How To Get Moroccan Citizenship By Investment? [Explained]

If you’re looking to diversify your investment portfolio and gain a second citizenship, Morocco offers an intriguing option. In this article, we will delve into How To Get Moroccan Citizenship By Investment? The benefits it offers, and the steps you need to take.

How To Get Moroccan Citizenship By Investment?

Morocco does offer a pathway to citizenship through investment. The minimum investment required is $5,000. This investment can grant you a residence permit, which can eventually lead to citizenship.

Geography & Mobility

Geography of Morocco

Morocco is situated in the Maghreb region of North Africa, bordered by the Atlantic Ocean and the Mediterranean Sea to the west and north, respectively.

The country shares land borders with Algeria to the east and southeast, and the disputed territory of Western Sahara to the south. The Atlas Mountains run through the middle of the country, which also features a portion of the Sahara Desert.

Climate

Morocco experiences a Mediterranean climate along its coasts, which means mild, wet winters and hot, dry summers. However, the climate can vary dramatically within the country due to its diverse geography.

For instance, the interior regions, particularly the Atlas Mountains, can experience extremely cold winters with snowfall, and the Sahara region is arid and hot year-round.

Visa-Free Access

One of the significant mobility advantages of holding Moroccan citizenship is the visa-free or visa-on-arrival access to 63 countries. This includes several countries in Africa, Asia, and the Middle East. While it may not offer as extensive visa-free travel as some other passports, it does provide a level of freedom for international travel.

Travel Infrastructure

Morocco has well-developed travel infrastructure, including international airports in major cities like Casablanca, Marrakech, and Tangier.

The country also has an extensive road network and public transportation options, making it easier for citizens to move around both domestically and internationally.

Dual Citizenship

Morocco allows dual citizenship, which means you can hold a Moroccan passport alongside another country’s passport. This can be particularly beneficial for business people and frequent travelers, as it may provide more straightforward access to different regions of the world.

Economy and Investment Types

The Moroccan Economy

Morocco has a mixed economy that is heavily reliant on agriculture, which makes up about 15% of the country’s GDP. However, the Moroccan economy is diverse, with other significant sectors including mining, construction, and manufacturing.

Tourism is also a growing sector, contributing to both GDP and employment. The country has a GDP of approximately $332 billion, making it one of the most robust economies in Africa.

Currency and Financial System

The official currency of Morocco is the Moroccan Dirham (MAD), and the country has a relatively stable financial system. It has a range of local and international banks, and the Moroccan government has been implementing reforms to attract foreign investment.

Types of Investments for Citizenship

When it comes to obtaining Moroccan citizenship by investment, there are several avenues you can explore:

1. Real Estate: Investing in property is one of the most straightforward ways to gain citizenship. The Moroccan government encourages foreign investment in real estate, and owning property can automatically grant you a residence permit, a precursor to citizenship.
2. Business Ventures: Starting a business in Morocco is another pathway to citizenship. The government offers various incentives for entrepreneurs and business owners, especially those who can create jobs or contribute to economic development.
3. Government Bonds: Investing in government bonds is a less common but still viable route to Moroccan citizenship. These are generally considered to be low-risk investments.
4. Bank Deposits: Some programs allow for a direct investment through a significant bank deposit, held for a specific period, as a pathway to citizenship.
5. Cultural and Social Investments: While less common, investments in social or cultural projects, including philanthropy, can sometimes be considered as part of a citizenship-by-investment application.

Investment Benefits

Investing in Morocco comes with several benefits:

• Tax Incentives: Morocco has a range of tax incentives for foreign investors, including reduced rates and exemptions in certain sectors.
• Market Access: Morocco has free trade agreements with several countries and regions, providing businesses with access to a broad market.
• Skilled Labor: The country has a relatively young and increasingly skilled labor force, providing a talent pool for businesses.

Understanding the economic landscape and the types of investments that can lead to Moroccan citizenship can help you make an informed decision tailored to your financial and personal circumstances.

Taxation System

Income Tax

The income tax in Morocco can go up to 38%, and the corporate tax is 31%.

Territorial Taxation

Morocco has a territorial taxation system, which means you are taxed only on the income you earn within the country.

Culture and Language

Official Languages

Arab and Berber are the official languages in Morocco. However, French is also widely spoken and understood.

Cultural Influence

Moroccan culture is a blend of East, South, and North influences, with Islam being the predominant faith.

Conditions for Permanent Residence

One of the primary pathways to Moroccan citizenship is through permanent residence. To qualify for permanent residence, you must fulfill certain conditions:

• Naturalization: This involves living in Morocco for at least 5 years without leaving the country. During this period, you should either be employed, studying, or running a business.
• Employment: Professions in tourism, the hotel and restaurant business, the medical sector, and beauty services are considered popular for employment.
• Own Business: Wealthy immigrants often opt for this route. Low taxation in Morocco attracts many businessmen.
• Real Estate: Buying property in Morocco automatically grants you the right to a residence permit, which can later lead to citizenship.
• Marriage: This condition applies exclusively to women. You must live in an official marriage without leaving the country for 2 years or more.

Stages of Obtaining Permanent Residence

Visa Requirements

Morocco is a visa country for many foreign citizens. To obtain permanent residence, you usually need to open a Moroccan multi-visa, valid for 90 days.

Document Checklist

1. Passport (original and photocopy)
2. Completed application form
3. Two photos (size 3.5 by 4.5)
4. State ID number
5. Certificate of income
6. Certificate of Good Conduct

Life in Morocco

Cost of Living

Life in Morocco is relatively cheap. Markets offer a variety of products like fish, meat, vegetables, and fruits at affordable prices.

Cultural Aspects

Morocco is predominantly Muslim, but it is a democratic country where other faiths are also respected.

Legal Aspects

Refugee Status

It’s important to note that under Moroccan law, refugee status cannot be obtained.

Expert Assistance

Given the complexity of the immigration process, it’s advisable to consult experts for legal advice.

Conclusion

In summary, getting Moroccan citizenship by investment is a viable option for those looking to diversify their investment portfolio and enjoy the benefits of a second citizenship. With a minimum investment of just $5,000, you can start your journey towards becoming a Moroccan citizen.

Frequently Asked Questions