Overview of Location
We are pleased to announce a perfectly suitable alternative for international forex brokers willing to get a flexible license for operations - The
International Brokerage License in Comoros Islands. This authorization will be suitable for both overseas or offshore company. This country is situated in the Indian Ocean between the Mozambique coast and Madagascar. With a nearly population 855,000 inhabitants, Comoros Islands are mostly known for volcanic landscapes and rich cultural diversity.
The international brokerage license serves as a unique solution for many forex brokerage companies due to its flexibility on issuing. It is considered to be the most time- and cost-effective solution should you business require a proper authorisation. The Mwali (Moheli) International Services Authority (or MISA) allows to be engaged in the following business activities, such as:
• Stock Brokerage;
• Securities Brokerage;
• Financial Advisory;
• Asset Management;
• Fund Management;
• Custody Services;
• Transaction Clearing;
• Payment Processing;
• Currency Trading (FOREX);
• Issuance of Securities; and
• Underwriting of Securities.
What is more is that there is a possibility to apply for this type of the licensing for the companies domiciled (incorporated) outside the Comoros jurisdiction.
The overall timeline for the license acquisition takes up to 1 month. This includes all steps from the incorporation of a Comoros IBC Company to obtaining the brokerage license from MISA. To be qualified for regulator’s consideration, the prospect IBC company has to declare its registered capital in amount of 250,000 EUR or USD minimum. The prominent feature here is that there is no need to deposit these funds as a guarantee would be more than sufficient to satisfy this requirement.
Once the company is registered, the next step would be the submission of an application and annual license fee to MISA in order to get the company duly licensed. The consideration takes around 20 days to get the documents issued and upon their availability your company is ready to be engaged in the above-mentioned brokerage functions including international forex brokerage services.
Required Documents
List of files necessary to proceed — for all directors and shareholders.
- An application form;
- Certified copy of passport;
- Certified copy of proof of address;
- CV or Resume;
- Personal bank account statements;
- All documents have to be in English.
Features and Benefits
Peculiarities associated exactly with this jurisdiction.
- Annual maintenance of company: renewal of registered address, agent, and state fees;
- Annual renewal of the International Brokerage License;
- Assisting with filing annual returns;
- Maintenance and annual review of the UBO register.
Formation package includes:
- Our genuine daily support;
- Name availability check and reservation;
- Completely ready-to-use IBC company;
- Brokerage license issued by MISA;
- Full set of corporate documents;
- Set of apostilled corporate documents.
Formation Steps
Define your business activities and choose a name that suits your brand.
Name check and reservation. Preparation of the KYC (Know-Your-Customers) and other due diligence files.
Registering an entity with the local registry. Acquisition of the corporate files.
Processing license application with MISA and acquiring authorization.
Need more details?
Inquire now to get all information about this jurisdiction.
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