Offshore Pro Group assists international investors and financial businesses with registering a company in the Comoros and obtaining a local banking licence — a jurisdiction operating under the Banking Act in force since 1 January 2013 and supervised by the Central Bank of the Comoros.
Excellent 4,6 out of 5
Jurisdiction
Comoros — an island state in the Indian Ocean off the east coast of Africa, comprising the three main islands of Grande Comore, Mohéli and Anjouan.
Regulator
Central Bank of the Comoros (banking supervision); the Anjouan Offshore Financial Authority governs licence validity and revocation.
Legal basis
Banking Act in force since 1 January 2013; Government Notices No. 004 of 2005 and No. 5 of 2005.
Licence classes
Class A (general licence) and Class B (restricted licence).
Minimum capital
At least 500,000 EUR / USD.
Timeline
Company registration in 4–6 weeks.
Starting price
From 62,750 EUR.
The Comoros has operated under a dedicated Banking Act since 1 January 2013. The purpose of that legislation is to support the development of the islands as a responsible international financial centre aligned with leading global practice and regulatory standards, and to provide incentives — through tax benefits — for international banking business.
Offshore Pro Group offers an end-to-end service covering both the registration of a company in the Comoros and the acquisition of a local banking licence, so that clients can establish a licensed banking operation within a single, coordinated engagement.
The Comoros is a small island state situated in the Indian Ocean off the east coast of Africa, positioned between northern Madagascar and northern Mozambique and made up of three principal islands — Grande Comore, Mohéli and Anjouan. Its strategic location, stable political environment and well-developed financial infrastructure make it an attractive choice for those interested in organising banking activity.
The government of the Comoros has invested considerable effort in creating a favourable business environment intended to attract foreign investment and support economic growth. The jurisdiction has developed a robust legal system that underpins the integrity and stability of the offshore banking sector, and its confidentiality rules together with the active promotion of international banking services make the islands an appealing destination for interested parties.
Access to monetary services that allow clients’ financial strategies to be optimised.
A high level of confidentiality and security across the Comorian banking sector.
Cross-border diversification, so that a bank’s clients are not confined to a single jurisdiction for outgoing payments when conducting financial transactions — which in turn reduces investment and geopolitical risk.
A favourable legal system, with confidentiality rules and active promotion of international banking services.
Low costs for company registration and for obtaining the licence itself.
Tax efficiency: all offshore corporations in the Comoros are exempt from tax on profit and capital gains; profit tax applies only to income earned within the country, not to income earned outside it.
Free movement of capital in any currency, supported by the absence of currency control on the islands — flexibility that enables entrepreneurs holding a local banking licence to serve clients worldwide.
Limited liability: participants in a Comoros company are not liable for the company’s potential debts with their personal assets.
A Comoros banking licence is designed for enterprises intending to carry on banking activity from a responsibly regulated offshore centre. Based on the activities the licence permits, it is well suited to:
The Comoros framework provides two licence classes, and Offshore Pro Group helps clients select the option that matches their intended scope of operations.
The broader authorisation, priced at 68,000 EUR.
A restricted authorisation, priced at 48,000 EUR.
Both classes are subject to a registration fee of 14,750 EUR and to the same minimum-capital requirement of at least 500,000 EUR / USD.
A company applying for a banking licence in the Comoros is required to comply with a range of requirements and rules. These relate to demonstrating the enterprise’s financial stability, the size of its share capital, the presence of a suitable business plan and the successful completion of due diligence.
The company must have one or more directors who hold qualifications or experience in the banking field. This officer — or officers — acts as the point of contact between the regulator and the company and is responsible for monitoring compliance with regulatory requirements.
To prevent unlawful activity and ensure transparency across the jurisdiction’s banking sector, licensed companies are required to comply with anti-money-laundering (AML) rules and with "know your customer" (KYC) rules.
The minimum capital required to obtain a banking licence must be at least 500,000 EUR / USD. This requirement can be satisfied by providing a financial guarantee in the form of funds held in a corporate or personal bank account. The use of crypto-assets for this purpose is also permitted.
A banking licence expires on the date indicated on its reverse, or on the day the licensee ceases to be registered in Anjouan — whichever occurs first — unless the licence is revoked earlier by the Anjouan Offshore Financial Authority. The licence is also subject to any amendments to Government Notice No. 004 of 2005 or Government Notice No. 5 of 2005.
A licence is cancelled ipso facto, without prior notice, if any of the following occur:
The company engages in any activity that is prohibited by, or contrary to, any legislative act or rule of law currently in force in Anjouan.
The company begins to engage in marine or aviation insurance, or in gambling, without a specific licence.
The annual fees for renewing the licence have not been paid.A licence may also be revoked for other reasons specified in the relevant legislation.
Offshore Pro Group guides clients through the full procedure for registering a company in the Comoros and obtaining a banking licence:
Complete the application form and prepare the package of documents.
Submit all required papers by email for checking.
Pay the fees as invoiced.
Registration of the Comoros company begins immediately upon payment; company formation takes 4–6 weeks.
Reserve the chosen company name.
Choose the licence type (Class A or Class B) and pay the corresponding licence fee.
Under a Comoros banking licence, licensees may carry on the following activities:
Operate as financiers, promoters and concessionaires — participating in and carrying out all types of financial, commercial, industrial, trading, operational, development and agency operations, and advancing or lending money, with or without security, to concessionaires, inventors, patent holders and others.
The cost of establishing a company and obtaining a banking licence in the Comoros:
Penalties. Penalty for late payment of annual fees: 9,500 EUR per month for a Class A licence, and 7,500 EUR per month for a Class B licence.
Offshore Pro Group combines specialist knowledge of the Comoros framework with a practical, project-managed approach — delivering company registration and banking licence acquisition as a single, coordinated engagement.
Offshore Pro Group handles both company registration in the Comoros and acquisition of the banking licence within one coordinated process, so clients establish a licensed banking operation through a single point of responsibility.
Specialists prepare the application and documentation package, manage submission, and handle correspondence throughout the review process — and advise on the choice between a Class A general licence and a Class B restricted licence.
Offshore Pro Group helps structure the minimum-capital requirement — through funds held in a corporate or personal account, or the permitted use of crypto-assets — and aligns the licensed entity with the jurisdiction’s AML and KYC obligations.
Clients receive direct access to specialists across multiple channels and a clear, transparent statement of fees and steps from the very beginning, so expectations around requirements, timelines and cost are set before the engagement begins.
It is an authorisation to carry on banking activity from the Comoros, a jurisdiction operating under a Banking Act in force since 1 January 2013 and supervised by the Central Bank of the Comoros.
The Central Bank of the Comoros acts as the regulator, monitoring licensees’ compliance with the legislative framework. Licence validity and revocation fall under the Anjouan Offshore Financial Authority.
Two: Class A (general licence) and Class B (restricted licence).
At least 500,000 EUR / USD. It can be satisfied through a financial guarantee in the form of funds in a corporate or personal bank account, and crypto-assets may also be used for this purpose.
The registration fee is 14,750 EUR. The Class A licence fee is 68,000 EUR and the Class B licence fee is 48,000 EUR. Indicative packages start from 62,750 EUR.
Yes. Late payment of annual fees carries a penalty of 9,500 EUR per month for a Class A licence and 7,500 EUR per month for a Class B licence.
Company registration takes 4–6 weeks, beginning immediately after payment, and obtaining the licence takes up to 4–6 weeks.
Among others: accepting deposits, lending, currency exchange, issuing securities and credit cards, custody and management of securities, providing guarantees, making payments and opening accounts, holding assets for third parties, and e-commerce.
Applicants must demonstrate financial stability, an adequate level of share capital, a suitable business plan, and successful due diligence, and must appoint one or more directors qualified or experienced in banking.
Licensed companies must comply with anti-money-laundering (AML) rules and "know your customer" (KYC) rules.
A licence is cancelled ipso facto, without prior notice, if the company engages in activity prohibited under Anjouan law, begins marine or aviation insurance or gambling without a specific licence, or fails to pay the annual renewal fees. Other statutory grounds may also apply.
It expires on the date indicated on its reverse, or on the day the licensee ceases to be registered in Anjouan — whichever comes first — unless revoked earlier by the Anjouan Offshore Financial Authority.
Offshore corporations in the Comoros are exempt from tax on profit and capital gains; profit tax applies only to income earned within the country.
No. The absence of currency control supports the free movement of capital in any currency.
No. Participants in a Comoros company are not liable for the company’s potential debts with their personal assets.
Yes. Offshore Pro Group’s specialists advise on the appropriate licence class and guide clients through the full registration and licensing process.
Note: this is general information about a regulated financial-licensing service and not legal or financial advice; specifics should be confirmed with an Offshore Pro Group specialist for your situation.
Offshore Pro Group manages the entire process — company registration and banking licence — from application through to approval. Request a consultation to confirm the required documents, timelines and total cost for your project.
