Monday, October 27, 2008

Why Invest in Morocco


Why Invest In Morocco
Morocco’s legal and financial frameworks are similar to those of Spain and France and many investors feel secure by European style system of purchase.
•The Azur plan is the six new coastal resorts, five located on the Atlantic and one on the Mediterranean coast with thousand of residential unites being constructed by international developers, which are guaranteed by the king, Mohammad VI So many investors feel safe knowing that this plan is backed by government statute.
•“Open Sky” is an agreement between the EU and Morocco which lead to opening of new routes to Morocco in low cost European carries such as Easyjet,Thomsonfly and Ryan Air. Because of this policy the number of visitors and property prices increased.
There is a tax between 0% and 20% on any capital gains.
• Property prices are 50% less than other European resorts.
•There is no annual property tax for first 5 years.
• You can experience a luxury lifestyle at little expense because of low cost of living in Morocco.
Morocco offers the same facilities of southern Spain at significantly lower prices.
•There is 0% Inheritance tax to family.
• The Moroccan government allows 100% repatriation of funds to all EU buyers. This can be done through a Sterling Exchange account which can be opened at any Moroccan bank.

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