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Comoros Banking License

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Comoros / Anjouan Banking License: AOFA Offshore Bank Authorisation in the Indian Ocean

The Anjouan Offshore Finance Authority (AOFA) regulates offshore banking in the Autonomous Island of Anjouan, one of the three main islands of the Union of Comoros in the Indian Ocean. The Union of Comoros operates a federal structure in which Anjouan maintains autonomous authority over its offshore financial services sector under the Anjouan Offshore Finance Authority Act. The AOFA framework is one of the most accessible offshore banking licensing regimes in Africa and the Indian Ocean region, with relatively low minimum capital requirements and a streamlined application process designed for international banking vehicles serving exclusively non-resident clients.

Anjouan offshore banking licences are widely used by international financial services groups needing a low-cost African offshore banking vehicle for non-resident client operations, including private banking, forex, and treasury management activities. The AOFA has progressively strengthened its AML/CFT supervisory framework in response to international standards.

Minimum Capital

USD 1 million minimum paid-up capital for an Anjouan offshore banking licence. Capital must be deposited and maintained as a condition of continued authorisation by the AOFA.

Directors

At least two directors of good character and banking or financial services competence are required. The AOFA conducts background assessments of all proposed directors and beneficial owners.

Registered Agent

An AOFA-approved registered agent in Anjouan must be appointed and maintained for the duration of the licence. The registered agent provides the bank's registered address and handles all AOFA regulatory filings and correspondence.

AML/CFT Compliance

A comprehensive AML/CFT compliance programme aligned with international standards is required. Annual audited financial statements must be submitted to the AOFA to maintain the licence in good standing.

Tax Position

The Union of Comoros has no capital gains tax and no withholding tax on dividends or interest paid by offshore banking entities licensed by the AOFA. Offshore banks are generally exempt from local income tax on all offshore income earned from non-resident clients outside the Union of Comoros.

Neptune Fiduciaries: Comoros / Anjouan Banking Licence Support

Neptune Fiduciaries handles Anjouan offshore bank licence applications including AOFA pre-application engagement, business plan preparation, director vetting, registered agent coordination, and ongoing AML/CFT compliance advisory.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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