Advantages of setting up your back-office activities in Morocco
Incentives for the offshoring sector in Morocco have been developed in recent years to attract foreign investment and stimulate economic growth in the country. These incentives are designed to make it more attractive for companies to set up operations in Morocco, as well as to encourage existing companies to expand and invest in the country.
One of the main incentives for the offshoring sector in Morocco is the country's strategic location. Located at the crossroads of Europe, Africa and the Middle East, Morocco is ideally positioned for companies looking to tap into new markets and expand their reach. The country is also home to a skilled and educated workforce, with a strong tradition of education and training in areas such as engineering, IT and finance.
In addition to its strategic location and skilled workforce, Morocco also offers a number of financial incentives to companies looking to set up offshoring operations in the country. These include tax breaks, grants and other financial assistance to help businesses start up and grow.
For example, the Moroccan government offers a range of tax breaks and exemptions to companies operating in the offshoring sector. These include reduced corporate tax rates, tax exemptions related to the import and export of goods and reduced social security contributions for employees.
In addition to these financial incentives, Morocco also offers a range of non-financial incentives for companies in the offshoring sector. These include access to world-class infrastructure, including airports, ports and modern roads, as well as a range of support services to help businesses establish and grow.
Overall, the offshoring sector in Morocco is a thriving and growing industry, with a range of incentives in place to encourage foreign investment and stimulate economic growth. With its strategic location, skilled workforce and array of financial and non-financial incentives, Morocco is an attractive destination for companies looking to set up offshoring operations and tap into new markets.
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Tax advantages of the offshoring sector in Morocco
One of the main tax incentives for the offshoring sector in Morocco is the reduction of the corporate tax rate. Companies operating in the offshoring sector in Morocco are eligible for a corporate tax exemption for 5 years, followed by a corporate tax rate of 20%. This reduced rate applies to businesses operating in a range of offshoring businesses, including call centers, back-office operations and customer care centers.
In addition to the reduced corporate tax rate, companies in the offshoring sector in Morocco are also eligible for a range of other tax breaks and exemptions. For example, companies may be eligible for tax exemptions related to the importation of capital goods, as well as a cap on social security contributions for employees.
There are additional supports in the form of subsidies for the cost of initial employee training. These subsidies generally depend on the regions where the company decides to set up offshoring.