Quote:
Originally Posted by moneyman  Is it true that if you don't invest your funds through a bank in morocco, then you cannot repatriate the funds during a resale? What are the rules for repatriaton of funds....?
If I buy a property today for £50k, and sell it for £100k in 5 years, how would the finances work...any ideas?
Thanks. |
Hi Moneyman,
From my research it seems that you got it right. All profits can be repatriated on the condition that investment can be traced back by the exchange commission. This can be achieved only by investing through funds deposited in a Moroccan bank account.
Hope this helps even if it probably confirms what you didn't want to hear.
Kind regards,
Prolan