Suárez de la Dehesa, LAWorld’s law firm in Madrid, Spain, was the first Spanish law firm to open an office in Tangier, Morocco back in 2006.
Karim Chaoudri, Head of the Tangier office and experienced in both Spanish and Moroccan law explains " We coincided the opening of our new office with the increase in the real estate market and the growth of commercial projects promoted by the Spanish government".
Suárez de la Dehesa advises mainly Spanish and Portuguese companies that want to do business in Morocco. "This is a difficult market and lawyers are as necessary here as when a business enters any other emerging market. In fact, foreign companies without suitable legal aid are usually forced to leave the country without obtaining the awaited benefit." says Chaoudri. Law firms consider that Morocco is a door to enter the African continent. "Morocco has much to offer, including political stability (which became clear during the recent revolutions in many nearby countries) and its economic growth (up to 3,7% in 2010). Also, the government encourages major investments in infrastructure and the country is in a privileged situation to carry on business with Africa and the Middle East".
Does Morocco offer any encouragement to foreign investors?
Morocco welcomes foreign investors to set up business here and benefits include:
• Excellent geographical situation because of its proximity to the European Union
• Political stability
• Progressive liberalization of the economy
• Continuous opening to international markets
• Legal framework favourable to foreign investment
• Lower employee costs
• A solid legal system which work in a quick, modern and effective way.
• The Moroccan government offers several tax advantages to investors in general and to foreign investors in particular.
Suarez de la Dehesa plans to consolidate their reputation as the law firm of reference to foreign clients who want to invest in Morocco. For more information on doing business in Morocco, please contact Karim Chaoudri on This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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