The French represent the largest foreign community in Morocco, with 51,008 people registered in the consular registers in 2021. Job opportunities, lower cost of living, or attractive tax policy, the country of the distant sunset attracts.
Living in Morocco is the dream of many Europeans. Between the low cost of living and the sun all year round, the country is increasingly popular with expatriates. The French are among those who choose it the most, since they are the largest foreign community in the country. 51,008 French people were registered in the consular registers in 2021. They would be mainly settled in tourist areas and large cities on the coast.
A country that attracts all age groups
Job opportunities in Morocco are not lacking, which attracts young French people. Several positions of responsibility are accessible in Moroccan, French, or international structures. Particularly in the energy, aeronautics, automotive, and tourism sectors
Once retired, many French people decide to move abroad and Morocco is one of their favorite destinations. If the climate is often the main reason, the financial aspect can also be taken into account when choosing. The cost of living is 40% cheaper than in France, which allows them to take full advantage of their retirement. The tax system is also more advantageous than that of France since it allows anyone living there more than 183 days in the year to obtain a reduction.
An attractive tax policy for businesses
With more than a thousand French SMEs, 100,000 jobs, 700 subsidiaries, and a stock of investments estimated at 15 billion euros, companies from France are at the top of foreign operators in Morocco. Regarding the French Chamber of Commerce and Industry of Morocco (CFICM), it is the largest of the 115 French Chambers of Commerce and Industry internationally, since it counts more than 3750 member companies, according to the Consulate General from France to Fes.
There are also CAC40 companies and French franchises such as Fnac or Leader Price, explain our colleagues from Les Echos. A strategic choice, in view of the country’s tax policy, which allows the company, during the first five years on-site, to be exempt from taxes.
