Transformation of real estate companies into OPCI : How to prepare the use of this new vehicle in Morocco?

Business insights

Efficiencies of organisations

Investment Services & Asset Management


Regulatory And Compliance



In Morocco, now that law n°70-14 is applicable and that recent experience allows us to draw the first positive returns, several real estate companies are asking themselves the major question of whether it is optimal to transform into an OPCI. Indeed, the OPCI system offers an incentive regime with more attractive tax benefits than the real estate company system.

In this convincing note, we first recall the role of real estate companies and the interest of their transformation. Then we review the tax regime of OPCIs in France and finally we share our convictions on the actions to be taken by Moroccan actors in order to fill the legal and tax gap related to the issue.


Yassine Berraoui

Senior Consultant

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