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According to the data given by the Regional Centre of Investments, it is the second city of the country in creating jobs, it occupies the 11% of the marketing area and generates the 6% of the exportations of the country. The 25% of the companies inside the country includes foreign shares. The Goverment program “Tanger-Med” is a huge project of structures which is intended to use its strategic location ubicated in one of the most passable maritime routes of the planet in order to offer the investors a proper stage according to the world logistic trends.
Balms & Cruz team Equipo de profesionales de Balms & Cruz
de Ahumada explained the main aim of Balms & Cruz Morocco: “ Our mission is to offer legal support to the Eurpean investors, speaking their own language and providing them the high standard they are normally used to get”, focusing on/specifying that “our specialization is not only based on real estate law, but in commercial, civil, financial, contractual,
This stage is set up around three main cores: A new port equipped with the latest technologies measures, the Frankish Area and train connection and structures. The Frankish Area in Tangier is close to the port and has an extension 2000 of hectares, it has had tax exemptions since 20 years and it houses 379 companies most of them devoted to the exportation. Between 2000 and 2007 it received investments up to 400 millions of euro and in 2007 up to 1 billion euro.
labour and administrative law and other issues regarding business in a complex country due to its burocracy”. Nicholas Cruz explained how the pattern of development in the region has been running during last years, “first of all the big investors came, after them the developers and real estate construction companies, and
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now they need hel from professional services. Finally, the finance entities will be set up”.
who speak Spanish, Arab, English and French. Its managing director is Mohamed Oulkhouir, specialist in Litigation and Labour Law. This lawyer speaks three languages (French, English and Arab) and give lessons in
Mr Nicholas Cruz, Mr Hisham Al Jumaa (manager of El Minzah Hotel) and wife
the University of Paris XIII. Mohamed has also written the legal section of the book “Business opportunities in Morocco” which covers all the legal areas concerning Moroccan business. Morocco “aujourd’hui” The region of Tangier-Tetuan is a proper place for investments. Its status of offshore place offers tax advantages which are very attractive for investments in infrastructures, in commercial, car, renewable energies, tourism and building/construction areas.
“Balms & Cruz” believes that the alaui dynasty is a very attractive place to invest in, as its regime of convertibility guarantees for the investor the possibility to repatriate both the investments and the profits which have been arisen out. The tourism and the real estate promotion are particularly important in the most developed areas of the Moroccan economy. Consequently, important projects of touristic structures are being carried out by European companies and others coming from countries of the Gulf. Morocco is considered one of the main emerging property/real estate markets. The foreigners who are looking for a second residence and the most perceptive investors show a big interest in this country, characterized by a wide range of exotic towns, wild beaches and attractive prices. As Juan Luis Balmaseda de Ahumada declared/anounced, pointing out to their guests: “This is your Legal House, your home in Morocco”.
Partners of Balms & Cruz and Mr José de Carvajal (consul of Spain)
Verónica Fuentes Press Coordinator Balms Abogados
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In order to achieve that main goal, the law firm is composed by ten people