Mwali is an island in the Indian Ocean, part of the Comoros archipelago. It is one of the autonomous islands of the Union of the Comoros, which is preferred by foreign investors for registering international businesses and obtaining licenses for gaming, brokerage, and cryptocurrency businesses. Due to its advantageous geographical location and low tax rates, the jurisdiction has undeniable advantages for conducting business, especially in the field of finance and investment.

Advantages of registering a company in Mwali

One of the most popular company forms in Mwali is the International Business Company (IBC). Choosing an IBC for conducting international business has several undeniable advantages:

• High level of confidentiality for founders and owners;
• Can be used for storing and managing private assets, as well as for carrying out activities outside the Comoros;
• Not considered a resident for tax purposes and does not pay income tax on profits earned in other countries;
• No reporting or auditing requirements;
• No currency control, ability to freely manage assets, including storing, transferring, and accumulating funds in foreign bank accounts or payment systems;
• Possibility of registration with 100% foreign capital, having a single founder, director, and shareholder, which can be the same person (legal or natural);
• Quick and inexpensive registration.

Stages of company registration

The procedure for registering an international business company in the Comoros in 2024 includes the following stages:

• Choosing a company name;
• Preparing documents in English, which must be legalized (apostille is not used);
• Submitting the package of documents to a registration agent approved by the regulator;
• Obtaining a license, if necessary, through a local agent;
• Payment of fees and duties.

How to register a company in Mwali

For information on the documents required to register a company in Mwali in 2024, please consult the specialists at IT-OFFSHORE. We are ready to provide you with a full range of services for registering an IBC in the Comoros.