INVEST IN MOROCCO - FIDUCIAIRE BRIGHTEN

Minimum Legal Wages

Sectors	Minimum Legal Wages
Trade and Industry	13.46 Dhs per hour
Agriculture	69.73 Dhs per day

Source: Ministry in charge of Employment and Vocational Training

Social Security Charges

Category of Benefits	Calculation Basis	Employers' Contribution Rate	Employees' Contribution Rate	Global Rate
1. Family benefits	The total real salaries paid out during the period (months/quarter)	6.40%	-	6.40%
2. Short-term Social benefits	Total of capped salaries (each capped at 559€)	1.05%	0.52%	1.57%
3. Long-term Social benefits	Total of capped salaries (each capped at 559€)	7.93%	3.96%	11.89%
4. Mandatory Health Insurance	The total real salaries paid out during the period (months/quarter)	4.11%	2.26%	6.37%
5. Vocational Training Tax	The total real salaries paid out during the period (months/quarter)	1.6%	-	1.6%

Source: Ministry in charge of Employment and Vocational Training

* Including a 0.57% relative to the severance pay/indemnification which is broken down as follows: employer's contribution is 0.38% and the employee's contribution is 0.19%

Power Rates

Cities

Power demand charge (in € exclusive of taxes per KVA/year)

KWh (in €, exclusive of taxes)

Casablanca

34.83

Low power-consumption hours	High power-consumption hours	Peak hours
0.0440	0.0674	0.1025

Rabat

29.75

Low power-consumption hours	High power-consumption hours	Peak hours
0.0422	0.0644	0.0977

Tangiers (Free-trade area)

29.70

Low power-consumption hours	High power-consumption hours	Peak hours
0.0405	0.0582	0.0845

Power Consumption Periods:

Low power-consumption periods: October-March 22:00-07:00; April-September: 23:00-07:00

High power-consumption periods: October-March 07:00-17:00; April-September: 07:00-18:00

Peak power-consumption periods: October-March 17:00-22:00; April-September: 18:00-23:00

VAT: 14%

Source: Lydec, REDAL, and CRI Tangiers

Water Rates

Usage	City	Flat Fee (in €, exclusive of taxes/month)	Price (in €, exclusive of taxes/cubic meter)
Industrial Use	Casablanca	1,333	0,717
Industrial Use	Tangiers (Free-trade area)	0,791	0,502
Hotels	Casablanca	1,333	0,622
Hotels	Tangiers (Free-trade area)	0,791	0,831

VAT: 7%

Source: Lydec and CRI Tangiers

Sanitation Rates

Usage	City	Flat Fee (in €, exclusive of taxes/month)	Cubic Meter Price (in €, exclusive of taxes)
Industrial Use	Casablanca	2,400	0,400
Industrial Use	Tangiers	1,333	0,245
Hotels	Casablanca	0,533	1-8 cubic meters = 0,081 9-20 cubic meters = 0.157 More than 21 cubic meters = 0,312
Hotels	Tangiers	0,361	0,831

VAT: 7%

Source: Lydec and CRI Tangiers

Telecommunication Tariffs

Debit	Rates
ADSL	4 Mega 9.23€
	8 Mega 13.89€
	12 Mega 18.55€
	20 Mega 46.51€
Optical Fiber	50 Mega 55.92€

Source: Operators websites

STEPS FOR INVEST IN MOROCCO

An overview of the main production costs in Morocco