Morocco

No. Morocco has no residency-by-investment or citizenship-by-investment programme of any kind. What exists is an ordinary retiree carte de séjour for non-working residents, with no published statutory minimum income, and separately the Casablanca Finance City corporate regime. The genuine attraction is fiscal, not a designed migration product. It is an 80% reduction in income tax on repatriated foreign pensions, wrapped around the strongest passport in North Africa at 72 destinations.

Article 76 of the Moroccan CGI gives an 80% reduction in income tax on foreign-source pensions that are duly repatriated to Morocco, and it survives in 2026. It stacks with the general pension deduction, 70% on the first MAD 168,000 and 40% above that, producing an effective rate on foreign pension income in the region of 5-8%. The condition is real. The pension must actually be brought into Morocco in non-convertible dirhams. Money that stays offshore gets no relief, and dirhams are not freely convertible back out.

No, and this claim gets sold to people who should know better. Finance Law 2025/2026 fully exempted pensions from Morocco's domestic schemes, CNSS, CMR, RCAR and CIMR, starting 1 January 2026. But those are domestic schemes only. Foreign-source pensions are not covered. They still rely on the Article 76 80% reduction. At least one prominent advisory site markets this as a total exemption from 2026, which is simply false for foreign retirees. Do not confuse the domestic-scheme exemption with your own overseas pension.

Morocco is not a permanent CRS holdout. The OECD's 22 May 2026 commitments table records that Morocco committed to exchange in 2025 but has not yet done so, and it names 2028 as the year exchange is expected to begin. Plan on automatic exchange being live by 2028. Do not treat Morocco as a jurisdiction that will simply never report.

Not any more. CFC was substantially reformed under OECD pressure. Corporate tax converged from 15% to 20% after the initial five-year exemption, ring-fencing was removed, and grandfathering of the old regime ended on 31 December 2022. Anyone quoting 15% is working from pre-reform material. The regime survived the OECD Forum on Harmful Tax Practices review, which as of February 2026 finds it no longer harmful in its amended form. It still offers five years at zero corporate tax, no withholding on dividends to non-residents, and a flat 20% personal rate for up to ten years for the executives who run it. But substance in Casablanca is now the whole test.

No. The Moroccan regime for banks and holding companies in offshore zones, the Tangier Offshore Financial Centre under Law 58-90, was abolished with no grandfathering. This is recorded by the OECD Forum on Harmful Tax Practices. Activity was consolidated into Casablanca Finance City from around 2017, which was then itself reformed. The Tangier offshore company still turns up in structuring proposals, but it does not exist. CFC requires genuine Moroccan substance rather than serving as a drop-in offshore wrapper.

Naturalisation requires five years' legal residence, two for spouses of Moroccans, good conduct and demonstrated integration capacity. Arabic and integration are assessed in practice. But it is granted by Royal decree. It is genuinely discretionary, slow, and not something to build a plan around. A 10-year residence card comes after roughly four years' continuous legal residence, three if married to a Moroccan. Morocco allows dual citizenship, so the passport is additive if you do obtain it.

Morocco applies a rolling 365-day residence test, not a calendar year. 183 days in any period of 365 days makes you resident. That is a subtler trap than the usual rule, and it catches people who split calendar years carefully. Once resident, you are taxed on worldwide income at up to 37% (top rate above MAD 180,000). The pension abatement is narrow. Your dividends, interest and capital gains get no such treatment. So Morocco works best for a retiree with a large defined-benefit pension and little other taxable income.