Morocco Property Forum - Property investment in Morocco - View Single Post

Shawaz · 21-09-07, 11:15 AM

This thread has got me very concerned... I am seriously considering buying in the country at the moment but am yet to decide on location and type of property I will purchase. I was under the impression that I could just pay for part of my property from the UK and the rest from Morocco once I’d opened a bank account. If in the future, I sold my property, I was hoping to pay the relevant tax due and then repatriate any profits either back to the UK or put them into another investment back into Morocco or another country.

I have since spoken to a Moroccan solicitor this morning and have been informed that the only way to guarantee the repatriation of funds is to purchase the property through a bank account in Morocco, which will show a trace of all the transfers. Somehow, I’m not too convinced with this answer as I have also read in a few places that the government allows 100% repatriation of funds to UK buyers. I’m about to make some further enquires, especially with the Moroccan Embassy and will post my findings on the forum sometime soon.

21-09-07, 11:15 AM	#9 (permalink)
Shawaz Junior Member Join Date: Sep 2007 Posts: 3	Re: Repatriation of funds This thread has got me very concerned... I am seriously considering buying in the country at the moment but am yet to decide on location and type of property I will purchase. I was under the impression that I could just pay for part of my property from the UK and the rest from Morocco once I’d opened a bank account. If in the future, I sold my property, I was hoping to pay the relevant tax due and then repatriate any profits either back to the UK or put them into another investment back into Morocco or another country. I have since spoken to a Moroccan solicitor this morning and have been informed that the only way to guarantee the repatriation of funds is to purchase the property through a bank account in Morocco, which will show a trace of all the transfers. Somehow, I’m not too convinced with this answer as I have also read in a few places that the government allows 100% repatriation of funds to UK buyers. I’m about to make some further enquires, especially with the Moroccan Embassy and will post my findings on the forum sometime soon.