If you plan to start a business in Africa, Comoros is a good choice for registering your company. The Manimama Law Firm has conducted in-depth research, analyzed the main subtleties of incorporating in the Comoros, and is ready to share its results and help you choose the right jurisdiction. 

What are the main advantages of incorporating a company (business) in Comoros?

1. Promising location

The Comoros Islands occupy a prime position at the crossroads of major maritime routes connecting Africa, Asia, and Europe. This makes the jurisdiction highly attractive for companies involved in international trade, shipping, or logistics. Proximity to key markets helps reduce transportation costs and streamline supply chains.

2. Favorable tax regime

Comoros offers a highly attractive tax regime for offshore businesses. Companies that do not operate within the country are exempt from corporate income tax. Additionally, there are no taxes on dividends, royalties, or capital gains—allowing international structures to significantly optimize their tax burden.

3. High level of confidentiality

Comoros ensures a high degree of privacy for company owners and shareholders. Beneficial ownership information is not publicly disclosed, making it an appealing jurisdiction for those who value discretion. This is particularly important for investors seeking to keep their corporate structures private.

4. Support for foreign investors

The Comorian government actively promotes offshore business and welcomes foreign investment. The regulatory environment is flexible, with minimal restrictions on non-residents. It is also possible to establish a company with 100% foreign ownership—no local partners required.

5. Growth potential in tourism and related sectors

While agriculture remains the backbone of the economy, the tourism sector is rapidly expanding, creating new opportunities for business. Investments in hospitality, tourism services, infrastructure, and eco-tourism can yield stable returns. This allows companies to diversify their operations in a promising and developing region.

How to register a company in Comoros and what are the main requirements for such registration?

Step 1. Initial setup

• Initiating a preliminary project assessment, assessing risks, choosing the type of company, preparing the necessary documents and obtaining the necessary permits, determining the time frame, budget, and resources required to complete the process.
• Preparation and filing of the package of documents.

Step 2. Company registration

• Choosing a suitable corporate entity;
• Reserving of the company name;
• Preparation of registration documents;
• Submitting documents to the Comoros Corporate Registry of the Registrar General’s Department;
• Opening a bank account;
• Obtaining business licenses (if applicable).

Requirements for registering a company in Comoros on the example of an International Limited Liability Company (LLC):

• Number of directors/shareholders – minimum of 1 director/shareholder.
• Share capital – the minimum share capital for a LLC is 750,000 KMF ($1,670 USD as of October, 2024).
• Liability – the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.
• Accounting – companies must register with the Ministry of Finance for a tax identity number and file annual tax returns alongside financial statements confirming income sources and tax obligations. No required audits.

What do you have to know about taxes when registering a company in Comoros?

Corporate income tax (CIT):

• The standard corporate income tax rate ranges from 35% to 50% of taxable income.

Personal income tax (PIT):

• The personal income tax (PIT) rate in Comoros is generally set at a progressive rate, ranging from 0% to around 30%, depending on income levels.
• However, specific tax regulations in Comoros may have exemptions and deductions that vary based on employment status and source of income.

Value-added tax (VAT):

• The standard VAT rate in Comoros is 10%. This tax applies to most goods and services sold on the domestic market.
• However, tax rates can be adapted for certain categories of goods or services.

For readers 

Manimama provides assistance in choosing the right jurisdiction for company incorporation and in registering a business specifically in Comoros. We have a good understanding of the tax and legal peculiarities of specific jurisdictions, which helps our clients make an informed choice based on their unique needs and development strategies. In our work, we take into account factors affecting the business environment, such as the level of competition, access to financial and human resources, as well as opportunities for further growth and development in different jurisdictions. 

By choosing our company formation service in Comoros, you are working with a law firm that values integrity, competence, and client satisfaction. Let us help you set up a company in Comoros and pave the way for your business success!

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.