Morocco โEmerges as Retirement Haven, Attracting Foreign Nationals โขwith Tax Benefits and Lifestyle Appeal
Rabat, Morocco – A growing wave ofโข retirees is choosingโค Morocco โas their new home, drawn by a combination of favorable tax laws, affordable living, and a vibrant โcultural scene. The โNorth African nation is rapidly gaining recognition as a prime destination for thoseโ seeking a comfortable and cost-effective retirement, โparticularly from countries like france.
The appeal lies in a straightforwardโค financial incentive: foreign retirees canโฃ benefit from tax exemption simply by opening โคaโ local bank account. While a Moroccan residence card, โrenewable annually, is required for long-term stays, โฃthe financialโ barriers to establishing residency are notably low. Thisโ has spurred a surge in interest, with stories like thatโ of Nathalieโค andโฃ her mother, โคJo,โข becoming increasinglyโข common. Jo, whoโ relocated after the loss of her husband, remarked,โค “I no longer cook here, I go to restaurants everyโ day, which would be unthinkable in France.”
Beyond the financial advantages,Morocco offers aโค diverse landscapeโ and โlifestyle. coastal towns like Taghazout,โ locatedโฃ less than โ30 minutes north of Agadir and approximatelyโฃ 3.5 hours from Marrakech,โ are particularly popular. Taghazout, โa former fishing village, is โnow โa renowned surf destination boasting beaches, surf โschools, and a growing tourism infrastructure. Visitors and new residents are encouraged to explore the village’s mazeโข of streets, filled with shops, cafes, and restaurants. Popular surf spots include Devil’sโ Rock,Hash Point,Banana โฃBeach,Killer Point,and Anchor Point,catering to both beginners and experienced surfers. Sunset views from Taghazout’s skatepark or beachfront bars are โalso frequently cited โขas โคhighlights.