Morocco’s economic growth and the foreign direct investments it attracts are luring international insurance companies such as Lloyds, which has recently inaugurated a branch in Casablanca. She said that Lloyds intends to bring its business model to Morocco through working with local businesses, adding that operating from CFC will give Lloyds a platform to expand in the rest of Africa. Lloyds group has obtained CFC status last September, which allows the British firm to operate in Casablanca and sell its services & products to African countries. CFC status entitles privileges to eligible companies, such as attractive tax incentives, a business-friendly environment, and cooperative government institutions that facilitate quick creation of legal entities and granting of licenses. Created in December 2010, the Financial platform was ranked 30th in the world after Paris (29th) in the 2017 ranking.

Source: The North Africa Journal April 06, 2018 13:41 UTC