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Forex License in Anjouan

Forex License in Anjouan

Brokerage is a global business that is attractive to many entrepreneurs. To conduct it legally, it is necessary to register a company and obtain a license. This requirement applies in most countries, including Anjouan, a little-known but promising jurisdiction for brokerage activities. It has low tax rates and local legislation. Fast Offshore Licenses offers assistance in registering a company and obtaining a license in Anjouan.

Located in the Indian Ocean and part of the Comoros Islands, Anjouan is becoming an increasingly popular destination for service providers in the brokerage industry. Anjouan’s jurisdiction provides a flexible regulatory framework recognized in the global community, a simple process, and affordable licensing costs. Anjouan is currently attracting the attention of startups and small businesses looking for an alternative to the jurisdiction of Curacao, which introduced stricter rules this year.

Anjouan offers a more loyal environment for registering a forex business than many other countries. At the same time, its regulatory environment is balanced and ensures that forex companies comply with international regulations, including anti-money laundering and anti-terrorist financing. In addition, companies registered in Anjouan have a high level of confidentiality. For many businesses, this is an added advantage.

Anjouan has a developed infrastructure that supports the provision of forex services. This infrastructure includes various services and support such as:

cloud services that provide businesses with access to computing power, data storage, and other resources over the internet;
private server racks, which provide companies with dedicated servers to host their applications and data;
dedicated server management services, which provide companies with assistance in configuring, managing, and maintaining dedicated servers;
other hosting services, such as virtual private network (VPN) services, e-mail services, and web hosting services.

Due to the absence of income tax in Anjouan, forex companies registered in this jurisdiction can save significant funds. These funds can be used to expand their business, including the purchase of high quality software and hardware. This can lead to new opportunities in the markets.

Advantages of obtaining the Anjouan Forex License

Obtaining a forex license in Anjouan has several advantages, making it an attractive option for businesses in the forex industry:

Tax benefits
One significant advantage is the absence of income tax for foreign forex license companies registered in this jurisdiction.

Flexible registration rules
Anjouan offers more lenient and flexible forex business registration rules compared to many other jurisdictions. This can simplify the registration process for companies looking to enter the forex market.

Balanced regulatory environment
Anjouan maintains a well-balanced regulatory environment. This means that while the registration process is more accessible, the jurisdiction ensures that companies comply with international standards, especially in areas such as anti-money laundering (AML) and countering the financing of terrorism (CFT).

International Compliance
Anjuan’s Forex license ensures that companies comply with international regulations and standards, providing a level of reliability and trust to clients and partners around the world.

Privacy
Anjouan legislation offers companies a high level of confidentiality, which can be a significant advantage for businesses that prioritize the protection of sensitive financial information and customer data.

Cost-effective licensing
Licensing costs in Anjouan are significantly lower than in other jurisdictions. This makes it a cost-effective option for startups and small businesses in the forex industry.

Global Recognition
Anjouan forex license is recognized globally, which increases the competitiveness of businesses licensed in this jurisdiction. This recognition can help build trust with clients and partners from around the world.

Infrastructure Support
Anjouan infrastructure includes a wide range of hosting services that can be useful for forex companies.

Service packages for registration for Forex license in Anjouan

All services from the Extended package
Local Director for 1 year
Local office (address) for 1 year

All services from the Basic package
Assistance with corporate account opening

Dedicated consultant with the fully provided individual approach
Full turnkey company formation assistance
Set of corporate documents
Forex License Application

Сonsultant

Inhyuk Suh

Email i.suh@fastoffshorelicenses.com
Position
Associate, Consultant

Requirements for getting the Anjouan Forex License

Obtaining a broker license in Anjouan does not require a lot of time and effort. If all the requirements are met, approval can be obtained in a short period. To obtain a Forex license in this jurisdiction, you need to:

register a company in Anjouan;
pass a background check – the check is conducted on the founder of the company, all officers, authorized persons, shareholders, directors, and beneficial owners of the company;
appoint a compliance officer responsible for implementing AML/KYC procedures.

It is important to note that the requirements for obtaining a Forex license in Anjouan are subject to change and it is recommended to consult with the professional lawyers at Fast Offshore Licenses for the most up-to-date information.

Request more info about the Forex Broker License in Anjouan

Process of obtaining a Forex License in Anjouan

COLLECTION OF PRELIMINARY DOCUMENTS

Initial documents required:

Preferred company name
Passport copies of all shareholders and directors
Address of residence confirmation (utility bill) from all directors and shareholders
A business model of the company (brief description 1-2 pages)
Company structure chart

COMPANY REGISTRATION

Submission of notification to the Registry
Company registration
Preparation of full set of corporate documents
State fees payment

LICENSING PROCESS

Preparation of license application documents
Submission of license application
Communication with the Regulator until the license is granted

CORPORATE ACCOUNT OPENING

Analysis of the most suitable Banks/EMIs.
Collection of necessary documents from the Client side to initiate the process (flow of funds, source of wealth, description of the purpose of opening an account, key partners, company website, utility bill, etc.)
Guiding the Client’s company through the entire process of opening an account

List of required documents

FOR ALL INDIVIDUAL DIRECTORS/SHAREHOLDERS/ULTIMATE BENEFICIAL OWNERS OF THE COMPANY

Certified true copy of passport
Certified true copies of proof of residential address (issued within the last 3 months)
Bank letter of reference (issued within the last 3 months) of a character nature from a bank of which the shareholder has been a customer for at least 2 years
Professional letter of reference (issued within the last 3 months) of a character nature from a lawyer or accountant of which the shareholder has been a client for at least 2 years
Updated Curriculum Vitae duly signed
Complete Remote ID Verification
Completed Application Forms
Completed and signed UBO declarations

FOR ANY CORPORATE (LEGAL ENTITY) IN THE CORPORATE STRUCTURE

Corporate Structure Diagram detailing any and all directors, shareholders and UBOs
Certified true copy of certificate of registration/incorporation and/or equivalent
Certified true copy of memorandum and articles of association or any other equivalent document
Certified true copy of the register of shareholders dated within the last 3 months and signed by the director of the company
Certified true copy of the register of directors dated within the last 3 months and signed by the director of the company
Certified true copy of company extract from the registry (if applicable)
Certified true copy of Certificate of Good Standing
Certified true copy of Certificate of Incumbency

Setting Up a Forex Company in Anjouan

Anjouan offers entrepreneurs attractive conditions for opening a forex company. To register a company in this jurisdiction, you need to perform the following actions:

Determine the legal form of the company you want to establish.

The most common organizational and legal forms of IBC are a private joint stock company, limited liability company, and joint stock company.

To register a company in Anjouan, you must have a physical office on the island and an employee who will represent the company in Anjouan. This employee must be a citizen of Comoros or have a work permit in the country.

To do this, you will need several documents, which include:

application for registration;
the company’s articles of incorporation;
copies of the personal documents of the company director;
a receipt for payment of the state duty;
a list of major shareholders (in the case of establishing a JSC).

Open a bank account.

Implement security systems to protect client data and prevent fraud.

Forex License Overview in Anjouan (Comoros Islands)

Processing time	3 weeks
Application fee	250 USD
Minimum capital requirement	No requirement
Corporate income tax	0%
Resident employee	No requirement
Accounting audit	Required
Office requirement	No requirement
AML/KYC	Required

Regulation of Forex Licenses in Anjouan

To develop the economy and attract foreign investment, the government of Anjouan decided in 2003 to create an offshore sector. For this purpose, new laws were drafted and adopted in 2005. The new laws have created a modern offshore and financial sector that meets international standards.

The offshore laws that were passed provide for the issuance of various licenses that are issued by the Anjouan Offshore Finance Authority (AOFA). AOFA licenses offshore international business companies (IBCs), insurance and banking companies, internet gambling operators, and forex brokers. Anjouan Corporate Services Ltd is the only agent in Comoros that is authorized to promote all Anjouan offshore companies and licenses on behalf of the Anjouan Offshore Finance Authority (AOFA).

An Anjouan forex license allows companies to trade in the foreign exchange market by local and international regulations. Local Anjouan regulations do not prohibit trading in the foreign exchange market with companies from any specific country. However, companies must comply with foreign regulations, especially anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.

Conclusion

Anjouan offers attractive conditions for the registration and operation of forex companies. These include:

transparent and clear legislation that protects the interests of investors and clients;
flexible registration and licensing requirements that allow companies to start operations quickly and easily;
favorable taxation, which allows companies to optimize their costs.

The process of registering and licensing a forex company in Anjouan can take several months. To make the process as fast as possible, we recommend consulting with Fast Offshore Licenses lawyers and preparing all the necessary documents in advance.

In general, Anjouan is a promising jurisdiction for forex brokers. Providing attractive conditions and a high level of protection of investors’ and clients’ interests, this jurisdiction can be an excellent choice for entrepreneurs wishing to expand their business to the international market.

FAQ about Forex license in Anjouan

How do I get a Forex License in Anjouan?

Obtaining a Forex license in Anjouan requires setting up a company locally and submitting a formal request to the relevant regulatory body. To complete this process, the applicant needs to carefully follow all legal requirements and regulations set by the Anjuan government for forex brokers.

What’s the cost of obtaining a Forex license in Anjouan?

The cost of obtaining a forex license is $26,900. There may also be additional costs associated with licensing.

How much time does it take to secure an Anjouan Forex License?

The timeline for the licensing process can vary depending on several factors, including the completeness of the application submitted, the complexity of the business model, and the effectiveness of the regulatory authorities. Typically, the process takes between 1 and 3 months.

How Forex companies are taxed in Anjouan?

Companies that obtain a forex license in Anjouan enjoy significant benefits as they are granted tax exemption. The lenient tax regime sets Anjouan apart from many other jurisdictions, reducing financial liabilities and increasing the profitability of forex brokers.

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