| Why Invest
Tax Regime sympathetic to investors
The Moroccan government has implemented a number of changes to the taxation
regime to make investing in Moroccan property attractive to overseas buyers.
These include exemption from certain taxes for a number of years and a
significant reduction in others. There is a double taxation treaty in
place between the UK and Morocco, so where tax is payable youll
only pay it once.
Government Investment
The King has announced Vision 2010, which aims to have Morocco
become a premier destination by 2010 and double tourist numbers to 10
million per annum.
Huge infrastructure improvements underway
The Americans are investing billions in new ports. New airports all around
the country are being opened, all joined by a modern, wide motorway system.
Plus a significant upgrade of the countrys rail system will result
in a high speed link between Tangier and Marrakech.
An undersea tunnel planned to link Spain to Morocco
A Swiss firm has just been appointed to oversee a full technical study
of the link. Depending on the results of this survey it is estimated that
a rail service (similar to the Channel Tunnel) will run through the tunnel
and should be in operation by 2025.
An open skies agreement
An "open skies" agreement has been signed and the Government
guarantees world class airport upgrades by 2010. This opens the way for
budget flights from the UK and Ireland. Ryanair, Easyjet and Monarch have
already announced new routes to begin by this summer and collectively
will eventually fly to 20 destinations in Morocco. At other destinations
this has led to a driving down of flight prices and increasing local property
prices in areas served by the airports.
Huge new developments
Dubai-style developments are underway backed by the worlds
largest developers. These will put Morocco firmly on the destination
map. Other developments are underway that will have to conform to
strict environmental controls, concerning factors such as building height,
that will aim to avoid making the same mistakes as the over-developed
Costas in Spain.
The Celebs are moving in
The Beckhams, Jude Law, George Clooney and Brad Pitt have recently visited
and bought - this is important, it puts Morocco in the media spotlight.
In 2006 newspapers and magazine articles covering Morocco have increased
dramatically and a recent survey by the London consultancy Superbrands
identified Morocco as the second most desirable destination in the world
today.
White sand, huge empty beaches and year round warm climate
With over 1,100 miles of coastline Morocco has plenty of unspoilt beautiful
coastline to enjoy and a climate that appeals - all year round!
Exotic, yet close Morocco is the closest exotic destination
to the UK and Eire and still has great romantic allure. It is also just
35 minutes to Spain and from there 20 minutes to Gibraltar and 45 minutes
to Puerto Banus and Marbella on the Costa del Sol.
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