The number of companies created in the Moroccan kingdom reached 433 during the month of January 2023, according to the Moroccan Industrial and Commercial Property Office

Marruecos: impulso econ贸mico con 433 nuevas empresas en enero

photo_camera PHOTO/FILE - Moroccan company

During the first month of 2023, Morocco created 433 new companies, most of them incorporated by natural persons (277). These companies are mainly engaged in the construction industry, machinery manufacturing, trade, tourism and financial services. On the other hand, the number of legal companies also increased, with a total of 156. The Moroccan Industrial and Commercial Property Office (OMPIC) has stressed that this upward trend is a reflection of the growing confidence in the Moroccan market. 

There are several reasons why Morocco has experienced an increase in the number of companies created. First, the Moroccan government has implemented several programmes to stimulate economic growth. These programmes include encouraging foreign investment, improving infrastructure, reducing bureaucracy and modernising labour legislation. This has created a favourable environment for the development of new enterprises. Secondly, the country has benefited from the opening of its borders to immigration and has led to an increase in the young and entrepreneurial population who have taken the opportunity to set up their own businesses. Many of these entrepreneurs have helped drive the country's economic development. Finally, the development of new technologies has also contributed to this boom in the Kingdom. New technological advances have facilitated the creation of low-cost businesses, which has enabled many people to start their own businesses. 

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This dashboard shows that the commercial sector is the most important sector in terms of its share in the economy. This is because it is a sector that generates a large number of jobs as well as contributing to wealth generation. 

The second most important activity is construction and public works, with a share of 17.71%, which is important because it contributes significantly to infrastructure development and increased demand for housing. The list continues with miscellaneous services (15.68%), industry (7.38%), transport (5.17%), hotels and restaurants (3.51%), the information and communication technologies sector (1.11%), agriculture and fishing (1.11%) and financial activities (0.55%), each with a relatively small share in the regional economy. 

Statistics show that the majority of businesses created in Morocco have the legal form of single-person SARL-AU, indicating a trend towards the creation of smaller, less capital-intensive businesses. This data reflects the preference of Moroccan entrepreneurs for the SARL-AU legal form for setting up businesses, as it offers entrepreneurs the possibility of limiting their liability to the amount of capital they have invested in the business, which helps them to reduce the risk of being liable for debts. It is also a simpler and less costly way to set up a business. 

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The data also show that Nador is the region with the highest number of business start-ups. This is probably due to its geographical location close to major cities such as Oujda, and across the border from Algeria, making it an ideal location for entrepreneurs. All in all, the data reflect the support of Moroccan entrepreneurs for the SARL-AU legal form. Nador is the region with the highest number of company start-ups, with 217, followed by Oujda (126) and Berkane (46). There are several reasons that have contributed to the increase in the number of businesses created in the North African country. These reasons include the modernisation of labour legislation by the government, increased immigration, and the development of technology. These factors have contributed to stimulating economic growth and modernisation in the country, allowing many people to start their own businesses.

The number of companies created in Morocco reached 433 companies during the month of January, demonstrating the growing success of entrepreneurial initiatives in the country.