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The Economy

Morocco's economy is considered relatively liberal, governed by the law of supply and demand. Morocco has pursued a policy of privatization of previously government-controlled economic sectors since 1993. Morocco has emerged as a major player in African economic affairs, ranking fifth in terms of GDP. In its African Competitiveness Report 2014-2015, the World Economic Forum ranked Morocco as the first most competitive economy in North Africa.

The services sector accounts for slightly more than half of GDP. An additional quarter is made up of the industry sector, which includes mining, construction, and manufacturing. Tourism, telecommunications, and textiles were the fastest growing industries. Morocco, on the other hand, continues to rely on a disproportionate reliance on agriculture, which accounts for approximately 14% of GDP but employs 40-45% of the Moroccan population.


The Legal Business Structure

There are several legal structures for doing business in Morocco, including sole proprietorships, partnerships, and limited liability companies (LLCs).

The limited liability company (LLC) is the most common structure for foreign investors, as it allows them to limit their liability while enjoying the benefits of a legal entity separate from its owners

For more information on Morocco Jurisdiction, download pdf

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