Morocco has a population of more than 36 million people, with key industries including tourism, agriculture, and fishing. There are many types of company formations allowed in Morocco, based on your business needs. The corporate tax rate is based on income brackets and the tax year corresponds to the calendar year.
Labor and Payroll considerations in Morocco:
- Work contracts can be oral, but each employee must be given a job card including the employer name, employee name, employee job title, and social security number
- Morocco uses industry-related Collective Bargaining Agreements
- Employers and employees must register with the General Directorate of Income Taxes
- Minimum wage is 3,000 MAD ($310 USD) per month in the public sector, and 2,570 MAD ($265 per month in the private sector
- Employers must register new employees with the Social Fund
- Social security contributions are withheld from employee pay
- Employers must contribute to social security
- Foreign workers need a permit to work in Morocco
- Foreign workers staying longer than 90 days must obtain a residence permit
Doing business in Morocco can be challenging, but Blue Marble can help simplify the payroll and compliance process. Our cloud-based technology with customized monthly reporting gives you real-time access to your payroll across all countries and currencies. We have a unique, hybrid service model so you have a US-based service team and direct access to in-country experts when questions come up. Talk to us today about simplifying your operations in Morocco.