Go Morocco Forums

Khalil

FAQs

Q: Do I need a visa to enter Morocco?
A: No. You do not require a visa to enter Morocco
if you are an EU passport holder.

Q: What nationalities can buy in Morocco?
A: Any nationality, resident or overseas can purchase
property in Morocco.

Q: What documentation will I need?
A: Your passport is the only documentation you will need
to purchase a property in Morocco.

Q: What mortgages are available?
A: The following mortgage terms are currently available:
• Loan amount – 70% maximum LTV
• Term – 15 years
• Maximum age – 73 years
• Affordability – status based
(proof of income will be required)
• Currency – Moroccan dirhams or euros

Q: Are there additional costs in respect to my
purchase price?
A: Yes. As with any property transaction there are other
fees that need to be covered such as legal fees, stamp
duty (or the foreign equivalent) etc. You should
allow for an additional 5% of your purchase price
in Morocco.

Q: Do I have to be in Morocco to complete
the transaction?
A: No, Ready2invest will help arrange a Power of
Attorney to be granted to a third party lawyer
enabling them to act on your behalf. This should
be in the Moroccan form and signed in front
of a Notary.

Q: Is there a Land Registry system in Morocco?
A: Yes. After the Full Contract/Deed of Sale (acte de
vente) has been signed the Notary will arrange for it to
be registered at the appropriate Land Registry and for
the payment of any Land Registry fees.

Q: How do I know if the land has good legal title?
A: Ready2invest carry out complete due diligence on
the title of all land and property that we release.
We are satisfied with the security of the title of the
Moroccan developments and the legal system
supporting it.

Q: Do I need to find a lawyer?
A: No, Ready2invest carry our extensive due diligence
on a number of legal firms in each country. We will
recommend a suitably experienced English speaking
lawyer for you to use. This lawyer will act on your
behalf and will be independent to both Ready2invest
and the Developer.

Q: What tax will I have to pay on the sale of
my property?
A: If the property is sold within five years from purchase
then the capital gains tax is set at 20% of the profit
made, subject to minimum of 3% of the sales price of
the property. If the property is sold between five and
10 years from purchase then capital gains is charged
at 10%. If the property is held for over 10 years then no
capital gains tax is due.

Q: Are double taxation treaties in place?
A: Morocco is a signatory to a treaty for the prevention
of double taxation with 60 countries throughout the
world, including the UK.

Off Plan Property Investment Specialists - Ready2invest