Crypto License in Anjouan

Licensing process for crypto companies in Anjouan

The licensing process is one of the most straightforward for getting a crypto license in 2025.

With LegalBison's assistance, all the legal documents are gathered to file an application. As we cooperate directly with the Anjouan authorities, our FinTech lawyers represent your company and explain your project to the authority. The application is then approved in 99% of the cases, in the very short timeframe of about 10 to 15 days (two business weeks).

The license certificate are then sent to you, first by email in digital form, and then by physical mail.

Governmental Statements on Crypto in Anjouan

Anjouan is an autonomous island of the Comoros, whose population represents about 40% of the country. The Comoros' government didn't comment yet on the topic of cryptocurrency nor on the activities relative to the provision of virtual asset services. This is because the authority on the matter has been fully delegated to the Anjouan Offshore Finance Authority, back in 2004, with full enforcement of this decision in 2005. Since then, the autonomous islands of Anjouan have been responsible, through the OFA, for regulating financial activities. As crypto became one of the growing activities in the industry, Anjouan responded by crafting one of the most competitive crypto licenses.

Requirements for companies engaged in crypto activities in Anjouan

The Anjouan International Crypto License has requirements among the lowest and simplest for such an authorization. The licensing application should basically provide information on the board and executives on the one side, and information on the systems and compliance policy on the other side. The latter does not need to be as stringent as in other crypto licensing frameworks, making it more interesting and relevant to project who do not yet have a compliance service set in place.

It is recommended to have internal AML and KYC policies in place to comply with international standards, though it is not strictly mandatory to enforce them under Anjouan regulations.

To recap, a company willing to apply for an offshore crypto license in Anjouan should prepare the following:

• Complete set of corporate documents;
• ID documents, proof of residence and bank statements for Directors and Shareholders;
• AML/KYC and compliance policies;
• Description of the technical systems and processes used for Cryptocurrencies.

The process of setting up a company for a cryptocurrency business in Anjouan

As underlined previously, there are two ways to go about the formation of a company with the goal of getting a crypto license in Anjouan:

• Registering an IBC in Anjouan;
• Applying for the Anjouan license with an entity registered in a different jurisdiction.

In the case of registering an International Business Company (IBC), the process is as for any offshore company formation: documents are provided and forwarded for registration of a legal entity. The whole process takes 4-5 days as the documents have been duly completed and provided.

Taxation for cryptocurrency companies in Anjouan

Anjouan being an offshore jurisdiction and a tax haven, it does not levy a corporate tax on cryptocurrency companies. Similarly, there is no applicable VAT on financial services such as virtual asset services.

It is important to note that these tax rates apply to companies in Anjouan and not to foreign companies operating under an Anjouan crypto license. The taxation of companies licensed in Anjouan but registered in another jurisdiction will depend on the tax rules of the other jurisdiction. Anjouan will then only charge an annual fee for renewing the license.

Obligations for crypto companies in Anjouan

Anjouan crypto companies benefit from a very flexible regulation and the absence of taxation on their activity.

In counterpart, the Offshore Finance Authority obliges licensee to renew their license on a yearly basis. This renewal includes a few checks, who are included in LegalBison's services, and the payment of the annual fee.