Anjouan Forex License

Anjouan Forex License 

• The Anjouan Forex License has proven to be one of the most desired options for companies in the investment and financial sector, especially in forex and securities trading. Located within the Union of Comoros, Anjouan offers a self-regulated jurisdiction that has become very popular because it is relatively inexpensive and straightforward in licensing and business legislation. Unlike Curacao, which has tightened its regulatory requirements recently, Anjouan remains attractive because of its minimal requirements, such as no requirement for a local office or directors and relatively low share capital. 

• Tetra Consultants is your one-stop solution for companies looking to streamline the licensing process and navigate compliance effortlessly. From incorporating your company to drafting AML/KYC policies, let us ensure you comply with all local regulations and obtain an Anjouan Forex License. With a strategic location and no income tax, Anjouan remains a global destination for entrepreneurs scaling their forex business in a rather favorable economic environment. 

Advantages of Anjouan forex license 

Cost-effective licensing 

• Getting a forex license in Anjouan is more cost effective as compared to most jurisdictions such as the UK or Cyprus. This has been an attraction for most start-ups and small forex firms since they lack the financial resources to put in huge resources in other jurisdictions. Financial pressure is, therefore, alleviated, giving a company room to spend more money on marketing, technology, and operational enhancement instead of expensive licenses. 

No income tax or corporate tax 

• Anjouan provides tax-free facilities to foreign companies; thus, it does not apply any corporate tax or capital gains tax on the forex business. This is advantageous to firms, especially those which have a primary aim of earning the highest returns to invest back into growth opportunities. The lack of these taxes results in greater net earnings that may make the competition easier to beat. 

No local presence required 

• Forex companies do not need to have a physical office or local directors in Anjouan. This should enable foreign businesses to work as a distributed company and therefore save on overheads necessary to maintain a presence locally. It also relieves them of the administrative burden of adhering to the local employment laws and regulations. 

Unrestricted market access 

• Anjouan does not have restrictions for trading with a particular country. This means licensed forex firms are free to transact with customers from any place in the world. This lack of restriction on access opens more opportunities for increasing the customer base and diversifies the business range across various markets, thus raising revenue opportunities. 

Stable legal framework 

• The regulatory framework in Anjouan is aimed at harmonizing with the international standards set up, and thus it is a stable legal environment for forex operations. Stability gives a reason for trust to the clients and partners because businesses are confident that they are complying with known regulations. In addition, it makes international cooperation and partnership possible. 

Developed infrastructure 

• Anjouan has all the modern infrastructure and support services to increase forex companies’ operational abilities. This encompasses dependable telecommunication services, bank services, and technology support for effective trading. Business organizations manage high service standards by accessing developed infrastructure and achieving better general satisfaction with their clients. 

Timeline of obtaining Anjouan forex license  

• Getting a forex license in Anjouan follows a systematic time frame. It takes 2 weeks to set up a company. Once submitted, the license will usually take around 1 month, assuming all the papers submitted are in order and not riddled with mistakes. It also requires a corporate bank account opening. The average time for that would be 4 weeks before a company could conduct operational activities smoothly. Thus, overall, it takes around 2-3 months to obtain an Anjouan forex license. 

Types of Anjouan forex license  

B2B: 

• The B2B Anjouan forex license is designed for companies that deal with other businesses and not with end-users. The companies primarily target institutional clients like smaller forex brokers by offering necessary services such as liquidity provisioning, forex technology solutions, and white-label platforms. Focusing on the support of other financial institutions, B2B entities provide infrastructure, technology, and tools to help other businesses conduct business smoothly in the forex sector. While complying with regulatory requirements, such institutions focus on the strong risk management and compliance functions that each business may have to meet the given institutional clients. 

Requirements: 

• For applying for a B2B license there are following requirements: 
  • An applicant should present a concise business plan, proof of ownership of a domain, description of the business model (e.g., owns games or aggregates games), and  
  • A copy of the agreement used in licensing operators. 
  • Copies of RNG testing certificates, agreements with content providers if applicable, and  
  • Compliant KYB/KYC policies in place for the onboarding of operators, and  
  • The T&Cs of the business must also be submitted as part of the application. 

B2C: 

• B2C Anjouan forex license is for businesses which have a direct relationship with retail clients, they trade in forex for individual traders. The firms are forex brokers with access to trading platforms, educational material as well as customer support. The focus is individuals who undertake trading in forex for personal investment. B2C businesses need to adhere to the legal requirements of consumer protection legislation, be transparent, and provide quality service in order to win trust and invest good relations with their retail customers. 

Requirements: 

• For applying for a B2C license there are following requirements: 
  • Applicants must submit a brief business plan, proof of domain ownership, and a website that complies with regulatory standards.  
  • The latter includes compliant terms and conditions (T&Cs), KYC policies, as well as responsible gaming measures, measures on underage gaming, and AML compliance.  
  • Copies of RNG testing certificates and agreements should be included with game or content providers for the gaming system. (if applicable) 
  • The declaration of UBO shall accompany the application. 

Regulatory authorities of Anjouan Forex License 

• The Anjouan Offshore Finance Authority, established in 2001, is the regulatory authority responsible for overseeing forex licenses in Anjouan. AOFA is the primary financial regulator within this jurisdiction, ensuring that all licensed entities comply with the relevant financial regulations and standards as defined by the 2001 Comoros Constitution.  

• The licensing of diverse financial institutions-including forex, amongst others-also falls within the mandate; similarly, with anti-money laundering and counter-terrorism financing laws via the Prevention of Money Laundering Law promulgated as Government Notice 008 of 2005, AOFA forms the foundation through which a sustainable financial ecosystem might be established by ensuring that a protected environment does exist for various participants in markets while ensuring also sustainable economic growth.  

• AOFA thus maintains strict oversight to ensure that forex businesses are operating within a framework that respects responsible financial practices and safeguards against illicit activities. 

Why proceed for Anjouan Forex License? 

• The proceeding of an Anjouan forex license provides businesses with an attractive prospect of entering the global forex arena. The process of licensing in Anjouan is efficient, thus more cost-effective as compared to the costs and requirements imposed by highly regulated jurisdictions. In addition, the tax environment is very friendly, with no corporate tax and no capital gains tax, reducing operational costs considerably, thus enabling firms to better utilize their resources.  

• The regulatory framework of Anjouan is aligned with international standards while ensuring compliance but maintaining a high level of confidentiality for licensed entities. The low cost and ease of entry, coupled with a regulated environment, makes an Anjouan forex license an alluring prospect for new entrants as well as established financial institutions seeking to expand their presence in the competitive forex landscape. 

Activities allowed under the Anjouan Forex License 

Those firms with the Anjouan Forex License, which technically refers to an International Brokerage and Asset Management License can exercise several diverse activities related to money business. Major Allowed Activities here under license are as follows: 

Forex trading:  

• Trade currency using the trading platforms, including margin and leverage. 

Securities trading:  

• Trade stocks, bonds, and other securities 

Commodities trading: 

• Buy and sell physical goods like oil, gold, and agricultural products 

Asset management services:  

• Offer portfolio management and investment advice to customers, managing their assets on behalf of the client. 

Mutual fund management:  

• Establish and manage mutual funds for collective investment purposes. 

Establishment of investment funds:  

• Collect capital from a pool of investors to invest in different investment strategies. 

Wealth management services:  

• Provide personalized financial services to high-net-worth individuals, which may include investment planning and asset allocation. 

Private banking services:  

• Deliver banking services specialized in wealth management for the wealthy. 

Issuance of derivatives:  

• Issue options and futures contracts, including crypto derivatives. 

Financial consulting:  

• Advice clients on the best investment strategies and financial planning. 

Restricted markets and territories for Anjouan Forex License 

• The Anjouan Forex License has restrictions in certain markets with regard to operations; licensees will have to institute GEO IP blocking for certain jurisdictions. Prohibited regions include Australia, Austria, Comoros, France, Germany, Netherlands, Spain, United Kingdom, USA, and all FATF-blacklisted countries. Any other jurisdiction that may be restricted as declared by the Anjouan Gaming Board and Offshore Financial Authority also needs to be excluded. Licensees should perform full due diligence on a player before admitting or registering from any territory for the full fulfillment of local legislation and regulation requirements. To remain within the acceptable scope of such a license, requirements must be adhered to avoid penalties. 

Application forms required to obtain a Forex License in Anjouan 

• The following forms must be fully completed and submitted to apply for a license: 
  • 1 License application form 
  • 1 Form for the Director, Shareholder, UBO, and Key Person mentioning their personal information. 
  • 1 Declaration Form for each Ultimate Beneficial Owner (UBO). 

Process of obtaining Anjouan Forex License