Morocco Emerges as Retirement Haven, Attracting Foreign Nationals with Tax Benefits and Lifestyle Appeal
Rabat, Morocco – A growing wave of retirees is choosing Morocco as their new home, drawn by a combination of favorable tax laws, affordable living, and a vibrant cultural scene. The North African nation is rapidly gaining recognition as a prime destination for those seeking a comfortable and cost-effective retirement, particularly from countries like france.
The appeal lies in a straightforward financial incentive: foreign retirees can benefit from tax exemption simply by opening a local bank account. While a Moroccan residence card, renewable annually, is required for long-term stays, the financial barriers to establishing residency are notably low. This has spurred a surge in interest, with stories like that of Nathalie and her mother, Jo, becoming increasingly common. Jo, who relocated after the loss of her husband, remarked, “I no longer cook here, I go to restaurants every day, which would be unthinkable in France.”
Beyond the financial advantages,Morocco offers a diverse landscape and lifestyle. coastal towns like Taghazout, located less than 30 minutes north of Agadir and approximately 3.5 hours from Marrakech, are particularly popular. Taghazout, a former fishing village, is now a renowned surf destination boasting beaches, surf schools, and a growing tourism infrastructure. Visitors and new residents are encouraged to explore the village’s maze of streets, filled with shops, cafes, and restaurants. Popular surf spots include Devil’s Rock,Hash Point,Banana Beach,Killer Point,and Anchor Point,catering to both beginners and experienced surfers. Sunset views from Taghazout’s skatepark or beachfront bars are also frequently cited as highlights.
