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 | Welcome to MoroccoAn ancient kingdom within sight of southern Spain, yet a world apart in terms of culture and tradition, Morocco now offers an astonishing variety of property for the international investor.
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Getting to Morocco
One of the issues with the earliest development in Morocco was the transfer time from the nearest international sirport. Thankfully this is now changing with the low cost carriers opening up new routes closer than ever to the min resorts
Properties available in the following locations:
Investment in Morocco
Morocco is serious about tourism as the country& rsquo s primary export for the future.
The Moroccan Government has embarked on a national tourism strategy that aims to increase the number of foreign visitors from 2.2 million currently to 10 million by 2010.
The Moroccan Government has guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 kms of new roads, increasing internal and international flights, and developing new regional airports.
Morocco now has an & lsquo Open Skies& rsquo flying agreement with the EU which means that cheap European flights have already started to fly into Morocco.
- Property prices at least 50% less than other European resorts.
- Well-established economy.
- Commitment of the Moroccan Government to membership of the EU.
- Safe Investment & ndash property law is based upon Napoleonic principles with Notary supervised property registration similar to France and Spain.
- 60% mortgages are available.
- Easy repatriation of investment when you re-sell in the future.
- Low property taxes with no rental tax in Morocco for 5 years.
- Capital gains tax initially 20% on profits but after 5 years it falls to 10% and after 10 years it is 0%.
- No inheritance tax if passed to a family member.
- French, Spanish & English widely spoken.
