Seychelles offers a fast, affordable, and flexible licensing option for forex brokers. With low capital requirements, simplified compliance, and global client access, it’s an ideal choice for startups and growing brokerages.
Comoros (Anjouan) Forex License
The Autonomous Island of Anjouan, part of the Union of Comoros, has become a popular offshore jurisdiction for setting up forex and CFD brokerages due to its fast-track licensing process, low capital requirements, and cost-efficiency
Introduction of Anjouan License
The Comoros (Anjouan) forex license is a private regulatory framework designed to support financial services entities like online forex brokers, asset managers, payment solution providers, and other fintech startups.
Although not considered a Tier-1 regulatory authority, the Anjouan license allows forex brokers to:
Operate legally in most offshore jurisdictions
Accept international clients (except restricted regions like the U.S.)
Open corporate bank accounts and payment solutions
Offer MT4/MT5 or other trading platforms
SetupFX facilitates a hassle-free experience by handling incorporation, licensing, document preparation, banking, and even full brokerage setup under one roof.
Advantages of a Anjouan Forex License
✅ Fast Licensing Timeline
Approval and licensing within 5 to 7 days, among the quickest in the industry.
✅ Low Capital Requirements
There is no strict paid-up capital enforcement, though most firms maintain USD 10,000 to USD 25,000 for operational needs.
✅ Cost-Effective Setup
Total licensing and incorporation costs are significantly lower than other jurisdictions—ideal for new brokers.
✅ Global Client Acceptance
Brokers can onboard clients globally (with standard AML exclusions like the U.S., North Korea, etc.).
✅ No Local Office Requirement
There’s no requirement to maintain a physical presence or office in Anjouan.
✅ Flexible Corporate Structure
Only one shareholder and one director (can be the same person) is needed; both can be foreigners.
✅ Easy Banking & Payment Setup
Firms licensed in Anjouan can often access EMI accounts, PSPs, and crypto-friendly payment providers.
Requirements for Obtaining an Anjouan Forex License
To qualify for a Forex License in Anjouan – Union of Comoros, you must fulfill the following:
Company Incorporation in Anjouan
• Register as an International Business Company (IBC)
• Appoint at least one director and one shareholder (no nationality restriction)
Minimum Capital & Funding
• No fixed capital requirement, but it is advisable to maintain USD 10,000–USD 25,000 in a business account
• No need to deposit capital prior to licensing
Required Documentation
• Passport and proof of address of directors/shareholders
• CV and professional background of directors
• Business plan and AML/KYC policies
• Bank reference letter (recommended)
• Certificate of good conduct (optional)
Compliance & Legal
• AML/CFT compliance manual
• Risk management procedures
• Professional indemnity insurance (recommended)
• Internal controls documentation
Office & Staffing
• No need for a local office, staff, or physical substance
Licensing Process with SetupFX
We provide a seamless path to licensing with full assistance throughout the process:
1. Initial Consultation & Structuring
• Business analysis and structuring advice
• Recommend appropriate licensing class and structure
2. Company Incorporation
• Register your IBC in Anjouan
• Draft and file articles of incorporation
3. Documentation Preparation
• Collect KYC, business plan, AML manual, and due diligence documents
• Coordinate translations/notarizations if required
4. License Application Submission
• Submit documents to the Anjouan Offshore Finance Authority (AOFA)
• Respond to clarifications (if any)
5. Approval & License Issuance
• Receive the Forex Brokerage License Certificate
• Typically completed within 5–7 weeks
6. Post-License Support
• Assistance with corporate bank or EMI account setup
• Trading platform setup (MT5, cTrader, CRM, client portals)
• Legal advisory for terms & conditions, user agreements, and KYC processes
7. Post-Licensing Setup
• Setup of tech infrastructure (trading platform, CRM, back office)
• HR support for hiring local staff (if required)
• Ongoing compliance support, audit assistance, and legal updates
Why Choose SetupFX for Mauritius Licensing?
Founded in 2016, SetupFX delivers seamless financial solutions for businesses. Our team of experts is committed to transparency, integrity, and excellence.
- 01 Deep expertise in forex regulatory setups
- 02 Ready-made templates for FSC-compliant documents
- 03 Network of approved management companies, banks, and legal experts
- 04 Transparent pricing and realistic timelines
- 05 Post-licensing support: tech, CRM, payments, staffing, and audits
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To acquire a Forex license in the Comoros Islands, you must establish a company, prepare the necessary documentation (including a business plan and proof of sufficient capital), and apply through a registered agent to the appropriate regulatory authority. You’ll also need to undergo due diligence and pay the required fees.
The licensing process usually takes between 5 to 7 days, depending on the completeness of your documentation and the efficiency of the regulatory authority’s review process.
The overall cost varies by company type and typically includes the application fee, annual renewal charges, and service fees charged by the registered agent managing your application. Approximately $25K – $28K
Applications are submitted through a registered agent who ensures all local requirements are met. You’ll need to provide a detailed business plan, articles of incorporation, proof of capital, and other necessary documentation.
This license enables companies to provide services such as forex brokerage, currency trading, CFDs, futures contracts, and other financial services to both domestic and international clients.
Yes, opening a bank account is mandatory. It helps manage company finances and proves compliance with the regulatory capital requirements.