x
Overview
In order to apply for a license the applicant must first establish an International Business Company (IBC) in Comoros. This process takes approximately 48 hours from receipt of the relevant documentation.
Timeframe: 10 business days
Minimum paid up capital: no capital requirements
Overview
In order to apply for a license the applicant must first establish an International Business Company (IBC) in Comoros. This process takes approximately 48 hours from receipt of the relevant documentation. The IBC should have a minimum of one director who can be of any nationality and resident anywhere.
Comprehensive Guide to Company Incorporation
Company structure
- ▪ Minimum of one shareholders, who can be natural persons or legal entities.
- ▪ At least one director (foreign residents are allowed)
Confidentiality
- ▪ Beneficial owners’ details – not disclosed to the Authorities
- ▪ Shareholders’ details – not part of public record
- ▪ Directors’ details – not part of public record
Taxation
Comoros is a 0% taxation jurisdiction
Accounting requirements
- ▪ No requirement of filing annual report
Secretary – Required
Registered office – not required
In order to obtain a license, the following steps will be carried out:
- ▪ Collection and review of documents in accordance with the legislation requirements
- ▪ Incorporation of the company
- ▪ License application with the Regulator
- ▪ Copy and ID
- ▪ Proof of address
- ▪ Bank or Lawyer Reference Letter
- ▪ Updated CV
- ▪ Proof of Funds (To be signed in the application form)
If Holding Company (i.e. where shareholder is a company)
- ▪ Certificate of Incorporation
- ▪ Memorandum and articles of association
- ▪ Details of Registered Office and Principal place of Business and directors, shareholders.
- ▪ Recent set of accounts and Resolution approving Investment/shareholding as appropriate.
- ▪ Any corporate brochures