Dakhla Property Tax & Capital Repatriation: 0% Tax for 5 Years & Office des Changes Guide

For international investors and private funds, tax efficiency and capital liquidity are as vital as physical asset appreciation. In Dakhla, Morocco’s strategic Southern Provinces development mandate combines aggressive tax holidays under the Special Economic Zone (ZET / ZFE) framework with ironclad foreign exchange convertibility guarantees governed by the Moroccan Foreign Exchange Office (Office des Changes).

1. The 4 Pillar Tax Incentives in Dakhla (ZET Framework)

2. The Office des Changes Convertibility Regime (Répétition / Rapatriement)

Under Article 15 of Moroccan Investment Law and the Circulars of the Office des Changes, foreign non-resident investors are protected under the Convertibility Regime (Régime de Convertibilité).

How It Works in Practice:

1. Foreign Currency Inward Transfer: Funds are transferred into a Moroccan convertible dirham account or directly into the certified Notary Escrow Account (Compte Notaire CDG).
2. Formule F2 Certificate: Your bank or notary generates an official Formule F2 certificate of foreign currency importation.
3. Unrestricted Repatriation: Upon future sale or rental yield collection, the bank converts funds back into foreign currency and wires 100% of capital and gains internationally.