Licensing in Comoros

In light of Comoros' ambition to become a leading offshore centre issuing international banking licences, local authorities and regulators are actively developing the infrastructure and legislative framework to support businesses. This includes simplified company registration and licensing procedures, as well as favourable tax regimes.TKDeal offers personalised advice for those interested in registering a company and obtaining a licence in Comoros. Our experts are ready to guide you through the process of completing all the necessary documents, as well as advise you on the best strategy for your business, taking into account local conditions and regulatory requirements. By contacting us, you can be assured of quality support at every stage of your entrepreneurial journey in Comoros.

Classification and Production Process

Such licences are shared in the Comoros Islands:

• Class A permits are for financial institutions with outposts on the Isle of Anjouan that offer amenities both globally and locally;
• Class B licences are for offshore banking only.

Opening a company in Comoros is a quick and relatively simple process that can be completed in just a few days. However, it takes longer to obtain a banking licence in these islands - at least three weeks. The process of obtaining a banking licence in Comoros is considered fast, mainly due to the lack of excessive bureaucracy on the island.

Class B licence

The banking licence opens the door for the establishment of a payment system in Comoros. This is an important advantage for those who plan to engage in financial transactions internationally using this legal platform. The Comoros Class B licence is only available to local companies, making it even more attractive to those considering introducing their business to the islands.If you have decided to open a business in Comoros, as well as to obtain a Class B licence in Comoros for your activities - the share capital of the company must be at least 100,000 USD Minimum number of shareholders and directors must be at least one. It is mandatory for the company to have a secretary.

Obtaining a banking licence in Comoros: key aspects

Currently, in order to apply for a banking licence in Comoros, it is worth noting that all banking licences issued as a Class B banking licence are valid for 1 year. However, apart from the validity period, it is also important to consider a number of other aspects in the process of obtaining a licence.

Comoros offshore banking laws, adopted in February 2005, have been structured to be modern and flexible. These laws provide for special measures directed at ensuring transparency and stability of financial transactions on the islands, while providing investors and banks with a wide range of options.

It is these provisions in Comoros law that govern the issuance of banking licences. However, the process of obtaining a licence involves compliance with certain requirements, including the submission of financial statements, demonstration of financial strength, and the completion of appropriate security checks and regulatory controls. In addition, banking licence holders are required to comply with anti-money laundering and counter-terrorist financing legislation and to cooperate with international financial regulatory organisations.Offshore international business companies obtaining banking licences in Comoros can manage cash flows, use payment or deposit services.

TKDeal Help

Consultations at TKDeal provide the opportunity to get all the necessary information about the process of obtaining a licence in Comoros. Our experts are ready to answer your questions and provide detailed instructions on all stages of the procedure. We also offer a variety of communication methods to ensure the convenience of our clients. Whether you prefer a phone call, email or online chat, we are ready to provide you with the help and support you need to obtain a licence in Comoros.