From the idea to administrative formalities, launching your own project can be a daunting task when you are unsure of where to begin. That is why we have prepared a detailed guide to accompany you step by step until its fruition.
A project is, above all, an idea. No matter how promising it may be, it is essential to subject it to the scrutiny of market research. Therefore, consider conducting a market research or a study of the sector in which you will operate, always keeping an eye on competition. Additionally, remember to patent your idea with the Moroccan Office of Industrial and Commercial Property by filing your invention patent.
A project is, above all, an idea. No matter how promising it may be, it is essential to subject it to the scrutiny of market research. Therefore, consider conducting a market research or a study of the sector in which you will operate, always keeping an eye on competition. Additionally, remember to patent your idea with the Moroccan Office of Industrial and Commercial Property by filing your invention patent.
This constitutes a crucial phase, serving as a condensed overview of the strategy you are employing to execute your project successfully within a specified timeframe. This document is not just a simple layout of your information. This process requires you to work on numerous issues and prompts you to ask the right questions. As a result, you enrich your project and avoid mistakes. Additionally, your business plan shapes the structure of your project, establishes a framework, identifies expenses that can be quickly budgeted, and outlines a turnover target.
With the business plan finalized, you now embark on the process of setting up the business. Initially, you have the choice among several legal statuses based on the management style that suits you best as a future business owner. The first existing status is that of a sole proprietorship. You are the sole person making decisions regarding the operation of your business, granting you complete freedom of action. However, the flip side of the coin is that you are the only one legally liable, which means that you are responsible for your debts, and if you are unable to honor your commitments, your personal assets may be seized.
Company regulations currently in effect cover several legal forms of companies, which you can choose according to your own entrepreneurial considerations (minimum capital, number of shareholders, financing method, operating cost...). When it comes to legal form, there are many different types of businesses in Morocco, although the best known are the Société Anonyme (SA) and the Société à Responsabilité Limitée (SARL). The other legal forms are as follows:
To start your business project, you need to define your needs rationally (operations and investment). If you are not relying solely on your own funds, the Moroccan banking system offers a wide range of financing options for new projects. There are many financing solutions available in Morocco. To learn more about them, you need to get in touch with your bank advisor, associations or Tamwilcom (formerly Caisse Centrale de Garantie), which offers credit guarantees and joint financing with banks for projects in sectors deemed a priority by the government.
The procedures for setting up a business can be completed at the "guichets uniques" (one-stop shops) of the regional investment centers (CRI). The main steps involved in setting up a commercial business as a legal entity are as follows:
Your accounting firm, lawyer or chamber of commerce and industry can take care of the paperwork and save you a lot of trouble. If you do not have your own office at the start, you will need to register your business with a domiciliation company.
For the procedures involved in setting up a company of partners, all you need to do is:
Discover the Attijariwafa Bank branch network and find the one closest to you.
