International Brokerage and Cleaning House License

Comoros IBC

The International Brokerage & Clearing House License introduced in 2007 allows for the license holder to engage in activities such as:

The license is issued and regulated Comoros Financial Services Authority in Mwali, autonomous island of the Union of the Comoros

Why Choose Comoros;

Global Opportunities; Access to international financial markets and a diverse client base.
Cost-Effectiveness - Lower licensing fees and operational costs compared to other jurisdictions.
Favourable Regulation -A supportive regulatory environment that promotes efficiency and transparency.
Confidentiality and Privacy - Strong commitment to privacy protection and data security.

Operational Requirements; IBC

In order to apply for a license, the applicant must first establish an International Business Company (IBC) in Comoros;
The IBC should have a minimum of one director who can be of any nationality and resident anywhere;
The IBC should have a minimum of one shareholder which can be an individual also acting as director or a Company registered in any other jurisdiction;
Minimum share capital is EUR 250,000, it should be either paid-up to the company’s account or presented as a balance of the shareholder’s bank statement balance.

Requirements for Directors and Shareholders

Notarized copies of operative pages of passport;
Certified utility bill as a proof of address;
Bank statement with a residential address as a secondary proof of address;
Bank reference letter;
Updated CV;
Bank statement of the UBO with EUR 250,000 on the balance as a guarantee of share capital payment.

If the holding company is involved (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;
Personal KYC as per requirements above for all the shareholders/UBOs/directors of the holding company

Step 1: Collection of Information

Step 2: Preparing Application Forms, Drafting and Compiling Documentation & Reviewing of Application

Providing client with the information, documents and requirements for applying for the License;
Assisting client in answering questions about the application process and requirements for a Comoros International Brokerage & Clearing House License;
Checking the scans of the filled documents and forms;
Reviewing, suggesting amendments to finalize the application form and questionnaires;
Reviewing all documentation;
Drafting the Memorandum and Articles of Association of the Company;
Sending client, the Memorandum and Articles of Association for review and confirmation. Upon confirmation this will be signed by local secretary as the Subscriber.

Step 3: Filing Application with the MWALI

Once the application is ready, it is filed with the MWALI together with the requisite fees.

Step 4: Follow up and liaising with MWALI

Follow up with MWALI, attend to any queries until the outcome of the application is given by MWALI.

Timeline

Assuming client provides the Regulator with all the necessary information required, license shall be granted from 4 weeks.

Other optional services;