MDM Invest is a co-financing mechanism that supports business creation or expansion projects promoted in Morocco by Moroccans residing abroad, through a non-repayable contribution. It provides a direct contribution to productive investment, disbursed upon project completion.
Who is eligible and what projects qualify?
MDM Invest is open to Moroccans residing abroad as well as those who have recently returned to the country, with business creation or expansion projects in Morocco requiring a minimum investment of MAD 1 million.
Eligible sectors include industry, industrial services, education, transport and logistics, energy, the green economy, digital, craftsmanship, local products, tourism, and healthcare, provided that the project has not been carried out before the application.
What financing is covered and how does it work?
MDM Invest provides a non-repayable investment bonus equal to 10% of the total project cost, capped at MAD 5 million, disbursed upon effective completion of the project. The remainder is financed through a bank loan and/or other contributions.
What are the financial terms?
The project holder must contribute at least 20% of the total investment in equity. The MDM Invest contribution carries no repayment obligation or interest; it is granted as a subsidy upon completion of the project.
How do I apply?
Applications for the MDM Invest contribution are submitted exclusively by the eligible enterprise through its bank, regardless of the financing arrangement chosen for the remainder of the project.
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MDM Tamwil is a co-financing product that works alongside Moroccan banks to support business creation or expansion projects promoted in Morocco by Moroccans residing abroad. It covers the co-financing of productive investment projects, whether at the creation or expansion stage.
MDM Tamwil is open to Moroccans residing abroad who hold a valid residence permit, a foreign identity document, or a consular card, as well as to Moroccans who have returned to the country within the past year.
Eligible projects involve the creation or expansion of businesses in Morocco across productive sectors, including industry, industrial services, education, transport and logistics, energy, the green economy, digital, craftsmanship, local products, tourism, and healthcare.
To qualify, investment projects must involve the creation or expansion of a business with a total cost of at least MAD 2.5 million, promoted directly by a Moroccan residing abroad, either individually or in partnership with Moroccan or foreign investors.
MDM Tamwil operates as a co-financing mechanism alongside a conventional bank loan. The MDM Tamwil share can cover up to 40% of the total project cost - without exceeding the bank's share - for an amount ranging from MAD 1 million to MAD 5 million.
The MDM Tamwil share carries an interest rate of 2.5% excluding tax, over a maximum term of seven years, including up to two years of principal deferral. Security is taken on a pari passu basis between TAMWILCOM and the bank.
MDM Tamwil co-financing applications are submitted through the project holder's bank.
Damane Istitmar is a guaranteed solution that covers a share of the risk on medium and long-term investment loans and leasing facilities granted to enterprises incorporated under Moroccan law, for amounts exceeding MAD 1 million. It applies to medium and long-term investment loans and leasing facilities. Guarantee coverage is 60% of the loan principal, increasing to 70% when the applicable eligibility conditions are met.
Who is eligible and which sectors are covered?
Damane Istitmar is open to enterprises incorporated under Moroccan law, as well as to individual buyers in the context of business transfer operations, whose activities involve the production of goods or services. All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing.
What financing is covered, how long does the guarantee last, and what does it cost?
Damane Istitmar covers medium and long-term investment bank loans and leasing facilities. The guarantee runs for the full duration of the loan, with a flat commission of 2% excluding tax, calculated on the loan amount.
What is the risk ceiling?
The risk ceiling is capped at MAD 15 million per transaction and MAD 30 million per enterprise, rising to MAD 20 million and MAD 40 million, respectively, where applicable conditions are met. A specific ceiling of MAD 10 million applies to financial restructuring operations.
How long does it take and how do I apply?
Damane Istitmar guarantees that applications will be reviewed by TAMWILCOM within a maximum of 10 business days from receipt of a complete file. Applications are submitted exclusively through the bank or leasing company, which is responsible for compiling the file and forwarding it to TAMWILCOM.
