Crypto license in Anjouan
The Crypto License in Anjouan has become a popular alternative in the global crypto community due to its affordability, fast processing, flexible local regulations, and the absence of strict requirements such as minimum capital, office presence, or the appointment of a regional director.
The islands’ sole regulatory authority, according to the Offshore Finance Authority Act of 2005, is the Anjouan Offshore Finance Authority (AOFA). AOFA oversees the banking and insurance sectors, e-commerce, crypto activities, securities trading, and NFT markets. The crypto regulatory framework in Anjouan allows companies to legally provide a wide range of financial services, including cryptocurrency trading, exchange, and custody, as well as the issuance of digital assets and tokens (utility or security) and the provision of contracts for difference (CFDs).
Request Information on obtaining a Crypto license in Anjouan
Advantages of Obtaining a Crypto License in Anjouan
Legalization of blockchain activities.
AOFA reviews applications for permits fairly quickly (1-2 months), so any company can legally enter the global market and offer its crypto services as soon as possible.
Ease of interaction with government agencies and registration.
Within 5-6 days, it is possible to register a new IBC in Anguilla. However, an IBC registered in another jurisdiction (offshore/offshore) has the full right to apply for an Anguilla license.
Cost efficiency.
There are no corporate or income taxes, and minimal government fees are set, which makes this region very attractive to newly created companies and startups with limited budgets.
Business diversification, entry into new markets.
Minimal bureaucratic requirements and compliance with only AML/KYC procedures open up a multifaceted resource for innovative projects to test various business hypotheses and present services and products to a new audience.
Types of Anjouan crypto Licenses
The Anjouan International Crypto License defines crypto operators’ capabilities and operating conditions. You must obtain a separate license to provide gaming, brokerage, insurance, or banking services.
Upon approval of the crypto license, IBC obtains the legal right to:
- Provide services for the exchange of digital assets for fiat/cryptocurrencies.
- Offering custodial solutions.
- Mining and selling tokens (ICO, ITO).
- Conducting trading operations, including contracts for difference (CFD).
- Ensuring unhindered trading.
Operators must apply to the AOFA annually to renew their licenses, pay fees, and confirm compliance.
Requirements for Obtaining a Crypto License in Anjouan
The procedure for obtaining an Anjouan cryptocurrency license has been optimized and allows you to quickly enter a dynamic environment by complying with only standard requirements, such as:
- Registering a company (IBC).
- Implementing the necessary AML/KYC procedures.
- Collect personal data on key company personnel and their owners/beneficiaries, with proof of their impeccable business reputation.
- Prepare a detailed description and forecast of financial activities.
- Pay government fees.
The jurisdiction’s legislation does not specify requirements for the amount of initial capital, the presence of an office, or the hiring of a local manager.
Packages of services for Crypto License in Anjouan
Choose the best package of services for obtaining a crypto license in Anjouan
Crypto license application with included nominee structure
- All services from the Extended package
- Nominee Director for 1 year
Crypto license application with drafting AML/KYC Documentation and bank
- All services from the Basic package
- AML/KYC Policies preparation or review of existing policies
- Assistance with corporate account opening
Anjouan local substance creation with Crypto license application
- Dedicated consultant with a fully provided individual approach
- Full turnkey company formation assistance
- Set of corporate documents
- Company name of your choice
- Crypto License application submission
The license governmental fee in the amount of 23.000 EUR is not included in the packages and is subject to payment separately.
Process for obtaining a Crypto License in Anjouan
AOFA reviews documents fairly quickly (1-2 months) for certification and issuance of an Anjouan VASP license. The permit is issued in several stages:
Creation of a new legal entity.
Step 1
An IBC must be created to carry out crypto activities in the business sphere.
Registering an IBC in a jurisdiction other than Anjouan is also permissible.
Preparation of data and collection of information.
Step 2
When applying to the Regulator, it is necessary to present:
- Basic founding documents.
- A business plan and the main priorities for future business activities.
- Information about the owners and managers, with proof of relevant experience and reputation in the market.
- Developed AML/CFT policies.
Applying the AOFA.
Step 3
The AOFA accepts applications with state fees already paid. After analyzing the information and data, it issues its verdict to ensure compliance with the regulations. At the same time, only the company name and the type of license obtained will be indicated in the AOFA public register without specifying the details of the managers and owners.
Further corporate activity.
Step 4
After a favorable decision, the company can open a corporate account, make payments, and offer its services on the transnational market by license type.
Open a Crypto Company in Anjouan
An International Business Company (IBC) is a type of company that allows you to apply for a license and work with virtual assets in the future.
When applying for a crypto license, it is necessary to register a legal entity. There are several options for this, such as:
- IBC registration in Anjouan.
- The IBC may already be registered in any other jurisdiction.
Anjouan’s privilege is that information about the owners is not disclosed in public registers.
If the data is complete and accurate, information about the company is entered into the state register within one week, and the relevant documents are issued.
Regulation of the Anjouan Crypto License
According to official information on the AOFA website, the main legal norms of jurisdiction are:
- The Offshore Financial Management Act of 2005 outlines the AOFA’s powers to regulate the financial market, banking, insurance, exchange operators, and the crypto industry.
- The International Business Companies Act of 2005, in which the country’s authorities established the basic rules for registering IBCs, requirements for names, articles of association, capital, distribution of dividends, etc.
- The Anti-Money Laundering Act of 2005 became key in combating the legalization of illegal income and establishing the procedure for reporting suspicious transactions to the regulator.
Taxation
This tax zone is characterized by the fact that the authorities have exempted IBCs from paying the following for 25 years:
- Corporate tax;
- VAT;
- Dividend tax.
- Tax on company profits.
Conclusion
The authorities of Anjouan provide favorable conditions for a quick and easy start to a business in the dynamic blockchain sector. The licensing procedure is straightforward, with the main criterion being compliance with AML/CFT rules. There is no need for a local presence or hiring local employees. Many international investors have already appreciated this region’s advantages in terms of its tax system, low costs for setting up a new legal entity, and level of data confidentiality.
FAQ about Crypto license іn Anjouan
What is a VASP license in Anjouan?
VASP license – official permission from AOFA to conduct legal activities in cryptocurrencies, requiring compliance with the legal framework regarding AML/CFT procedures.
Who needs a Crypto license in Anjouan?
Any registered IBC intends to provide services such as exchange, trading, storage, mining, ICO, and ITO in the crypto industry.
What are the key advantages of obtaining an Anjouan cryptocurrency license?
Anjouan is beneficial for digital businesses for several reasons, such as simplicity and speed of obtaining permission from government agencies, minimal documentation, low costs for registration and incorporation of a legal entity, data confidentiality, and no taxes for IBCs.