Quote:
Originally Posted by annelk
re the comment 'under Moroccan law you cannot pay Dirhams'
I am in the process of buying in Saidia.
I had read that you couldn't repatriate profit if you originally paid in Dirhams so asked my solicitor and she advised that this is not so (gave me a very long answer on the phone, which I understood to mean that what I had read was not relevant in this case). I hope she is right because I am paying the deposits in Dirhams.
If anyone else knows different I woould be grateful for the knowledge now.
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Hi Annelk,
I live in the US and I am also interested in Saidia (off plan progect), however, I heard mixed messages and I am not sure what to do.
You seem to have researched this and if you have any advice, please share it. Unfortunately, I cannot post my email because I am a "junior member". However, you can use this: adilDOTchaouiATgmailDOTcom
As far as the currency, as a foreign investor, you should be able to open an account in a foreign currency (for me would be dollars) and you can convert and wire your money.
Let me know what you think!!
Cheers
Adil