Africa
Financial services founders targeting Francophone Africa, Morocco
Casablanca Finance City (CFC) status grants a 15% CIT for the first 5 years, then 20%, plus a personal income tax cap for expat staff. CFC is regulated under Bank Al Maghrib oversight and routes capital across 30+ African markets.
CFC 15% / 5 yearsBank Al MaghribAfrica hub
Start setup {placement} 4 min · no card required
Corp tax
35%
Fastest setup
2 weeks
Tax treaties
60
Region
Africa
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: MAD 10,000
- Administrative language: French
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 35%
- Effective rate ~20%
- Tax treaties 60
- VAT rate 20%
- Withholding on dividends 15%
Key treaty partners
FranceSpainGermanyBelgiumUKUSA
Banking and payments
- Banking is straightforward
- Stripe not supported
- Wise supported
- EMI license framework available
Considerations
If you need pure tax optimisation without local substance
Outside CFC, the standard CIT runs to 35% with exchange controls and a 20% effective rate even with structuring. For low tax structures without substance ties:
35% headline CITExchange controlsSubstance required