Anjouan Insurance License
Enter the insurance industry with a recognized international license. The Anjouan Insurance License is your key to starting an insurance activity.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.
Advantages and benefits of basing your insurance business in Anjouan
When starting or expanding an insurance activity, the Anjouan International Insurance License can provide you with beneficial business conditions. The license allows for numerous types of insurance activities, even allowing for the inclusion of new technologies such as virtual assets.
- Insurance Activities
- Offshore Taxation
- Low Compliance
- Other Financial Services
Insurance activities permitted by the Anjouan license
The Anjouan International Insurance License allows for a very wide spectrum of insurance-related activities.
Below is a list of common insurance services that companies are offering with an Anjouan license.
- Life and Health Insurance
- Reinsurance Services
- Property and Liability Insurance
- Captive Insurance Structures
- Marine and Aviation Insurance
- Specialty Risk Coverage
- Corporate and Personal Risk Management
- Insurance Brokerage
Taxation of Anjouan insurance companies
Anjouan is a traditional offshore jurisdiction and tax haven. In this fashion, no corporate income tax applies to companies registered in this jurisdiction.
The corporate income tax rate is 0%.
As for most offshore jurisdictions, companies registered in Anjouan are not allowed to provide services within the territory of the jurisdiction.
There is no applicable VAT in Anjouan.
Compliance requirements of Anjouan insurance companies
The Anjouan Offshore Finance Authority has set fairly low requirements for usual compliance. Basically, Anjouan insurance companies must acknowledge the applicable AML-CFT laws and generally apply good measures as suggested, for example, by the FATF.
LegalBison advises and assists with drafting proper compliance documents (AML-CFT policies and procedures, KYC and customer due diligence rulesets) so that non-mandatory enforcement is made easier if desired.
Multi-license entities in Anjouan
Any company registered in Anjouan can apply for more than one license. This way, an Anjouan insurance company can also apply for an additional crypto license, gambling license, Forex license or banking license.
Legal assistance in forming an Anjouan International company: our packages
Important: due to minor subtleties in the legal work to be provided, we do not showcase a one-size-fits-all pricing for our services in forming an Anjouan insurance company with a license. Contact our consultants and present your activity in order to receive a detailed quotation.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
+44 20 4577 0974
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.
+372 53 42 2033
Everything required to start your insurance business in Anjouan.
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Company registration in Anjouan (IBC)
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Legal address registration
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Set of corporate documents
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Assistance with the Anjouan International Insurance License
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Drafted AML-CFT policies and procedures
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Legal documents package for your website
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Assistance in searching and appointing a compliance officer
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EU-based AML course for up to three participants
The complete set-up with additional custom legal documents.
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Company registration in Anjouan (IBC)
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Legal address registration
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Set of corporate documents
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Assistance with the Anjouan International Insurance License
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Drafted AML-CFT policies and procedures
-
Legal documents package for your website
-
Assistance in searching and appointing a compliance officer
-
EU-based AML course for up to three participants
A complete set of services to cover all your angles from day one.
-
Company registration in Anjouan (IBC)
-
Legal address registration
-
Set of corporate documents
-
Assistance with the Anjouan International Insurance License
-
Drafted AML-CFT policies and procedures
-
Legal documents package for your website
-
Assistance in searching and appointing a compliance officer
-
EU-based AML course for up to three participants
Process, duration, cost and requirements of an insurance license in Anjouan
The Anjouan Offshore Finance Authority (OFA) grants an offshore insurance license that allows businesses worldwide to provide insurance services internationally. In just a few weeks and with LegalBison’s assistance, your insurance company can be up and running. Below are detailed answers on the process, duration, cost and requirements of an insurance license in Anjouan.
The process to form an insurance company in Anjouan
The process of getting an insurance license in Anjouan is simple and straightforward. It requires first registering a company in Anjouan in the form of an International Business Company (IBC). Once your Anjouan company is set up, the application process for the insurance license can begin. As the necessary legal documents are drafted by our legal team, the screening process from the Anjouan is short and last a business week or less.
As the company is registered and the insurance license has been granted, LegalBison can pursue assistance with services pertaining to opening a corporate account for your insurance business.
How long does it take to get an insurance license in Anjouan
The procedures in Anjouan are usually very fast. What entrepreneurs must keep into consideration is the time necessary to gather and prepare the documents pertaining to the corporate structure and licensing process.
Experience shows that 3 to 5 weeks is a realistic timeline for forming an insurance licensed company in Anjouan. This equates the Minimum Package presented into the package section above.
Price and cost of an Anjouan international insurance license
Entrepreneurs willing to create an insurance business licensed in Anjouan should expect complete costs in the five figures. The cost of creating an insurance company in Anjouan covers the registration of a company and everything necessary to apply for the international insurance license.
Insurance companies registered in Anjouan are liable to renew their license and, if necessary, corporate services such as the company legal address in the jurisdiction. The license renewal incurs an annual fee, to be paid from January 1st of each year.
Required documents and information to form an Anjouan insurance company
In order to properly prepare the application for an insurance license in Anjouan, you shall prepare the following set of documents:
- A full set of corporate documents,
- Passports, utility bills, and bank statements for Directors and Shareholders,
- Drafting of AML/Compliance policies,
- A description of the technical infrastructure and processes used to deliver insurance services.
LegalBison can assist you with the drafting and provision of high quality legal and corporate documents.
What LegalBison clients say
As a result of the fruitful cooperation with LegalBison, Yellow Card obtained a VASP registration, fast and without any legal complications.
LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
About the Anjouan international insurance license
A complete Anjouan insurance set-up, including a company, license application and all the necessary support services, would go somewhere in the five figures. This makes it one of the cheapest way to access the insurance industry. For a detailed quotation, please get in touch with our consulting team.
The Anjouan insurance license allows for a very range of services. From classical insurance of goods or individuals (offshore life insurance) to offshore captive insurance or offshore reinsurance. It is also worth noting that it is possible to accumulate financial licenses in Anjouan, in order to provide composite services (for example: banking and insurance).
The process of getting an insurance license typically takes approximately one week. If we take into account all the corporate structure set-up and legal documentation drafting, the overall process may take around one month and a half.
Send us a request, receive a detailed plan
Our consulting team is available to analyze your project and design a legal solution and a corporate structure that fits your expectation and budget. With the assistance of our lawyers and experts, your insurance company is set for success from its inception.
Describe your business project and we will get back to you during the nearest business hours.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.
