FAQs:
What is the cost of a Moheli Forex License?
Costs: $500 monthly operating cost, $24,000 application fee
What documents are required for the Mohéli Forex License’s essential components?
A local director and legal address are required for the Mohéli Forex License, along with a passport, utility bills, and letters of recommendation from banks. There is no requirement for capital, but there are expenses such as a $24,000 application fee and a $500 monthly operating fee. The Mwali International Services Authority (M.I.S.A.) in Mohéli is the organization that issues the license.
What advantages come with getting a Mohéli Forex License?
Favorable tax rates of 10% are one of the advantages, and dividends, interest, and capital gains are not subject to any additional taxes. Within 24 hours, businesses can register online, and Mohéli offers political stability. Additionally, Mohéli has a distinct financial sector from the Central Bank of Comoros, and the over 12,000 companies registered with M.I.S.A. attest to its legitimacy.
What negative aspects of the Mohéli Forex License exist?
The Mohéli FX license may not be recognized internationally, which is a potential drawback that necessitates ensuring regulatory compliance in each operating nation. Additionally, regulations are subject to change, just like in any offshore Forex jurisdiction, so it’s critical to stay informed.