| Govt. said to grants 10% subsidy for Moroccan project holders living abroad |
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Casablanca (MAP)- The government will grant Moroccan project holders living abroad a subsidy of 10% of the costs of their projects, Deputy Minister in charge of the Moroccan community abroad, Mohammed Ameur, said on Tuesday. The Moroccan official also revealed that a package of incentive measures have been taken to bring expatriates to invest more in Morocco by setting up attractive promotion mechanisms, cutting fund transfer fees and providing administrative and social support. In this respect, Moroccan banks will provide, until the end of 2009, free of charge services on fund transfer operations by Moroccan expatriates. Morocco's banks will also apply the lowest exchange rate and will expand their networks abroad. In the real estate sector, the Moroccans living abroad will benefit from the “Damane Assakane” (housing guarantee loan), which can finance the whole cost of either acquiring or building a house. The upper limit of the amount of the loan is fixed at 800,000 Moroccan Dihrams (93,730 dollars) on a repayment period of up to 25 years. The Ministry in charge of the Moroccan expatriates and Morocco's flag carrier Royal Air Maroc sealed, on Monday, a partnership under which the expats will benefit from preferential tariffs.
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Comments (2)
Omar
said:
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Wawo give me a break I feel Very astonished by this very false claims 10% & bla bla bla. In reality & in practice things are very bad & ugly out the, be carefull & don't believe this people, total scam & lies. I |
To all Moroccans
said:
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STAY AWAY I JUST GOT BACK FROM DOING MY FIRST AND LAST INVESTMENT IN MOROCCO. DON'T EVEN CONSIDER THE 10% SUBSIDY BECAUSE THEY WILL EAT 110% OF YOUR INVESTMENT RIGHT IN FRONT OF YOUR EYES - KEEP YOUR MONEY SAFE IN THE USA AND "HMED ALLAH" THAT HE GAVE YOU THE OPPORTINITY TO LIVE IN THIS GREAT COUNTRY (THE USA). FROM AN HONEST MOROCCAN TO ALL THE HARD WORKING BROTHERS AND SYSTEMS |
