Fees during the buying process
| Stamp duty | 2.5% |
|---|---|
| Legal fees | 1.1% |
| Notary fees | 0.5% |
| Land registry | 1.5 to 2% |
| Dispatch fees | About 500 DRh or €30 |
| Misc (certificates) | About 500 DRh or €30 |
- In general you should budget for about 5% over the purchase price.
- In Morocco VAT is charged on all new build properties at a rate of 14%.
- For resale properties VAT is not applied.
- In addition on some new resort developments there will be ongoing running costs of around €90 - €110 per month, including utility, maintenance and management charges.
Moroccan Bank Account
It is a requirement to open a Moroccan convertible Dirham Bank Account. Morocco Properties Ltd can arrange this for you.