There are not so many countries where you can set up an International Business Company and obtain an international brokerage license at the same time, but Comoros is one of these. This is a low-tax jurisdiction where you can create an international structure unbelievably quickly and acquire a versatile license. It will give you the right to engage in banking, insurance, gambling, or forex activities – all in one! So, if your company decides to expand later on, it will not be required to get any additional licenses. Click on the link to discover more details about Comoros offshore brokerage license or talk to a specialist using a live chat. And if you decide to delegate the procedure to professionals, we are ready to help!
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Benefits of International Business Company Formation in Comoros
Let’s look at the main advantages of a Comoros entity that you can set up on Moheli, one of the country’s major islands:
- Moheli offers the world’s fastest and most affordable IBC registration: you can get a fully operational company in a matter of 24 hours.
- Comoros IBCs may be established with 100% foreign capital. They are required to have one founder, one director, and one shareholder, and all these positions may be filled by one individual or legal entity (if you want to, of course).
- IBCs are not restricted by any currency controls, and they can freely accumulate, manage, or keep their assets in accounts set up with payment systems or foreign banks.
- Comoros IBCs are under no obligation to conduct the company audit or submit any accounting reports to the local authorities.
- Moheli IBCs are not considered the island’s tax residents, which means that they are not liable for any taxes on the profits generated in other countries.
- The international business company set up in Moheli can be used to carry out activities outside Comoros and keep/manage private assets.
- Business owners and founders will be able to enjoy a high level of confidentiality provided by the country.
If you decide to establish an offshore company in Moheli, you will need to use the services of a registered agent approved by the Moheli Offshore Finance Authority. While the potential company owner does not need to be present in person, he or she will have to pass a check and prepare a package of documents in English.
If you feel that you need expert support, please keep away from non-verified agents. There are a lot of fraudulent offers in the market, and you may simply lose your money. You can follow the above link to talk to an expert who will give you recommendations.
How to Establish a Comoros IBC
Let’s have a look at the steps you will need to take to set up an International Business Company in Comoros:
- Think of a name for your company (it should be unique).
- Collect the package of documents in English. No apostille is required, but you still have to legalize them.
- Send the package to the registered agent.
- Use the local agent’s services to acquire a license for your business (if required).
- Pay all the necessary fees and duties.
If you take all the steps without any errors, you will be able to start your business operations in a matter of 24 hours.
KYC and Due Diligence
The registered agent you choose will have to receive the following documents from you to successfully pass all the checks (if they are in a language other than English, you will have to provide a notarized translation).
Individual shareholders or founders:
- Original bank certificate
- Proof of residence address (original bank card statement or utility bill)
- Copy of passport or any other ID (it should specify citizenship and the date of birth)
A legal entity that serves as a founder:
- Memorandum of Association
- Certificate of Business Registration
- Articles of Association/Act of Partnership/Company
- Copy of Accounting Reports/Annual Reports for the recent period
- Original Bank Certificate
- Certificate of Good Standing
- List of Company Directors
- List of Shareholders with more than 5% of shares and the voting right
- The decision to delegate powers to company officials/managers to run the business on behalf of the legal entity
The list of documents may change, but our experts will provide updates to you at any time.
Comoros Brokerage License: Details
Comoros provides four kinds of licenses: gambling, crypto, banking, and forex. However, the latter is the most popular with entrepreneurs from across the globe. Here are the main things to be aware of:
- The Comoros Forex license has a period of validity that may be specified on the back of the document. The license is automatically canceled if its holder terminates its activities in Moheli’s territory.
- Comoros IBCs can render their services to non-residents of the country of business registration and licensing.
Here are the kinds of activities you can engage in if you have an IBC with a license:
- Issuance of securities
- Foreign exchange services
- Payment processing
- Cryptocurrency exchange
- Clearing of transactions
- Depository services
- Funds/asset management
- Financial consultancy
- Securities-related services
The cost of a Comoros forex license starts from 25,000 euros.
Is License Cancellation Possible?
Here are the reasons why your Forex license may be canceled:
- The company has less than one founder at any time of its existence
- The company conducts other business activities without a relevant license.
- The company owns real estate on Moheli (except for renting premises for business purposes).
- The international business company uses local customers.
- The company carries out any activity prohibited by Moheli laws.
A Moheli IBC has the right to:
- Issue or possess securities.
- Keep accounting reports on the island and carry out meetings with company directors locally.
- Use the services of specialists who live on the island (such as accountants, lawyers, agents, etc.).
- Use/provide services to a brokerage company that has a Comoros license.
- Rent a business office on the island.
- Build business relations with similar international business companies that conduct their business activities outside Moheli.
Interested in obtaining a Comoros brokerage license? Please follow the link above to discover more, or get in touch with our expert to ask questions.
