Morocco has established laws and regulations governing foreign land and property ownership. Here are some key points to consider regarding foreign land and property ownership in Morocco, along with potential capital control implications:

1. Land Tenure System:

   • Morocco operates a system of land tenure that includes various forms of ownership, including collective land (Soulaliyate land), state land, and private land. The majority of land in Morocco is held as collective land and owned by the state.

2. Foreign Ownership of Land:

   • Foreign individuals and entities are generally allowed to own property, including residential and commercial real estate, in Morocco. However, there may be restrictions on owning certain types of land, such as agricultural land, which is often reserved for Moroccan citizens. Regulations regarding foreign property ownership can vary based on the nature and location of the property.

3. Property Purchase Process:

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   • The process of acquiring property in Morocco involves legal formalities, which may include notarization and registration. For foreign investors, it is advisable to work with a local notary and attorney to navigate the process.

4. Capital Control Implications:

   • Morocco has foreign exchange controls in place that can impact the repatriation of funds from property transactions. The country's central bank, Bank Al-Maghrib, oversees foreign exchange regulations.
   • Foreign investors may face restrictions on transferring sale proceeds and rental income out of the country, and the process may involve documentation and approvals.

5. Legal Advice and Due Diligence:

   • Legal advice and due diligence are essential when investing in Moroccan real estate to ensure compliance with local laws and regulations and to manage potential risks.

6. Investment Promotion:

   • Morocco has actively promoted foreign investment, including in the real estate sector. The country offers incentives and programs designed to attract foreign capital.

7. Land Rights and Titles:

   • In Morocco, land rights and titles are crucial factors to consider when investing in real estate. It's essential to ensure that land titles and rights are properly secured.

8. Lease Terms and Duration:

   • Foreign investors typically enter into leasehold arrangements for land when direct ownership is not permitted. The terms and duration of these leases can vary based on individual agreements.

It's important to stay informed about any changes in Moroccan laws and regulations, as well as any updates to capital control policies and foreign exchange regulations. Consulting with legal professionals, financial institutions, and relevant government authorities for the most up-to-date information is advisable when considering real estate investments in Morocco. Additionally, be aware of the specific limitations and conditions associated with foreign property ownership, and ensure that you are in compliance with local laws and regulations.