General partnership (SNC) :

(Act no5-96)
This is a partnership of persons, whose partners all have the quality of traders and have unlimited and joint liability for corporate debts. There is no upper or lower limit for the share capital, since personal assets of shareholders, serve as collateral to creditors;
The law does not set the minimum value of the shares;

All partners are considered managers unless otherwise provided in the articles.
The SNC is suitable for small projects which do not require large capital.





• Ownership title deed, registered lease agreement or certificate of residence;
• Articles of Incorporation signed by the shareholders and registered;
• Negative certificate;
• Identity documents of the managers and limited partners;
• The authorization provided for by law if the limited partners are underage under Moroccan law;
• Advance majority statement of underage limited partners;
• Statement of Conformity;
• If a partner is a foreigner a copy of the deed indicating his marital status should be produced.