The Process

Comoros Forex License: How it works

Comoros is one of the comfortable locations for business, most notably in the field of investments and finance. Thanks to its favorable geographical location and no income tax, the Comoros attracts numerous investors and entrepreneurs from all over the world who are looking for favorable conditions for the development of their business.

Overview of Forex license in Comoros Islands

The Forex industry is one of the key sectors of the Comoros economy. Many monetary services companies are opening offices in the islands to gain access to this important market. Regulation of forex brokers in the Comoros is carried out by the Ministry of Finance and Budget, which is responsible for granting licenses for activities in this area.

Obtaining a Comoros forex licence can be beneficial for forex brokers as it allows them to position themselves in the international forex market and offer their services to investors worldwide. The Comoros license also allows brokers to attract clients from different countries and conduct investment transactions without paying income taxes.

Benefits of obtaining Comoros brokerage license

Achieving a Forex broker license in Comoros has several advantages:

Requirements for obtaining offshore forex license in the Comoros Islands

In order to obtain a permission for Forex activities in the Comoros Islands, certain requirements must be met. The most important of them are the following:

Documents you should prepare for forex licencing in the Comoros Islands

To obtain a Forex license in Comoros, the applicant must provide the following documents and information:

  • Application for acquiring a license.

  • A business plan that contains a complete description of the company’s business and development strategy.

  • Copies of the company’s registration documents, such as the certificate of incorporation, articles of incorporation, and other documents confirming the legality of the business.

  • Proof of the company’s financial stability, such as an account balance or proof of financial ability.

  • Documents confirming the compliance of the company’s management and employees with the requirements of Comoros legislation.

  • Confirmation of the size of the company’s equity capital.

  • A complete list of services that will be provided by the company.

  • Plans to protect client assets and secure transactions.

  • List of banks with which the company plans to cooperate.

  • A certificate on the absence of criminal records of the managers and founders of the company.

  • Copies of passports and other documents confirming the identity of the managers and founders of the company.

Interested in other Onshore and Offshore business companies?

We can incorporate companies in many jurisdictions, where we bring more incentives for all investors, businesses, entrepreneurs worldwide. Explore and get started today. Whether you are doing business in Europe, Asia, Africa, the Middle East, the Americas or elsewhere, Global Money Consultants will set up the best trading or holding structure for your business in line with local laws and regulations.

Get Started with a Comoros Forex License

Looking for help? Get in touch with us