Essaouira: Morocco’s Hidden Gem Lures French Retirees with Tax Breaks and Seaside Charm

In a context where nearly 1.2 million French retirees reside abroad, the city of Essaouira, on the Moroccan Atlantic coast, is emerging as a destination of choice. It is attracting a growing population of seniors in search of an environment that combines a favorable climate, security, and advantageous financial conditions, positioning itself as an alternative to other more well-known hubs like Marrakech.

Among the main factors of attraction are particularly favorable financial conditions. Morocco indeed offers a tax regime that allows foreign retirees to benefit from a tax reduction of up to 80% on the amount of their pension. The required condition is the transfer of these income to a Moroccan bank account. This advantage, combined with a cost of living significantly lower than in France, results in a significant increase in purchasing power for retirees, writes Grazia.

Beyond the economic aspects, ease of integration is another decisive criterion. French is commonly spoken in Essaouira, whether in shops, administrative services or the medical sector, which simplifies procedures and daily interactions. The city also has a structured French-speaking community, whose members regularly organize activities and meetings, thus facilitating the creation of new social ties for newcomers.

The local living environment also contributes to the city’s appeal. Essaouira is described as a peaceful and secure city, on a human scale, contrasting with the hustle and bustle of large cities. This serene atmosphere is an element often highlighted by residents, especially women who see it as a conducive environment to settle alone or with others.

Finally, Essaouira offers a varied range of cultural and leisure activities. Its medina is listed as a UNESCO World Heritage Site and the city hosts internationally renowned events, such as the Gnaoua and World Music Festival. Residents also have access to a wide range of leisure activities, from water sports to golf, as well as cultural workshops or hikes in the region.