OPINION:
“Morocco is viewed as safe and well-located destination to set-up African bases and is also seen as one of the most attractive countries in Africa” said Mr Rachid Hilmi, Managing Partner of Hilmi Law Firm.
“Indeed, generally speaking, the obstacles to foreign investment in Morocco have decreased considerably for almost twenty years, and an environment favorable to the expansion of foreign companies to Morocco has been set up. Almost, all the sectors are free and open to US and foreign investors” added Rachid Hilmi (University of Paris Sorbonne, France and University of Aberdeen, Scotland).
“A regime of convertibility is guaranteed for foreign investments realized in currencies in Morocco. The regime of convertibility guarantees to foreign investors, without any prior authorization, the whole freedom for the realization of their operations of investment in Morocco, the realization of incomes produced by these investments and the retransfer of the product of liquidation or transfer of their investments,” added Rachid Hilmi.
Rachid Hilmi, is a member of the Paris Bar since 2002, and is based in Casablanca since December 2005.
He specializes in every aspect of commercial law including international business, corporate and merger & acquisitions. He is actively involved in the private equity sector in Morocco and advises local or US investment funds.
He assisted a local lawyer in representing the US Government in 2007 in the negotiations with the Government of the Kingdom of Morocco within the framework of the US foreign aid program Millennium Challenge Account.
SPECIAL COVERAGE: Morocco 2020
Hilmi Law Firm is dealing mostly with international clients, including many American and European, carrying out their enterprise or making an investment in or through Morocco. “We have a perfect knowledge of the Moroccan business environment. We regularly advise local and US private equity funds, multinationals and local and foreign SMEs” said Rachid Hilmi.
• (contact@hilmilawfirm.com)
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