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Africa expansion

Use Morocco as your springboard into Africa

Choice of country, exchange control approvals, local incorporation, consolidation and transfer pricing: we help groups expand from their Moroccan base into West Africa, Central Africa and the Gulf, with a correspondent on the ground.

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01

What we handle

From decision to consolidated reporting

  1. 01

    Choice of country and entry mode

    Subsidiary, branch, representative office or joint venture, depending on the target market, local tax and how much commitment you want.

  2. 02

    Foreign exchange approvals

    A Moroccan company investing abroad files with the Foreign Exchange Office (Office des Changes). We prepare the file and organise the return of dividends.

  3. 03

    Local incorporation

    Registration in the target country with our Execor network correspondents on the ground.

  4. 04

    Consolidation

    Bringing the new subsidiary into your consolidated accounts: scope, harmonisation adjustments and currency translation, ready for your UK or US group reporting.

  5. 05

    Transfer pricing & tax treaties

    Intra-group pricing policy, supporting documentation, and relief from double taxation under the treaties Morocco has signed.

  6. 06

    Group reporting

    A single reporting format between your Moroccan hub and its African subsidiaries, consolidated every month.

02

Common markets

Where our clients expand

West Africa
WAEMU zone: a common currency, harmonised OHADA business law and growing markets.
Central Africa
CEMAC zone, also under OHADA law.
Gulf states
United Arab Emirates and Saudi Arabia, for services and trading.
Europe
Spain and France, close by, for companies serving both sides of the Mediterranean.
03

Process

The main stages of a project

  1. 01 Weeks 1 – 2

    Scoping

    Target market, entry mode, budget and timeline; first view of tax and regulatory issues.

  2. 02 Weeks 3 – 4

    Exchange control approval

    Preparing and filing the outbound investment file with the Foreign Exchange Office.

  3. 03 Months 2 – 3

    Local incorporation

    Setting up the entity with the local correspondent, bank account, first local filings.

  4. 04 Then

    Group integration

    Reporting, consolidation and transfer pricing policy in place.

FAQ

Africa expansion: common questions

Why use Morocco as a base for Africa?

Casablanca is a major financial and transport hub for French-speaking Africa, Moroccan banks and companies are widely established south of the Sahara, and Morocco has an extensive network of agreements across the continent. Many UK and US groups run their African operations from a Moroccan regional hub.

Does a Moroccan subsidiary need approval to invest in another African country?

Yes. Investments abroad by Moroccan resident companies, including subsidiaries of foreign groups, are governed by foreign exchange rules and go through a file with the Foreign Exchange Office. We prepare and follow it for you.

Do you work with local firms in the target country?

Yes. CAF Management is a member of the Execor international network: we rely on a local correspondent for incorporation, accounting and tax in the new country, while coordination stays with us in Casablanca.

Do we need a transfer pricing policy from the first subsidiary?

As soon as there are flows between the Moroccan hub and the new subsidiary (sales, services, royalties, financing), yes: a documented policy protects the group on both sides of the border.

More services

The rest of our legal support

Contact

Let’s talk about your Morocco project

A free 30-minute scoping call, by video at a time that suits UK or US hours, to settle the right entity type, a realistic timeline and the budget to plan for.

Tell us about your project in 2 minutes

A few questions about your business, your country and the service you need. A member of the CAF team will get back to you to book the call.

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