Anjouan: The Ideal Solution for Financial Licenses

Anjouan is one of the four autonomous islands in the Union of the Comoros. Recently, it has become an increasingly attractive location for business. Several factors make Anjouan particularly advantageous for company registration and obtaining financial and gambling licenses.

After gaining independence and autonomy in 1998, the government of Anjouan enacted modern legislation for establishing companies, including regulated financial institutions and casinos. This initiative was legalized by the Anjouan Legislative Assembly in September 2005. In 2013, the government amended the legislation concerning banking licensing and other activities. In 2019, new regulatory acts related to virtual currencies were introduced.

The following types of licenses are available in Anjouan:

• International banking licenses
• International crypto-banking licenses
• International crypto licenses
• International broker/forex licenses
• International insurance licenses
• Online gambling licenses

The variety of financial licenses allows businesses to choose the best option according to their model and strategy.

Why choose a financial license in Anjouan?

Unlike some other jurisdictions, Anjouan does not have strict requirements for local offices or employees. This fact makes the jurisdiction particularly attractive to entrepreneurs as it significantly reduces business costs. The requirements for minimum authorized capital are quite lenient, starting from $10,000 for a banking license. In comparison, in most offshore jurisdictions, this threshold is considerably higher.

Licensing timelines in Anjouan

The process of obtaining a license in Anjouan is characterized by high speed, with a license potentially being issued in just one month. To obtain a license, one must fill out an application, after which an International Business Company (IBC) is issued. Assuming compliance with the necessary requirements and a comprehensive check, entrepreneurs can expect rapid approval, enabling them to start their financial activities promptly.

Anjouan provides entrepreneurs a unique opportunity to obtain financial licenses with minimal hustles and costs. The quick process, lack of strict requirements, and the variety of available licenses make this offshore jurisdiction attractive for those aiming for successful financial business management.

For more detailed information, we recommend contacting IT-OFFSHORE specialists, who have the most up-to-date information regarding financial and gambling licenses on the island of Anjouan.