MDM Account and Repatriation of Funds to Morocco: Complete MRE Guide 2026

The MDM (Marocains du Monde) account is a Moroccan bank account in convertible or non-convertible dirhams, open to MRE. It allows free repatriation of funds to the country of residence, enjoys tax-exempt interest, and simplifies transfers to Morocco.

You can open an MDM account at a branch during a stay in Morocco, or by proxy through a relative with your documents. Some Moroccan banks (CIH, Attijariwafa, BMCE) now offer partially online opening for MRE.

There is no fixed annual ceiling for repatriating funds from an MDM account in convertible dirhams, in accordance with Office des Changes rules. The funds must have been initially imported in foreign currency.

Yes, interest on convertible dirham deposits in MDM accounts is exempt from income tax in Morocco. However, they may remain taxable in your country of residence according to local tax rules and the applicable bilateral convention.

The convertible dirham (DC) account allows free repatriation of funds abroad and is funded by foreign currency transfers. The non-convertible dirham (DNC) account is funded by Morocco-generated income (rent, salaries) and does not allow free repatriation.

Yes, funds held in an MDM account can directly finance property purchases in Morocco. Any capital gains on resale and the sale price can then be freely repatriated if the property was initially paid for in foreign currency.

Yes, funds from an MDM account in convertible dirhams can be transferred to the MRE's bank account in any country, without geographic restriction, in accordance with the IGOC provisions in force.