International Business Companies

International Business Companies

International Business Company Law

The International Business Company is under the Comoros act Registrar of International business companies under Act number: 17-008/03/IBC/AU, Law No 17/008/AU

Which sets the framework for the incorporation, regulation, and supervision of IBCs in The Union of the Comoros. The legislation is flexible, innovative and user friendly, and allows business to be carried out in an efficient manner.

IBC AND LICENSES APPLICATION FORM

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Formation

Application for an IBC shall be submitted through Comoros Services Ltd to the Registrar of International Business Companies on the prescribed application form together with the necessary due diligence documents below. The law states that companies registering or licensing in Comoros must appoint a local representative or registered agent, who in turn must have the specific authorization to engage in such business.
The only current authorized company is Comoros Services Ltd, who are authorized by the Comoros Central Bank.

IBC requirements:

  • CVs of all the directors
  • Full contact details of the directors 
  • Reference for all the beneficial owners
  • Clear certified passport copies of all beneficial owners
  • Proof of addresses of Directors (utility bills)
  • Legal document for the shareholding companies (articles, certificate of incorporation etc)
  • Latest audited financial statements for all shareholding companies (if any)