or with which they are associated by virtue of commercial, technical or capital relations:

– the supervision and coordination of the activities carried out by the entities of the group to which the service provider belongs on the national territory or in one or more foreign countries

– the direction and management of these entities

– the provision of services on behalf of these entities

– the provision of services on behalf of third parties

– invoicing of goods and services on behalf of these entities or to third parties

– any other administration, management or coordination service relating to regional and international headquarters.

*Trading companies

It is any legal entity whose main objective is the purchase and sale of goods for the account of third parties and which carries out at least one of the following activities: – the purchase of materials or products for the resale;

– trade-related services, including networking, logistics, storage, transit and trade advice.

2.Provide an added value to the development of CFC ;

3. Headquarters must be located at CFC;

4. Be managed and operated from CFC;

5. At least one manager must reside in Morocco

6. Allocate a minimum of operating expenses in line with the activity of the company;

7. At least one senior executive must have qualifying international experience;

- Minimum of 3 years for service providers (administrative, technical, ancillary, trading)
- Minimum of 1 year for all other activities

8. Contribute to the development of the technical and technological expertise and to the development of the Casablanca Finance City, especially concerning the exchanges and financing the development in Africa.

Legal and regulatory framework governing Casablanca Finance City:

Laws: