In recent years, the Comoros Islands have become an attractive destination for companies seeking a forex license. This small archipelago in the Indian Ocean offers several significant advantages that make the official document presented on the site https://sb-sb.com/services/invest/forex-licenses/comoros/ particularly attractive to startups and small brokerage firms, who would like to receive help from professionals of SBSB Fintech Lawyers.

It is important to take a closer look at why more and more companies are turning their attention to it as a jurisdiction for obtaining a Forex license. There are a lot of advantages for those people who would like to run a legal business.

Affordable licensing costs

One of the key factors that attracts companies to Comoros is the significantly lower cost of obtaining a license compared to other jurisdictions. This is especially important for startups and small brokers who are looking to minimize start-up costs. The ability to obtain legal status and start working with less financial investment makes Comoros an attractive option for many entrepreneurs in the financial services sector.

This Forex license has an impressive scope of permitted financial transactions. In addition to currency trading, the license allows you to work with different types of assets:

• futures;
• stocks;
• precious metals;
• cryptocurrencies. 

It gives the right to provide asset management services and other financial services worldwide. Such versatility of the license opens up wide opportunities for business diversification and expansion of the range of services offered. Comoros attracts companies with its more liberal approach to forex regulation.

A simplified regulatory structure and less stringent licensing requirements make it much easier to enter the market. This is especially valuable for young companies that may find it difficult to comply with the strict regulations in more stringent jurisdictions.

The country offers quite flexible conditions regarding the company management structure. For example, the director and shareholder can be the same person, both natural and legal. The absence of restrictions on the nationality of the director and shareholder also simplifies the process of establishing and managing the company for international entrepreneurs.

The Procedure for Obtaining The License

Despite all the advantages, companies should carefully approach the process of obtaining a license. It is important to comply with all the requirements of the regulator, including the preparation of the necessary documents, the development of AML/CFT/KYC policies, and confirmation of experience in the forex market.

It is worth noting that although Comoros offers attractive conditions for obtaining a forex license, companies should carefully consider the choice of jurisdiction. It is important to consider not only the benefits but also the potential risks associated with less strict regulation.

Richard