In Morocco, more and more people are engaging in import and export activities, covering a wide range of products, from daily consumer goods to vehicles and perishable fresh produce. Almost all types of products can be imported into the territory, with the exception of illicit items and certain products whose importation is regulated. If you are considering venturing into the field of import-export in Morocco, we invite you to discover the following information in this article.
What qualifications are needed to start an import-export business?
In Morocco, no special requirements are imposed on entrepreneurs wishing to create such a business. Typically, these individuals already have extensive knowledge of the products to be brought to market, as well as the business skills necessary to successfully complete the transactions.
It is also important to note that success in the import-export sector is often facilitated by international contacts, which simplify business operations. Beyond academic qualifications, it is therefore essential to cultivate solid relationships with reliable contacts who will facilitate exchanges.
Which legal form should you choose for an import-export business?
For import-export activities, it is preferable to opt for a legal structure allowing you to be within the scope of VAT. Indeed, during an import transaction, the import VAT is paid by the importer in customs, it is therefore more optimal for the importer to be able to recover this VAT. Therefore, we recommend the legal form of Limited Liability Company (SARL). The latter can be formed by a single partner and takes the name of Limited Liability Company with Single Shareholder (SARLAU).
Other legal forms of business are also suitable for import-export activities, such as the Simplified Joint Stock Company (SAS) or the Limited Company (SA). These forms are generally used for reasons specific to the size of the project or to the particular nature of the desired mode of governance within the company.
It is also essential to draft company statutes clearly defining the corporate purpose of the company. This will determine the company's ability to carry out import-export operations and other international financial operations. The statutes also define the mode of governance and management to be put in place for the management of the company's operations.
What are the stages of business creation?
Once the legal form has been determined, the process of creating the company can begin. First of all, you must obtain a company name via a negative certificate issued by OMPIC. Then, the share capital must be fixed and a manager (at least) appointed at creation.
The statutes must be signed by all partners or their legal representatives. They must also be registered with the tax authorities.
Finally, all this legal documentation, signed and registered, must be presented to the tax services and then to the commercial register department of the commercial court of the city concerned.
After validation of these services, the creation of the company is then made official by publication in the legal notice journal and in the official bulletin announcing its creation.
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What are the other formalities to follow after the creation of the company?
Register for PORTNET
For a Moroccan company to be able to carry out import-export operations, it is obligatory that it register in a digital system called PORTNET. It is a one-stop shop for international trade that brings together import-export companies, customs services, banks, freight forwarders and port services.
Then, each import operation must first be initiated on PORTNET before the arrival of the imported products in order to facilitate the various procedures.
Choosing a freight forwarder
It is essential to choose a freight forwarder who will be responsible for managing and coordinating customs clearance and freight formalities, transport and handling of imported products.
The forwarder has a vital role in the smoothness of import operations. He is also the reference point when it comes to anticipating the calculations of import duties to be paid for each type of imported product.