Comoros

Capital Requirements: €250,000

Overview:

The Mwali International Services Authority (MISA) serves as the regulatory body overseeing financial services in Mwali Comoros.

In order to acquire a license, applicants need to establish an International Business Company (IBC) in Comoros. The Comoros International Brokerage & Clearing House License enables companies to engage in securities trading, either as principals (on their own account) or as agents (on behalf of clients).

Requirements:

• Companies offering forex services in Comoros must:
• Be incorporated in Mwali Comoros.
• Obtain licensing in accordance with MISA’s requirements.
• Meet the minimum capital requirements (€250,000) for the International Brokerage & Clearing House License.
• Have at least one Director (who may be a non-resident).
• Have at least one Shareholder (either individual or legal entity).
• Not necessarily maintain an office in Comoros.
• Experience no restrictions on leverage, PAMM/MAM accounts, or IBs.