Gambling Webhosting and Licensing

Monday, 25 May 2015

Online gambling - jurisdictions - Comoros

Comoros gambling licenses

The Union of the Comoros is a Sovereign Island Archipelago situated in the Indian Ocean off the East coast of Africa between Northern Mozambique and the North of Madagascar. Its Capital Moroni is situated on Grand Comore Island. In February of 2005 the Betting and Gaming Act was passed to legalise and regulate online gaming, racing bets, sports betting, casino, lottery and bingo online gambling. This was made possible via the establishment of a Gaming Board that has been tasked to provide for related or incidental matters.

Corporate tax: 30% - 50% income dependant
Gambling tax: TBA



The Local currency is the Comorian Franc (KMF)

Who manages E-Gambling in Comoros?
The only authorised agent to issue all online gambling licences in the Comoros is Anjouan Corporate Service as appointed by the Legislative Assembly of the Anjouan Offshore Finance Authority.

Overview:
All licences for banking, insurance, gaming as well as commerce and industry are obtained through Anjouan Corporate Services. To obtain a license all clients will have to complete an application form and an IBC will be issued a license will then be granted to the IBC assuming all criteria are met.



International Business Companies are usually limited by share capital, but may also be limited by guarantee or in extreme cases by both. A minimum of one shareholder can be represented as an individual or a company. A company does not need a physical presence in the country; however it does need to do business through a local bank.

It is important to understand that having a Gaming License is no guarantee that a bank will open an account for you or that banking services including Merchant Services will be automatically be granted.

Comoros will grant gambling licenses to most international companies and a single license covers most types of gambling. You can complete the application form on their website.

Once the application form has been submitted, the due diligence can take up to 14 working days, depending where the directors are from, once this is complete, the license will be issued, stamped and sealed and sent directly to the applicant.

Security Requirements / Indemnity for Player Deposits:
None have been mentioned

Licence Fee:
License fees €20,000
Additional Fees:
International Business Company €750
Application fee €1,000 (first year only)
Due Diligence €1,000 (per director)( First year only)
Administration fees €1,500 (first year only)
Courier costs €100
Licence Length:
1 year
Licence Renewal Fees:
€15,000 plus the International Business Fee of €750

Software Testing Requirements:
None have been mentioned
Reporting Requirements to Regulators:
None have been mentioned
Anti-Money Laundering Policy:
None have been mentioned
Comoros Restrictions:
None have been mentioned

Contact Details:

Address
Anjouan Corporate Services Ltd
BP 269 Mutsamudu
Anjouan
Union of Comoros

Website
www.anjouancorporateservices.com

Email
gaming@anjouancorporateservices.com

General Information
+ 269 334 1489

Online casinos licensed in Comoros
Slotland
Win a Day Casino

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