Gambling Licence in Comoros

The Comoros Islands are becoming increasingly attractive and popular jurisdiction for licensing gambling projects. The team of experts at SBSB Fintech Lawyers considers this country an excellent option for registering a company and licensing online gambling operators. Minimal bureaucratic requirements and a straightforward procedure for obtaining permission for legal activities attract investors.

Comoros Gambling Industry

A stable political system and a liberal approach to the gambling sector attract investment from around the world to the country. The Comoros actively develop infrastructure for registering gambling companies. The functions of the Comoros Gaming Authority are carried out by the Anjouan Offshore Financial Authority, which is directly responsible for issuing licenses. The Comoros gambling laws (including the “Law on Betting and Gambling” and the “Law on Licensing of Computer Gambling”) allow registration of online and land-based casinos in the country. The articles of the regulatory acts outline the rules for providing gaming activities, the licensing procedure, and the requirements of the regulatory body.

Advantages of Online Gambling Licenses in Comoros

The gambling industry is always a high-risk business, so it is important to choose the right jurisdiction for registering a business. SBSB specialists, providing quality legal support at all stages of registration, recommend clients to choose this jurisdiction and obtain a license for betting activities in Comoros for several reasons:

• The government of the Comoros Islands complies with international requirements to combat illegal money laundering activities. This automatically indicates that you are conducting a transparent business and builds trust from banks and users of your platform.
• Low cost of license and project maintenance compared to other jurisdictions. This attracts the attention of potential investors, as operators can launch iGaming businesses even with a limited budget.
• Relatively fast and simple licensing procedure. This allows you to launch your project in the shortest possible time.
• Favorable tax climate. The country has a zero tax rate on gross income derived from gaming activity.
• Strategic geographical location in the Indian Ocean. This is a fortunate opportunity to introduce your product to the markets of Africa and Asia.

Please note that according to Comorian gambling regulations, operators receive a gambling license covering online casinos, bookmaking, poker rooms, esports, and other types of gambling.

How to Obtain Comoros Gambling Permit

The first stage of launching a legal gambling business is registering a company in this jurisdiction as an International Business Company (IBC). This procedure is followed by the preparation of the document package and its submission together with the application. Then the regulator makes a decision to issue a license. Licensees must use banking institutions in the Comoros Islands for financial transactions.

Requirements for Obtaining a gaming License in Anjouan

To obtain permission for activity, you must comply with a list of basic requirements:

• provide notarized documents of directors or shareholders (passport copies with full names, certificates of no criminal record);
• develop a business plan;
• describe the KYC procedure, prepare corresponding AML/CTF policies, and responsible gaming rules;
• obtain a certificate of non-criminalization and absence of convictions related to money laundering. The document must be notarized.

Please note that the paid-up capital must be at least €250,000. For more detailed information on the requirements of local legislation, you can contact SBSB specialists.

Cost of Comoros Gaming License

Each project is calculated individually. The cost depends on the business model of the company, the type of license, the size of registration fees, and other requirements of the regulator for gambling projects in the chosen jurisdiction. To find out more about the exact cost of an iGaming license, contact our company’s specialists!

Why You Should Turn to SBSB Fintech Lawyers for Regulatory Approval for Gambling in Comoros

If you need to obtain a license for a gambling business, contact SBSB lawyers! Since 2013, our team has been providing comprehensive legal support at all stages of the project – from choosing the optimal jurisdiction and selecting payment solutions to registering the company and successfully launching your business after obtaining a license for gambling. Submit a request for a consultation with experienced lawyers, and you will receive answers to all your questions about licensing and launching gambling projects!