Under the current Moroccan law registration of sale of real estate includes:
- Drawing up the contract of purchase / sale
- Notarization of the transaction
- Entry in the State Register.
Please note that the registration of real estate in Morocco has its own characteristics, and in drawing up the contract of purchase / sale takes into account such aspects as:
- Individualization of each building (every building, except the address is still the name);
- Activate the application of settled earlier disputes (if any) relating to the building.
Documents are usually certified by a notary.
The procedure for purchasing property for non-residents:
Under current law, and in particular Article 2 of regulating the circulation of money, any resident in the territory of Morocco has the right to open a special term convertible accounts to which the investor makes money transfer, and that after the conversion of currency in the Moroccan dirham (present rate of EUR 1 / 9 AED) has the right to make payments on the territory of Morocco in its sole discretion, including to purchase real estate.
Article 1 states that the purchase of real estate does not require additional approvals from the Foreign Exchange Centre. Account holders have the right to freely transfer funds to residents and nonresidents, as well as Moroccan nationals abroad.
Article 3 guarantees investors full freedom of investment operations, free transfer of income generated.
Investors are required in the 6-month period, beginning with the implementation of investment transactions, send Monetary center report of the fact that this operation, either directly or through a bank to record the transaction.
 Taxes additional costs associated with the acquisition of real estate depends on the type of acquired objects:
1. Registration Tax:
2,5% of the cost for residential
5% of the cost for commercial real estate
2. Land tax:
1% of the cost for all types of real estate
3. Notary fees:
1,5-2% of the value of property
City Taxes (rental):
1. The first 5 years of income from the rental is not subject to Taxation for new buildings;
2. The first 5 years of income from the rental is subject to Taxation of 2% for the secondary real estate market;
3.After 5 years of income from the lease shall be subject to Taxation in the amount of:
from 0 to 300 euros = 0%
from 301 to 600 euros = 10%
from 601 to 1200 euros = 16%
from 1201 to 2400 euros = 20%
from 2401 to 3600 euros = 24%
from 3601 to 6000 euros = 28%
... From 6000 Euros = 30% .0
Tax on resale of property = 20%
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Buying Property - Morocco