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Moroccan government has signed Open Skies agreement with EU to allow European airlines to operate at Moroccan airports without restrictions. Year round sunshine - Hot summers, mild winters, an ideal lending tree bad credit winter sun destination.
I rather put that money towards buying, in England, Spain, South of online loans direct lenders bad credit Italy, Portugal. Atleast things dont work around the whim of the King. Ok thanks for the advice it is useful to have an update on the postion in Morocco and how things have worked out over there In comparaison with other Northern African Countries (like Egypt),Morocco has a well regulated buying process and has several tax advantages such as no income taxes for the first three years from completion if you are purchasing off-plan. There are also tax advantages for new businesses, retirees. It is correct that there are no tax exoneration for the council taxes (unless it is your permanent home) but they are not expensive in comparaison to the UK or Europe. I have been lending tree bad credit reading the different posts describing an investment in Morrocco as an easy and fast way to make good money whilest I still think Morocco offers great opportunities for investment I think people will have to be prepared to follow a pathway that is not as easy as it is frequently described in the forum. The open skyes policy has really been implemented and over the years there has been an increase in number of direct,low cost flights 500 loans from Europe.
I normally get a return flight for around 80 euros. Off course anyone could decide to invest in other European countries I doubt it would be cheaper and someties you would fall into the same problems I have encountered in Morocco.
I come from the south of Italy and we have seen a lot of British people coming to buy a traditional house in the countryside or in the historical centers of very characteristic small southern Italian villages. At the begining legitimate payday loan companies it used to be cheap, especially for those properties in need of restauration but it lasted not even a year until Italians realized that they could make good money out of it.
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Most people that I know, including myself had to move to Morocco not only to follow the purchasing process, but the restauration, the start up and the consolidation.
I would doubt of any investment in Morocco advertised as a self-managing money making deal. I would like to understand how the legislation surrounding guest houses in Marrakech works. I have heard a number of things surrounding 3 and 5 bedroom riads which leads me to fast online cash loans believe that nothing under 5 bedrooms can be classed as a guest house and that this legislation came into play recently.
As my husband and I are considering buying lending tree bad credit a riad to renovate in the mdina and then running it as a guest house to cover costs we would like to stay on the right side of the law. We dont want to make a mistake and buy something costly which we cannot recoup any rental from, in which case we will stick to looking for something of a smaller size for family and friends but again we are unclear if we are outside of the law if we take rental from this on a regular basis. If anyone can untangle this one I would be grateful is it is holding up our decision making process until we understand this better. The truth is that legislation tends to change all the time and not just in general but from town to town.
What you need to be careful with is how you intend to operate. I mean, will you set up a company that will purchase a property and make instant approval personal loans a business out of it or will you just be a private owner that lending tree bad credit will want to run his house as a business or set up a separate company that will rent the restored property off you to run it as a business? This option will greatly influence your ability to repatriate some of the money you earn from your business or from its sale should you decide after few years to leave morocco. I think Fes would present more opportunities than Marrakesh were the prices have gone way up and you face a lot of competition. Fes however is a more complicated place: the quality of the artistic value of the houses in the medina is higher but that makes it more complicated to restaure.
One thing for sure is that you must be there all the time to follow things up. One day you could find wall collapsing in a room full of guests and people dying because instead of fixing the cracks on the walls( what you asked and paid for) they just put a layer of plaster and made it all look nice. You only have to look at other hotspots, UAE, Brazil, and India. However lending tree bad credit the bottom line is if you can make a profitable long term investment in those countries and be assured that we are not going to get ripped off in the process.
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For me, Morocco was an expensive lesson well learnt. Any developer who is selling off plan in unsecured loan calculator the current economic climate is going to be unstable. Even if they are solvent, why finish a development where a low percentage of the flats have been sold? These companies are in this for the profit, and will be prepared to engage in court cases if they turn out cheaper than completing an unsaleable project. Despite all this, Morocco still has excellent potential. But being a property investor is more complicated than signing a contract for an off plan apartment, and then assuming Western standards, ethics and legal recourse. If you want to do business in Morocco, it is necessary to have a lending tree bad credit compatriot as one can rely on and have the right contacts. I myself have gone through a lot but now I have the right people around me... I have been in Morocco in and out for 3 Years and can understand how rife the corruption is in the government departments. Finally I managed to make a mutual agreement for the tenant to vacate.
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