45% reduction in required documents in investment field will contribute to improving business climate (Mezzour)

by times news cr

In response to a question during ⁤a press briefing following the Government Council meeting, Ms. Mezzour announced that a new‌ measure has been implemented ‍to simplify ‌investment procedures. This measure aligns with⁤ the royal instructions outlined in His Majesty​ King Mohammed VI‘s speech at the opening ​of ⁤the ⁣current legislative year.⁤ The initiative is expected to positively ⁢impact investment,⁣ which is crucial ⁢for driving ⁤socio-economic growth and creating jobs⁢ for young ‌people and the‌ Moroccan population​ as a whole.

The simplification process underscores the government’s commitment to fostering investment in​ the country. ​The Ministry of Digital ⁣Transition and ⁣Administrative Reform is ‍actively⁢ working to ensure the smooth⁢ implementation of these measures through regional training⁣ programs for civil servants. These programs aim to ​clarify the simplifications and their application across all regions.

The National Commission for the Simplification of Administrative Procedures⁣ and Formalities ⁤recently held its third meeting on February 20 and ⁣decided to simplify‍ and ​digitize ​22 administrative‌ procedures through the “CRI invest” electronic ⁤platform. ⁤This initiative ‍resulted in a 45% ‌reduction in documents required ⁢for investors, a 60% reduction in documents related to ‌investment project admissibility, a 50% reduction in land-related documents, a 33% ⁣reduction in building permit documents, and a⁣ 45% reduction in documents ‌required⁤ for operating licenses.

To further reduce the burden on investors,​ five simplification⁤ techniques have been adopted. These include replacing certain required documents, issuing certain documents on behalf of investors, producing certain documents only after Committee approval, eliminating unnecessary documents, and replacing a group of documents with pre-prepared forms.

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