| Re: Dubai company investing in morocco Mintmagic.
As you are not expected to pay any Tax on rent for five years in Morocco. I dont see the point of it. Although you will pay VAT on the rent and this cannot be claimed by a Dubai company.
To the best of my knowledge, Dubai has no double Taxation treat with any Country. The tax that you pay in Morocco as an income tax or corporate tax could not be claimed back in dubai as a credit.
There is another aspect that is you must note if you raise mortgage in Morocco, you will be asked to service this mortgage with foreign currency. So you will be sitting with the Dirhams that you will earn from your rentals. What are you going to do with them ? perhaps play monoply, as you cannot take them out of Morocco.
If any one has a more concrete & uptodate position to the final paragrapgh. I would like to hear from them. |