Morocco - International Business

Running head: Morocco

With the present government infrastructure in Morocco, the idea of starting a solar base power Company is a very good idea. Morocco’s present government has several new power plant and solar government programs for the people that are presently being put in place. Right now according to the Moroccan Solar Energy Agency (MASEN)

Morocco’s commitment to RE development is being realized in dual paths: the first, a slow but steady effort to build a legal framework with licensing, quality of supply and tariff rules, and the second, an accelerated path to build large solar projects that will go into operation by 2020. To do this, the Moroccan government has established MASEN, an agency dedicated to seeing through 2000 MW solar projects (five different projects are envisioned, with the first plant to be commissioned by 2014). Furthermore, it is responsible for the proper functioning of the energy market and for the elaboration and implementation of a strategy for the development of the energy sector.

It has, among others, a Directorate for Electricity and Renewable Energies (DEER), with divisions for electrical equipment and rural electrification, distribution and electric markets, renewable energies and nuclear safety. The task of the Ministry of Energy, Mining, Water, and Environment (MEMEE) is to develop conditions that ensure energy security and access to energy, for both the rural and urban populations. Along with the above provisions that the Moroccan government is putting in place, the government itself and its new laws in regards to international companies and their taxes and regulatory measures that are presently in place makes this the almost ideal spot for any company to start a company or to expand their company oversees. Here is a look at some of the very lucrative measures that are in place.

Morocco has streamlined its legal framework to improve the business climate by encouraging more investment in the country. The objectives of these measures are:

Simplification and streamlining of administrative procedures:

• Guaranteed transfer of profits and earnings from sales including added values

• Lower cost of investment and taxes levels

• Preferential treatment benefiting export enterprises