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Old 21-09-07, 08:43 AM   #8 (permalink)
octanorm
Junior Member
 
Join Date: Sep 2007
Posts: 15
Re: Repatriation of funds

You must open an bankaccount in Morocco in dirhams converibel . In this way all the transfer of money past to the office of change in Casablanca. When you buy a property , the notaire inform the office of change . When you sell you property , the notaire hold the money untill you can prouve that you pay the 20% taxe between the buy price and the sell price. After this you transfer all the money to Europe. The 20% taxe on the profit is a maximum , if you prooof that you don't have profit anyway you will pay a minimum of 3% because the administration knows that you don't give the right figures.
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