Comoros Union License
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
The Comoros Union offers a forex license through its financial regulatory authority, which is known for having relatively lenient regulatory requirements compared to other jurisdictions.
Comoros Union License Requirements
Companies that want to conduct legal brokerage activities must obtain a Forex license in Comoros – the main requirement set forth by local law. However, this is subject to a number of other interrelated legal conditions:
Incorporation & Licensing
The company must be incorporated in Mwali, Comoros, and obtain a license according to MISA's requirements.
Capital Requirements
A minimum capital of €250,000 is required for an International Brokerage & Clearing House License.
Management and Ownership
At least one Director (who can be non-resident) and one Shareholder (individual or entity) are required for the Comorian License
Operational Flexibility
No office in Comoros is needed, and there are no restrictions on leverage, PAMM/MAM accounts, or IBs.
Benefits of Comorian License
Easy Registration
Forex license in Comoros is efficient and streamlined, allowing companies to start operations quickly with minimal delays. The process is faster than in many other jurisdictions due to fewer bureaucratic requirements.
Financial Benefits
The Comoros forex broker license is budget-friendly, with low fees and minimum capital. Its tax benefits, like no corporate tax and no dividend taxation for offshore firms, are ideal for startups and small businesses.
Lack of Currency Control
A Comoros forex license allows brokers to move funds freely between countries with minimal regulatory hurdles and lower transaction costs, supporting a wide range of currencies and assets.
Stable Regulatory Enviornment
Comorian government offers a balanced regulatory environment. Licensing ensures adherence to international rules, particularly anti-money laundering (AML) and counterterrorism financing (CTF) regulations.
Confidentiality
Brokers registered with the Barns have a high level of confidentiality. This greatly attracts foreign entrepreneurs who want to ensure the safety of not only their own funds and data, but also their clients.
Taxation
Comoros provides a favorable tax environment with low corporate tax rates, reducing the burden on forex brokers. This enhance profitability and make the jurisdiction attractive for businesses seeking tax benefits.
Reputation and Client Trust
Though less prestigious than licenses from top-tier jurisdictions like the UK, EU, or Australia, it still provides legal backing and suits firms targeting markets or clients less concerned with jurisdictional prestige.