Starting a business in Morocco

Legal Forms of Companies

Société à Responsabilité Limitée S.A.R.L. (private limited company)

Number of partners: 1 minimum and 50 maximum
Capital (max/min): MAD 10,000
Shareholders and liability: Liability is limited to the amount of contributions.

Société anonyme, S.A. (public limited company)

Number of partners: 5 minimum with no maximum
Capital (max/min): MAD 3,000,000 to open a listed public limited companies and MAD 300,000 for a Public Liability company.
Shareholders and liability: Liability is limited to the amount of contributions.

Société en nom collectif, SNC (Partnership)

Number of partners: 2 partners at the minimum
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited.

Société en Commandite Simple, SCS (Limited Partnership)

Number of partners: 2 partners at the minimum
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability of the active partners is unlimited and limited to the amount of contributions for the silent partners.

Société en Commandite par Actions, SCA (Partnership limited by shares)

Number of partners: 3 sleeping partners and one active partner.
Capital (max/min): no minimum capital.
Shareholders and liability: Liability of the active partners is unlimited and limited to the amount of contributions for the silent partners.

Business Setup Procedures

Source: Doing Business - Latest available data.