Limited partnership (SCS):
(Act no 5-96)
The SCS is subject to the same rules as the CNS, but unlike the latter, it differs by the presence of two types of partners:
Active partners are subject to the rules of the partners of the S.N.C
Limited partners, are simple funders, responsible only up to the amount of their contributions.
The share capital is divided into shares and the law does not set any minimum capital;
The limited partners are excluded from the management of SCS, unless they are appointed by the articles of incorporation, in which case they are jointly and severally liable with the active partners for the debts and commitments made.
- 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.
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