Open a Business Account in Morocco: The Complete Guide

Published on October 4, 2025 and written by Cyril Jarnias

Opening a business bank account is a crucial step for any company looking to establish itself in Morocco. This process, although relatively straightforward, requires careful preparation and knowledge of the specific requirements of the Moroccan banking system. In this article, we will explore in detail the steps to follow, the required documents, and the best banking options for entrepreneurs in Morocco.

Keys to Opening a Business Bank Account in Morocco

Opening a business bank account in Morocco is an essential procedure for any company, whether newly created or already established. This account will allow you to effectively manage your cash flow, facilitate your commercial transactions, and benefit from banking services tailored to your professional needs.

To open a business bank account in Morocco, here are the main steps to follow:

• Choose the bank that best fits your needs
• Schedule an appointment with a banking advisor
• Prepare all necessary documents
• Visit the branch to finalize the account opening
• Make the required initial deposit

It’s important to note that Moroccan banks have the right to refuse to open an account, even if all documents are in order. That’s why it’s recommended to prepare thoroughly and choose a bank suited to your business.

The Perfect File: Essential Documents to Open Your Business Account

To open a business bank account in Morocco, you’ll need to provide a number of documents. Here’s the list of items generally required:

• Duly registered company bylaws
• Certificate of registration with the Trade Register (Model 7)
• Minutes of appointment of the manager or general director
• Copies of identity documents for directors and authorized signatories
• Proof of business address (lease agreement or property title)
• Certificate of registration for professional tax
• Tax identification number (IF)
• Signature specimen of persons authorized to manage the account

It’s crucial to prepare all these documents in advance to avoid any delays in the account opening process. Some banks may request additional documents depending on the nature of your business or your legal status.

From A to Z: The Detailed Procedure to Create Your Business Bank Account

The procedure for opening a business bank account in Morocco generally unfolds as follows:

1. Choose your bank: Compare offers from different Moroccan banks to find the one that best fits your needs.

2. Schedule an appointment: Contact the branch of your choice to set up an appointment with a business advisor.

3. Prepare your file: Gather all required documents mentioned previously.

4. Meet with the advisor: During the appointment, present your project and submit your complete file.

5. Sign the documents: If your file is accepted, you’ll need to sign the account agreement and various forms.

6. Make the initial deposit: Deposit the minimum amount required to activate your account.

7. Receive your payment methods: Once the account is opened, you’ll receive your online banking credentials, your checkbook, and your business bank card.

The timeframe for opening a business bank account in Morocco can range from a few days to several weeks, depending on the complexity of your file and the bank’s responsiveness.

Top 5 Moroccan Banks: Benefits and Offers for Businesses

Here’s an overview of the main Moroccan banks and their benefits for businesses:

1. Attijariwafa Bank – Extensive network of branches and ATMs – Various financing solutions – High-performance e-banking platform

2. Banque Populaire – Specific offers for SMEs and startups – Personalized support for entrepreneurs – International trade services

3. BMCE Bank of Africa – Strong international presence – Innovative digital banking solutions – Support programs for young entrepreneurs

4. Crédit du Maroc – Expertise in cash management – Offers tailored to liberal professions – Leasing and factoring solutions

5. Société Générale Maroc – Expertise in financing large projects – Premium banking services for businesses – Extensive international network

Each bank has its specific features and advantages. It’s recommended to carefully compare offers and choose the one that best fits your industry and development plans.

Expert Tips for a Successful Account Opening

To maximize your chances of success when opening your business bank account in Morocco, here are some expert tips:

• Prepare a solid business plan to present your activity
• Anticipate the banker’s questions about your business model and financial projections
• Be transparent about your financial situation and that of your company
• Compare offers from several banks before making your choice
• Negotiate banking fees and your account conditions
• Make sure you fully understand all contract terms before signing

Don’t forget that your relationship with your bank is crucial for your company’s development. Choose an institution that understands your industry and can support your growth.

By following these steps and preparing adequately, you’ll be able to open your business bank account in Morocco under the best conditions. This account will be an essential tool for effectively managing your company’s finances and facilitating your commercial transactions in the kingdom.