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[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” row_content_width=”grid” css=”.vc_custom_1574102055176{padding-top: 130px !important;padding-bottom: 130px !important;}”][vc_column][vc_tta_accordion style=”outline” shape=”square” color=”black” c_align=”center” c_icon=”chevron” c_position=”right” active_section=”” collapsible_all=”true”][vc_tta_section title=”K Films Banking Memo” tab_id=”1574102027697-3df40ee5-1928″][vc_column_text]
K Films Banking Memo
The Moroccan dirham is a non-convertible currency. The US Dollar, for example,
is a convertible currency. This means that there are barriers to buying foreign
currency with dirhams.
One of the fiscal advantages Morocco offers to foreign productions taking place
in Morocco is to open a bank account in convertible currency. The benefits of this
are:
• VAT exemption on purchases above 5,000 dirhams ($500) made by check
or wire
• No withholding tax
• No fringes on crew
• Ease of returning remaining funds
The bank account will be opened in the name of the entity created for the project
and to whom the shooting permit is issued (usually the foreign LLC created for
the project).
You will assign A and B signatories for this account at your discretion.
In order to open this account we need:
• Certificate of incorporation of a private limited company
• Memorandum and articles of association
• Memorandum of association of the company defining the chairman
• Memorandum of the association of the company where the chairman
gives signature for Moroccan account to:
– Name A passport number
– Name B passport number
• Copy of passports of A and B signatories
These documents need to be translated to French and certified by the Moroccan
consulate.
Once the bank account is opened we will apply for VAT free status. The whole
process takes up to two weeks.
[/vc_column_text][vc_empty_space][vc_btn title=”Download” style=”flat” shape=”square” color=”black”][/vc_tta_section][vc_tta_section title=”K Films Insurance Memo” tab_id=”1574102027863-1f62f883-463a”][vc_column_text]K Films prides itself on nurturing and supporting Moroccan talent and has a loyal, committed and trusted team of people regularly working with her.
The increasing number of foreign productions has effectively helped train local technicians, which means that foreign shoots need only to bring department heads. A few years ago, the majority of the crew had to be brought in from abroad, but now we often only have a foreign head of department and the rest of the crew is locally recruited.[/vc_column_text][/vc_tta_section][vc_tta_section title=”K Films Travel Memo Morocco” tab_id=”1574102027946-db73a506-c858″][vc_column_text]K Films leads the way in the promotion of film and television production in Morocco, and was instrumental in discussions with the Moroccan Cinema center (CCM) on the 20% cash rebate, for international film and television productions, entered into force in October 2017.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1574084039449{padding-top: 50px !important;padding-bottom: 50px !important;}”][vc_column]
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production
film by Kfilms
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[/vc_column_text][vc_empty_space height=”38px”] Official Trailer