The Moroccan State subsidises up to 10% of your investment via the MDM Invest programme, capped at 5 million dirhams. Designed specifically for MREs with job-creating projects, this scheme is one of the most advantageous available. Here's how to benefit from it step by step.
Understanding the MDM Invest programme
MDM Invest is a public programme managed by Tamwilcom (formerly CCG) which grants an investment premium of 10% of the total project cost, capped at 5 million DH. The premium is paid in 2 instalments: 50% upon actual commencement of works, 50% after creation of planned jobs. Priority sectors are: industry, high value-added services, tourism, technology, agriculture. Residential property investment is expressly excluded from the programme.
💡 Tip — The MDM Invest grant can be combined with other regional support (preferential-priced land, tax exemptions) from Regional Investment Centres. Factor this combination into your business plan.
Checking eligibility
To be eligible, you must: be of Moroccan nationality and resident abroad for at least 2 years (supporting documents required), make a minimum investment of 1.5 million DH (approximately £140,000), create at least 5 permanent jobs in Morocco within 3 years, and finance the minimum contribution of 25% of the project including at least 10% in foreign currency. The project must be carried out in Morocco, in eligible sectors. Exportable services and tourism projects are particularly well received.
💡 Tip — If your investment is below 1.5M DH, explore regional CRI support — some regions have specific schemes for smaller projects.
Preparing the application file
The file comprises: official Tamwilcom application form (downloadable from tamwilcom.ma), detailed 3-year business plan with financial projections reviewed by a Moroccan chartered accountant, articles of association of the company created or being created in Morocco, proof of residence abroad for 2 years, proof of availability of own funds (bank statements, funds certificate). An incomplete file is automatically rejected — check the complete list on tamwilcom.ma.
💡 Tip — Have your business plan reviewed by a chartered accountant or adviser registered with the Order of Chartered Accountants of Morocco — Tamwilcom requires a precise level of financial detail.
⚠️ Warning — An non-credible business plan or one presented without a chartered accountant is systematically rejected during assessment. Do not underestimate this step.
Submitting and tracking the application
Submission is made directly at Tamwilcom counters in main Moroccan cities, or online at tamwilcom.ma according to current procedures. File assessment takes 6 to 10 weeks. A Tamwilcom account manager will be assigned to you for follow-up. The premium is granted by decision of the Management Committee — you will receive a letter of agreement or reasoned refusal. In case of refusal, you may submit a supplementary file.
💡 Tip — Make an appointment with a Tamwilcom adviser before submitting your file — they can indicate points to strengthen and avoid a foreseeable refusal.
Combining with regional CRI support
In parallel with MDM Invest, Regional Investment Centres offer complementary advantages: industrial land at preferential prices, tax exemptions (IS, patente) for 5 years, administrative support for authorisations. These aids are granted by investment agreement signed with the relevant CRI. The MDM Invest + CRI combination can significantly reduce the overall cost of your project. Some regions (Tanger-Tétouan, Casablanca-Settat, Souss-Massa) are particularly active.
💡 Tip — Contact the CRI of the region where you wish to invest even before submitting your Tamwilcom file — they can direct your project towards zones benefiting from the best incentives.
❌ Common mistakes to avoid
- ✕Not having the business plan reviewed by a Moroccan chartered accountant — main cause of file rejection
- ✕Including a residential property project — expressly excluded from the MDM Invest programme
- ✕Not maintaining created jobs for the required 5 years — risk of grant repayment
🔗 Official links and resources
❓ Frequently asked questions
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