Regulators： Comoros

Regulatory region： Comoros

License Type： FOREX

Application price (USD)： ***

Application frequency： 4 MONTHS

Maintenance costs (USD)： ****

Company summary： Overview of Forex license in Comoros Islands The Forex industry is one of the key sectors of the Comoros economy. Many monetary services companies are opening offices in the islands to gain access to this important market. Regulation of forex brokers in the Comoros is carried out by the Ministry of Finance and Budget, which is responsible for granting licenses for activities in this area. Obtaining a Comoros forex licence can be beneficial for forex brokers as it allows them to position themselves in the international forex market and offer their favors to investors worldwide. The Comoros license also allows brokers to attract clients from different countries and conduct investment transactions without paying income taxes. Benefits of obtaining Comoros brokerage license Achieving a Forex broker license in Comoros has several advantages: Low capital requirements. Comoros has the lowest minimum fund demands of all jurisdictions granting Forex brokerage licenses. This means that it is

Product details： Requirements for obtaining offshore forex licence in the Comoros Islands In order to obtain a permission for Forex activities in the Comoros Islands, certain requirements must be met. The most important of them are the following: Company registration: Before obtaining a permission, a firm must be enrolled in Comoros and have an office in the country. Registration demands depend on the type of company (for example, LLC, corporation, partnership). Regulatory Compliance: The company must comply with all regulations and standards set by the Comoros government and worldwide regulatory organizations. For example, the firm must ensure reliable protection of customer information and comply with capitalization requirements. Go through the licensing procedure: the company must apply for a Forex license to the relevant Comoros regulatory authority. It may take from 3 to 6 months to make a decision on issuing a license. Financial guarantee: the company must provide a financial guarantee to cover