Comoros Crypto License

• The process starts with a detailed consultation that is conducted by our team to understand your crypto activities, target markets, and operational model. Based on this evaluation, our team helps you select the most suitable Comoros crypto license category and regulatory structure aligned with Comoros crypto regulation.  

• Tetra Consultants then helps with incorporating a compliant legal entity in the Union of Comoros. This consists of reserving the company name, preparing incorporation documents, and registering with the relevant authorities.  

• Detailed due diligence is conducted by shareholders, directors, and key personnel. Our team manages all the KYC checks and ensures that the ownership and management structures are meeting regulatory fit and proper requirements.  

• Our team prepares all the required regulatory documents, which include the business plan, AML and KYC policies, and file the application. Tetra Consultants ensures that all the documents are fully aligned with Comoros crypto regulations.  

• Once all the documents are finalized, our team then submits the complete license application to the Ministry of Finance in Comoros and monitors the application status throughout the review process.  

• During the review stage, our team directly communicates with the assigned case officer, addresses all the regulatory queries, and offers additional information or clarifications as required in order to support timely approval.  

• Upon successful review, the Comoros crypto license is approved and issued. This authorizes your business to commence approved crypto activities. 

• After licensing, Tetra Consultants assist with bank account opening and provide regulatory compliance consulting services. Our team oversees the implementation of ongoing Comoros crypto license compliance, which includes reporting, renewals, and regulatory maintenance.  

Documents required for the Comoros crypto license

• The applicant will have to submit the official document that proves that the company is registered as an International Business Company (IBC) in Comoros or any other jurisdiction, including any amendments. This will also verify the legal existence of the entities seeking the license.  

• Proof of registered office/agent, which consists of a lease agreement, utility bill, or a confirmation of the agent for the company’s physical or registered address.  

• Memorandum and articles of association that detail the objectives of the company, along with share structure, shareholder rights, and governance rules. The documents will also outline how the business is going to operate and what crypto services it is providing.  

• Passports and personal IDs for all the directors, beneficial owners, and shareholders, along with secondary IDs such as a driver’s license, ensuring identity verification as per AML standards.  

• Proof of residence, whether through utility bills, bank statements, or government-issued residency proof for main personnel. 

• Police clearance certification, or notarized criminal background checks for relevant countries, which cover at least the last 5-10 years for directors and owners. This will help to confirm no criminal history in financial crimes.  

• CVs or resumes that detail professional, hospitality, and high-level experience in finance, crypto, or compliance for all directors and shareholders. This will show the competence of key personnel to manage licensed activities.  

• 6-12 months of personal/company bank statements along with reference letters from banks or lawyers confirming the good standing of the applicant. This will provide financial stability and reliability.  

• A detailed 20-50 page document that covers customer onboarding, transaction monitoring, risk evaluations, PEP screening, and reporting to the MoF. The AML/KYC policy manual should be aligned with the Financial Action Task Force (FATF) standards for crypto.  

• A detailed business plan that covers services, target markets, revenue model, 3-year financial projections, marketing, and compliance roadmap.  

• A technical system description, consisting of diagrams and specs for trading platforms, wallets, security protocol (such as 2FA, cold storage), and integrations. It will prove secure handling of crypto assets.  

• A domain ownership proof or a registrar letter for website domains. This will ensure control over public-facing operations.  

• Applicant will also be required to submit proof of funds demonstrating that between €20,000 and €40,000 (depending on the business activity) is readily available.  

• An application form that is signed along with the company details, a list of services, and declarations. This will serve as the formal submission cover.  

Requirements for a Comoros crypto license

• The Comoros crypto license, which is issued by the MoF, has nominal but targeted requirements that place special emphasis on compliance and basic corporate setup with at least one local director or even high capital thresholds.  

Corporate formation  

• Incorporate as an International Business Company (IBC) in Comoros or even a compatible offshore jurisdiction. Hire at least 1 director and 1 shareholder of any nationality. One compliance officer of any nationality.  

• Get a registered office address in Anjouan, along with a minimum share capital of approximately €20,000-€40,000 on the basis of business activity, not required to be paid up.  

Compliance and policies 

• The applicant will have to develop and incorporate detailed AML/CFT plan on the basis of the Prevention of Money Laundering and Financial Crimes, and FATF guidelines, which consists of customer onboarding, transaction monitoring, PEP screening, and reporting. The applicant will also have to establish effective KYC processes for client verification.  

• Creation of a risk management framework that covers cybersecurity, liability, and operational risks. The applicant will also have to submit full terms and documentation, which includes client protections such as responsible practices.  

Operational and technical 

• Strong technical infrastructure to secure operations, such as wallets, platforms with 2FA, and monitoring tools.  

Personnel vetting  

• Key personnel such as directors, shareholders, and beneficial owners should have no criminal records. The main personnel will also have to provide proof of good reputation through bank references, and professional letters from their accountants or lawyers.  

Common challenges in getting a Comoros crypto license and how we can help

Unclear licensing scope 

• One of the most common challenges that applicants face is determining the correct scope of the Comoros crypto license for the proposed crypto activities. Misalignment between the business model and the license category usually leads to delays or raises additional regulatory queries. At Tetra Consultants, our team conducts a detailed business evaluation at the outset in order to ensure the licensing scope is clearly defined and is aligned with the Comoros crypto regulation.  

Regulatory queries and follow-ups 

• During the review process, regulators will require additional clarifications or information, which can slow down the approval process if not handled correctly. Our team manages all regulatory communication, communicates directly with the assigned case officer, and responds effectively to regulatory queries in order to keep the application on track.  

Bank account opening difficulties 

• Most banks and financial institutions are wary of crypto businesses. This is why crypto businesses find it difficult to open a bank account without proper regulatory structuring. At Tetra Consultants, we support our clients and help them to open a bank account by using our connections and ensure that your business is presented in a compliant and bank-ready manner.  

Complex documentation and compliance requirements  

• Applicants find it difficult to prepare regulatory documents like the AML, KYC policies, risk management frameworks, and technical systems descriptions, which can be time-consuming and complex. Most of the time, incomplete or inconsistent documentation leads to application delays or even rejections. At Tetra Consultants, our team prepares and reviews all the required documents to ensure accuracy, consistency, as well as regulatory compliance.  

Cost of getting a Comoros crypto regulation

• The cost of getting a Comoros crypto license under Comoros crypto regulation is impacted by various factors, including the nature of the crypto activities, the regulatory context selected, the level of compliance needed, and the overall operational structure of the business. Expenses usually cover elements like the company incorporation in Comoros, preparation and submission of regulatory applications, development of compliance frameworks, this includes AML and KYC policies, and post-licensing obligations like the annual renewals as well as regulatory reporting. At Tetra Consultants, we follow a transparent pricing approach with a no-hidden-fees policy, offering our clients a comprehensive and upfront cost breakdown before the start of the engagement. This transparency enables businesses to plan their budgets, accordingly, avoid unexpected expenses, and proceed with confidence throughout the Comoros crypto license application and ongoing compliance procedures.  

Why should you choose Tetra Consultants?

• Selecting the right consulting partner is significant when applying for a Comoros crypto license, and Tetra Consultants stands out as an international, trusted firm. Our team has deep expertise in crypto licensing and general compliance, with extensive experience in navigating through the Comoros crypto regulation. At Tetra Consultants, we provide end-to-end support that goes beyond basic application filing. From evaluating your business model and structuring the most suitable license category to manage regulatory communication and ensuring ongoing Comoros crypto license compliance, our team provides a seamless, efficient, and transparent licensing journey. Here is why our clients choose us: 
  • End-to-end assistance for Comoros crypto license applications 
  • Personalized licensing and compliance solutions on the basis of your business model 
  • Transparent pricing with a strict no-hidden-fees policy 
  • Proven experience of working with international crypto and blockchain businesses 
  • Support with AML, KYC, risk management, and post-licensing compliance 
  • In-depth understanding about Comoros crypto regulation and compliance requirements 

Looking to get a Comoros crypto license

• If you are planning to launch or expand your cryptocurrency or virtual asset business, then getting a Comoros crypto license can offer a strategic and compliant pathway to operate in the international digital asset market. The jurisdiction has a flexible regulatory framework, business-friendly approach, and proportionate compliance requirements under the Comoros crypto regulation, and provides an attractive solution for both startups and established crypto companies. Collaborating with an advisory firm is necessary to ensure a smooth licensing journey and long-term compliance. At Tetra Consultants, we offer end-to-end support from initial consultation and regulatory evaluation to license approval and ongoing Comoros crypto license compliance, enabling you to mainly focus on growing your business with confidence.  

• Contact us today to start your Comoros crypto license journey, and our team will get back to you in 24 hours.  

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