Investment in Morocco & Agadir

The kingdom of Morocco enjoys a very strategic location, which makes it an interesting destination for large corporate foreign investors as well as being a nice place for spending a relaxing and enjoyable vacation either individually or with the family. Morocco is amazingly closed to Europe only 14 kilometres away, linked to Atlantic Ocean and the Mediterranean Sea and the Sahara in the South with diversified moderate climate during all seasons through out the year. Morocco over the recent years has developed rapidly within its commerce and business sector creating great opportunities for investments in new projects that are constantly taking place everywhere all over the country.

Morocco is endeavoring for economic, social and development. This is initiative is led by the king who launched The National Human Development Initiative Project for Morocco to assist the government to make sustainable development, by strengthening the infrastructure of tourism, transportation, and communication, endorsing local and foreign investments in all sectors, improving living standards of the population and also its academic and professional qualification.

In the south, we find Agadir city as an exciting modern city already suitable for investment activities in various sectors of the industry and agriculture for example the property development sector. These developments attract many investors locally and internationally due to the reasonable sale value in Morocco which can still be purchased at suitable prices and owners can enjoy the exotic atmosphere, stunning natural beauties and the good neighborhood. Numerous choices of property types are offered exclusively in this magical place, whether you are looking for beachfront property or golf course area or something in between, this is the right time to find the ideal investment property in Agadir for both investment and lifestyle.

The experiences of many investors who purchased properties in Agadir have been a positive, because of the big gain in the value of their real estate investment. Many foreigners have chosen Agadir as their new home. There are large global tour operators that attract huge numbers of tourists which injects massive amount of capital to this beautiful part of the country. The government’s objective is to promote the number of tourists to around 10 million visitors per year by the year 2010, hoping that the income gained from tourism will then be risen to more than 20%.of the current national figures.

Why Investing in Agadir

After the earthquake of 1960, Agadir’s city infrastructure has become very strong using the latest architectural techniques, since the king emphasized on rebuilding the city in a way to protect its citizens from experiencing another dramatic event by future. After 40 years of hard work, Agadir now is a fabulous city with all measures; the hard work is going on in a progressive way. On the other hand, the government is actively encouraging foreign investors as it has made a number of changes in the investment laws and established a regional investment centre to create an attractive investment climate for these foreigners who would like to make long term commitment to the economy of Morocco. This country welcomes all the foreign initiatives that go in accordance with its privatization programs, and removes all the obstacles which may stand in the way of progress.

Agadir the capital of Souss-Massa-Dra region is an attractive city, takes the interest of gulf countries, investors from UAE, Kuwait, Saudi Arabia and Qatar are targeting this area for lucrative business affairs. In this respect, the low capital gain tax in Morocco seems to further endorse these exotic investors to the Agadir region including no inheritance tax. Also the city includes Al Massira international airport served more than million and half passengers. In later years, Agadir and its tourism boomed, having new flights arriving to Al Massira from new airports from the United Kingdom and Ireland, The Agadir International Airport also participates in the internal air transport among cities like Marrakesh, Rabat, Casablanca, Fes, Nador and Tangier. Travelling by train in Morocco is a comfortable way to get around.

The train network in Morocco is not very extensive but it covers the major touristic destinations, the railway stops at Marrakesh and the buses continue the road with travellers towards Agadir. New projects are connecting Agadir to Tangier by train. American and European citizens can stay in Morocco for a period of three months without a visa. A residence permit is required to remain in Morocco for more than three months. Resident foreigners who wish to travel outside the country and return to Morocco must apply for a return visa that is valid for one year. Investing in Agadir city would be an interesting opportunity for those who will take the initiative first in business and then those who are interested in relaxing and enjoying life.