Bank Of Africa is deploying temporary banking spaces at several tourist sites this summer. Officially, it’s about making life easier for Moroccans living abroad. But this clientele, already heavily solicited, remains a major commercial target.
Lamine Yamal, of Moroccan origin, is not betting solely on football. At just 19 years old, the Barcelona star has reportedly already begun building a significant real estate portfolio, including family homes and prestigious investments.
Two new tax rules have been applied in Morocco since July 1st. Real estate purchases exceeding 300,000 dirhams paid without traceable means are subject to an additional 2% fee, while a 5% withholding targets certain professional rents.
Marrakech no longer attracts footballers for just a few days of rest. The city has become a playground, padel court and above all a real estate investment hotspot for many former and current players, with prices soaring in certain neighborhoods.
Moroccans who leave Belgium to live in Morocco may still be subject to Belgian tax authorities. A pension, rental income, salary or real estate property in Belgium can still require a non-resident tax declaration.
Tangier authorities are investigating constructions suspected of being built illegally in sensitive areas of the city. The investigations focus notably on Achakar, Rmilat and Mediouna, where real estate pressure has been a concern for several years.
Moroccans living in Belgium who rent a house or apartment in Morocco must be careful with their tax declarations. Depending on how the property is used and the tenant’s profile, simply reporting the property’s existence is not always sufficient.
Commissions from the Inspector General of the Ministry of Interior have launched inspections into cooperative housing projects in Morocco . Several members are denouncing years of waiting, suspicions of mismanagement, and sums paid for housing that was never delivered.
An inheritance between Belgium and Morocco is not always settled solely in the country of death. When the deceased lived in Belgium or still owned Belgian real estate, the Belgian tax authorities may be involved.
Recipients of social integration income in Belgium could face increased scrutiny when they own property abroad. The federal government wants to allow social services centers (CPAS) to hire private detectives in cases of serious fraud suspicion, but Walloon CPAS consider this option extremely costly.
Moroccans in Belgium who own a house or apartment in Morocco must be careful with their tax declaration. Even without rental income, a property located abroad must be known to Belgian tax authorities .
Moroccans residing abroad can finance a significant portion of a real estate purchase in Morocco through bank credit in dirhams. However, the Office of Exchange regulates this possibility, which remains linked to a currency contribution and specific conditions.