Comoros banking license

Sep 24, 2021

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AOFA that covers the financial sector in Anjouan stipulates a set of regulations for a Banking License to be met by all offshore banking institutions, id est the Banking Law. Pursuant to the Law, the OFA or the Anjouan National Bank is empowered to give licenses to banking institutions. There are two kinds of licenses: Class A is designed for onshore institutions that provide services both for international and domestic clients. Class B represents the single sort of offshore banking license, referred to as a Class B bank or a second-floor bank, offered in Anjouan.

If you are interested in the offshore banking license for sale in the Comoros Islands please check our website.

Overview of a licensing regime

Class B is a permit for services provision available for offshore institutions in Anjouan. It allows the taking of deposits and the offer of financial services to clients worldwide, also including the administration of trusts and the provision of a normal range of banking services. There is an established set of requirements to be met by all offshore banking institutions.

A reserve requirement is $ 100,000. This can have a form of a guarantee that cannot be amended nor canceled during its validity period from an overseas bank or as a deposit at the local bank. Licenses of both Class A and B may be obtained by international institutions.

Becoming a holder of a banking license is a comparatively fast process due to the absence of bureaucracy. The procession period normally takes 8 weeks.

The Law sets forth no specific requirements for local branches or personnel, but local establishments can submit representative offices. In addition, Nostro and Vostro accounts can be organized contingent on due diligence regulations.

The banking legislation and laws adopted in 2005 have a comprehensive and flexible structure developed on years of a thorough analysis of the practice of other offshore centers in the leading countries.

A strong model ensures a safe and no-hassle business climate. It is crucial to have a good reputation of the business owners, an approach that is not used in many jurisdictions. This will disroot a range of the issues that other countries have got through over the years.

Benefits of License

• Attractive tax regime - income generated outside the Union of Comoros is free from taxes.


• Confidentiality – strict laws in terms of privacy protect clients;


• Property protection – assets in a client’s account are protected against loss.

If you consider setup or are looking for an offshore banking license for sale you can also check available options on our website.

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