3 useful tips for a successful business start-up

Would you like to set up your investment project by creating a company?

We invite you to take a look at our top tips to help you make the most of your chances.

1. Choice of legal form

The choice of the company's legal form is an important issue, and needs to be decided objectively before the incorporation process can begin.

While there is no such thing as an ideal legal status, there are a number of criteria that will help you find the one best suited to your situation.

These include:

The number of shareholders in the company,
Activities to be pursued within the company,
The link between a company's legal form and its directors' liability,
Freedom of management or administration within the company ...

2. Determining the amount of share capital
How much should you invest in the capital of your new company? Here's a question that needs clarification.

As with the previous question on choosing a company's legal form, determining a company's share capital is by no means an easy task.

It plays an important role in the smooth running of the company, especially at the start-up stage, as it helps to reassure the company's partners (customers, suppliers, bank, etc.) and enhance its credibility in their eyes.

It is all the more important in that it has significant economic consequences.

For all these reasons, it is essential not to take the determination of the amount of your share capital lightly, even though some forms of company set no minimum.

It's a good idea to know what's at stake in your project beforehand, and to consider the needs of your company at this crucial stage of business creation.

3. Choosing a tax advisor

To avoid the numerous impacts, not only for your company but also for you personally, the support of a legal and tax advisor is essential.

In view of our experience in this field, as a tax and legal accounting firm, we can help you set up your investment project by providing you with advice tailored to your needs, and by drawing up financial plans that will enable you to plan for the years ahead.

Should you require any further information on this subject, please do not hesitate to contact our legal and tax team.

Faithfully yours,

Ilham Taha-Bouamri
Chartered accountant and tax specialist

Pay just one tax by opting for the single business contribution system!

The CPU regime : a new fiscal era!

In this article, we'll take a look at the new CPU regime, alongside the auto-entrepreneur regime and the simplified income regime. The single professional contribution is therefore the third optional regime, which any individual with sales within certain thresholds can certainly activate when the activity is not expressly excluded.

  • Sales ceiling
    Article 41-II CGI

- 2,000,000 DHS for commercial, industrial and craft activities;

-500,000 DHS for the provision of services

  • Rates
    Article 73-II-6
    - CPU = (Sales x Applicable coefficient) x 10 % + Additional duty

 

- The scales for the applicable coefficient (20%) and the complementary duty according to the Single Professional Contribution, for example:

  • CA declaration deadline

Article 82quater CGI

- In addition, you are required to file an annual tax return for the sales generated by each activity, and to pay the tax spontaneously, no later than April 1 of the year following the year in which the sales were generated.

  • VAT
    - Sales and deliveries as-is are not subject to VAT for traders whose turnover for the previous year was less than two million (2,000,000) dirhams;
    - Small service providers with annual sales of five hundred thousand (500,000) dirhams or less are taxable by option (at the taxpayer's discretion).

Consequently, a service provider whose sales do not exceed 500,000 dirhams is not liable for VAT. However, they may, if they wish, apply to be subject to VAT.

  • TP/ TSC
    Taxpayers liable for income tax under the CPU system are exempt from TP and TSC.
  • CNSS
    Possible via www.macnss.ma but optional (not mandatory).

The duty supplement included in the calculation of the single professional contribution is intended for social benefits, initially covering compulsory health insurance.

In conclusion, our legal and tax team will be happy to provide you with any further information you may require on the CPU system or other issues.

The accounting firm Fiscal & Légal Team can assist you in accounting, taxation and legal matters, for example:

  • Business start-ups ;
  • Bookkeeping
  • Social Expertise and HRM
  • Legal advice
  • Processing pay slips ;
  • Tax optimization;
  • Outsourcing accounting and tax returns ;
  • Digitization
  • Company support

Faithfully yours,

Ilham Taha-Bouamri
Chartered accountant and tax specialist