Special Economic Zones in the OIC Region:
Learning from Experience
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initiative, which is orientated around three central components including an attractive
incentives framework.
Fiscal Incentives
Fiscal incentives include:
 Exemption from customs duties and VAT;
 Exemption from registration fees and stamp duty on capital and land acquisition costs;
 Exemption from business tax for the first 15 years;
 Exemption from corporate tax during the first 5 years (a fixed rate of 8.75% for the next
20 years);
Non-fiscal Incentives
Non-fiscal incentives include:
 No restrictions on foreign exchange or repatriation of funds;
 No restrictions on local / foreign ownership;
 There are no restrictions on investments – same level of rights protection as elsewhere
in the world; and
 Coherence training program.
Hassan II Fund
The Hassan II Fund is a framework agreement related to support for industrial investment,
signed on the 15th, March 2016, between the Hassan II Fund for Economic and Social
Development (FHII), the Industry Directorate of theMinistry of Industry, Trade, Investment, and
Digital Economy, and the Ministry of Economy and Finance. It is focused on the following
sectors:
 Manufacturing equipment for the automotive industry;
 Manufacture of components and assemblies of electronic subassemblies;
 Manufacturing equipment for the aviation industry; and
 Manufacturing operations related to nanotechnology, micro-technology and
biotechnology.
The Hassan II fund can be used to contribute to:
 Up to 30% of the cost of the building based on a unit cost of 2,000Dh/m 2 ;
 Up to 10% of the cost of acquiring new capital goods (excluding the import duties and
taxes); and
 Up to 30% of land acquisition costs.