Foreign exchange regulation

Foreign exchange regulations are of particular importance to Moroccan and foreign investors alike, in an environment where entrepreneurs have to cope with the demands of an ever-changing international market and seize the opportunities that are emerging at both the domestic and international level.

It is crucial to factor foreign exchange regulations into their investments and day-to-day operations, especially as failure to comply with regulations can expose them to significant financial risks.

SFM Conseil has been working with the Moroccan Foreign Exchange Office for many decades, assisting and advising domestic and foreign investors on their investments and transactions, drawing on its extensive knowledge of the Moroccan Foreign Exchange Office's regulations and the recognized and proven wealth of experience of its experts in foreign exchange advisory services.

SFM Conseil assists Moroccan and foreign entrepreneurs in their efforts to comply with current regulations and/or in meeting their reporting obligations.
    
The firm assists Moroccan investors in setting up their foreign investments with approved intermediaries, whether this involves acquiring a stake in the capital of a foreign company, setting up a company abroad, or opening a representative office or branch outside Morocco.

SFM Conseil works with foreign investors in Morocco to secure transfer and regulatory transfer guarantees:

• under their contractual arrangements with foreign countries, such as brand licenses and one-off or ongoing technical assistance.
• for their foreign investments financed by the transfer of foreign currency.
• for income (dividends) and proceeds from the sale or liquidation (sale price, bonus) of foreign investments
• to set up and repay current account advances financed in foreign currencies
• for capital increases subscribed and paid up by transfers from abroad, or by consolidation of current account receivables financed in foreign currencies
• for funds due to non-resident beneficiaries as part of the devolution of the estate of a foreigner or Moroccan resident abroad.

SFM Conseil can assist with specific applications: preparing, filing and defending arguments with the Moroccan Foreign Exchange Office.

SFM Conseil also guides its clients through litigation, whether it involves a seizure, a letter, a claim or an inspection by the Moroccan Foreign Exchange Office, in which SFM Conseil can step on board from the start of the inspection right through to the resolution of the dispute.