Free Trade Zones
There is a free trade zone in Tangier in northwestern Morocco. The zone is open to both Moroccan and foreign companies. The companies located in the zone may import goods duty free and are exempt from other taxes. Moroccan labor laws apply to the zone, but few, if any, firms are unionized.
There is also an offshore banking law covering Tangier. Three banks were established under the offshore banking law, although two have ceased operations.
Foreign investors and businesses are operating in the Free Zone established in Tangier. Companies operating in the Free Zone have the right of 100 percent duty-free imports and exemption from most taxes for export production.