Rigorous due diligence is the non-negotiable foundation of every successful investment in Morocco. Our checklist — developed over 15 years of investment advisory — covers every material area investors must examine before committing capital.
Legal Due Diligence
Verify corporate legal status at the OMPIC, review all statutory documents and shareholder agreements, check for pending or threatened litigation at the Commercial Court, verify all licences and permits, and confirm clean regulatory standing with tax and social security authorities.
Financial Due Diligence
Review 3 years of audited financial statements, verify bank debt and off-balance-sheet obligations, assess working capital requirements, validate revenue recognition practices, and review tax compliance — particularly any pending tax audits or disputed assessments.
Operational Due Diligence
Assess management quality and key person dependency, review operational processes and systems, verify supply chain integrity and key supplier/customer concentration, review employment contracts and social compliance, and assess the physical condition of assets.
Red Flags to Watch For
Inconsistencies between fiscal and commercial accounting, undisclosed related party transactions, unusual cash flow patterns, informal employment arrangements, unsigned or undated contracts, and missing regulatory authorisations are the most common red flags in Morocco due diligence.
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