The International Business Company Act 2005 sets the framework for the incorporation, regulation and supervision of IBCs in Anjouan (Union of the Comoros).
The International Brokerage & Clearing House License introduced in 2007 allows for the license holder to engage in activities such;
The entity making the application should be an International Business Company (IBC) in Comoros
The license will need at least 1 (One) natural person Fit and Proper Directors of any jurisdiction.
• The investment dealer will need at least one shareholder.
• Corporate shareholding is allowed and 100% foreign ownership is permitted.
The License must establish and maintain an appropriate and effective compliance function within the firm which operates independently of all operational and business line functions and senior or supervisory management.
Not required
The applicant must have indemnity insurance coverage or a fidelity bond acceptable to the Anjouan Offshore Finance Authority.
The Licensee shall establish an internal audit / audit committee in order to undertake the internal audit function of the company and which shall be independent for the management of the company or outsource.
The Applicant must have the prescribed minimum paid-up capital and is able to meet the prescribed minimum net liquid capital requirement in cash or readily marketable securities. The prescribed minimum paid-up capital is EUR 250,000 (Approximately USD 280,000)