Licence overview
Important: JY Global does not act as broker, market maker, principal, counterparty or product issuer. Our role is coordination only.
The licensing process may involve company incorporation, document preparation and regulator review. JY Global's role is limited to project coordination and preliminary compliance input.
Description
In order to apply for a licence 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 licensing
Company structure
- Minimum of one shareholder, who can be a natural person or legal entity
- 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 to file an annual report
Steps to obtain licence
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1Collection and review of documents in accordance with the legislation requirements
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2Incorporation of the company (Comoros IBC)
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3Licence application with the Regulator (MISA)
Standard documents
- Copy of ID
- Proof of address
- Bank or lawyer reference letter
- Updated CV
- Proof of funds (to be signed in the application form)
If holding company (shareholder is a company)
- Certificate of incorporation
- Memorandum and articles of association
- Details of registered office, principal place of business, directors and shareholders
- Recent set of accounts and resolution approving investment/shareholding as appropriate
- Any corporate brochures
* Subject to legal review, eligibility assessment, regulatory approval and local professional advice. No approval or timeline is guaranteed.