Main Subject - Business

Strategically situated with both Atlantic and Mediterranean coastlines, Morocco stayed independent for centuries while developing a rich culture blended from Arab, Berber, European and African influences. Today one of the fast

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

est growing economy in Africa, in 2005, the Moroccan GDP grew 7 %, 6.7 % in 2006, Morocco is also Europe’s nearest exotic location and has new free trade agreements with the USA. The U.S.-Moroccan Free Trade Agreement (FTA). M

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

orocco was the top market reformer in the Middle East and North Africa in 2005–2006, according to a report by the World Bank and the International Finance Corporation (IFC). Morocco cut the cost of starting a business, comply

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ing with tax regulations and doing property transfers, all measures that helps improving the economy. This is the ideal time to take advantage of the changes affecting Morocco. In terms of property investments, thanks to the k

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ing Mohamed the sixth, all non Moroccan can own properties in any area of Morocco. (There are restrictions for agricultural and mining lands)

Key features making property investments in Morocco a great opportunity
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro
rong>

Low cost of living providing a luxurious lifestyle at little expenses.
Best property prices, 50% less than most other European resorts. Booming property market with high capital growth (ar
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ound 20% based on 2006 figures).
No more than 20% tax on any capital gains and, No inheritance tax to family, No annual property tax for first 5 years.
Rental occupancy reaching 85% most y
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ars during peak season
Project Vision 2010 created to increase tourism and improve the infrastructure, achieving 10 million visitors per year by 2010 and scheduled to create a huge demand for rental acc
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ommodation Vision 2010 is providing new roads, marinas, trains, 5 star resorts, shopping malls, beach clubs.
From January 2006, the “Open Skies” policy allows low cost airlines to service Morocco and cr
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
eate competitive fares. Morocco is 2.5 hrs away from London Heathrow.
Safe investment, notary supervising property registration, similar to France or Spain.
Beautiful sandy beaches, stunning gol
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
f courses, tennis clubs, riding clubs, waterskiing, sailing, scuba diving, hunting, hiking, camel treks, culture. Yacht club with low berth fees. Sight seeing and rich Moorish cultural experiences.
Medit
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
erranean climate with hot summers and mild winters permitting year-round occupancy and tourism.
French, Spanish and English widely spoken as well as traditional Arabic.
Private healthcare in Mor
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
occo is widely available and is of a world-class standard. Private nursing, home-helps, etc. are widely available and come at little cost compared to European countries. More specific to a retirement home projec
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
t, private clinics will negotiate group deals and health insurance can be taken out to insure that in case of any emergencies, residents can be rapidly repatriated if for whatever complication, treatment in the
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
heir country of origin would be more appropriate. Morocco is within 3 hours travel by air from the UK, France and the rest of Europe.
Morocco is a free market economy and allows free movement of mon
t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ey. Banking services in Morocco are basically the same as other European or North America countries whereby credit cards are accepted. Transfers can be made to Moroccan bank accounts which involve insignifi
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
cant transfer fees but convertible accounts can be set up for any foreign nationals residing in Morocco to facilitate the repatriation of money. The banking service allows retirement incomes to be paid into Moro
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
cco. Property investors, homeowners, tourists, retirees from the UK, Europe, America can benefit from first class treatment in a beautiful country with close proximity to Europe. The main benefit for investing
.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
in property or building retirement homes in Morocco would be the immediate advantages of the quality of life, in addition to the potential of gaining tax advantages by freeing people’s funds from inheritance tax and benefitin
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
g from high capital growth on their investment over the coming years. Find more information on Moroccan investments and business at www.investinginmorocco.co.uk

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Main Subject - Doing Business in Morocco, Investing in Moroccan Properties and Retirement Homes

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