The service includes:
- Anjouan company formation (IBC)
- Gaming license
- Assistance with banking solutions and PSPs
- Documentation of the legal strucuture
The Union of Comoros, an archipelago nation in the Indian Ocean, is a desirable location for entrepreneurs wishing to start online gaming businesses.The Anjouan Island, part of Comoros, offers a legal framework for various online gambling activities. This article intends to provide a comprehensive overview of the requirements and conditions for obtaining a gaming license in Anjouan.
Prerequisites for Obtaining a Gambling License in the Anjouan, Comoros
- Formation of an Anjouan company/ Anjuan International Business Company IBC
The first step in obtaining a gaming license from the Anjouan is the formation of an online betting or gaming company. The formation procedure requires submitting to Anjouan Corporate Services Ltd and the Gaming Board of Anjouan an application form specified in the Betting and Gaming Act of 2005, along with the necessary Know Your Customer (KYC) and due diligence documents.
- KYC and Due Diligence – Comprehensive background checks and due diligence are required for all beneficial owners, directors, managers, authorized signatories, shareholders/members of the entity, and agents with power of attorney. The process requires the submission of certified identification documents, proof of residence, original bank references, and certificates of morality (affidavits attesting to the absence of a criminal record).
Anjouan Gambling License Terms and requrments
License holders must adhere to a set of conditions to maintain their gaming licenses
- Compliance with the 2005 Betting and Gaming Act: Licensees and their officers, employees, and agents must adhere to all statutory requirements.
- Advertising: Licensees may advertise their interactive gaming services as they see fit, so long as they do not damage Anjouan’s reputation or promote gaming among minors.
- Protection of Players: Licensees must establish and maintain procedures to identify players at risk of becoming compulsive gamblers and provide them with adequate information and assistance to access counseling or support organizations.
- International Developments: Licensees are required to make reasonable efforts to keep abreast of international developments affecting the legality of global interactive gaming and to avoid offering interactive gaming services in jurisdictions where such activities are expressly prohibited.
- Reporting: Licensees are required to submit periodic and formatted reports to the Gaming Board.
- Financial Ratios: Licensees must meet the requirements for financial ratios established by the Gaming Board.
- Anti-Money Laundering: Licensees must take all feasible measures to prevent criminals from using their services for money laundering. This includes adhering to Gaming Board procedures and appointing a senior staff member as the money laundering reporting officer.
- Compliance Officer: Licensees are required to appoint a senior member of staff to serve as their compliance officer, who will report to the Gaming Board on gaming compliance matters.
The 2005 Anjouan Betting and Gaming Act
The Betting and Gaming Act of 2005 legalized and regulated online gambling, including internet gaming, sports betting, casino games, lottery, and bingo. The Act established the Anjouan Betting and Gaming Board (ABGB), which regulates gambling on the island.
Online betting and gaming licenses are only issued to companies based in Anjouan. These licenses allow companies to engage in a variety of online gambling promotions, operate under multiple brand names, and utilize multiple web addresses. If necessary, local nominee directors are acceptable, and an annual fee is charged. The server can be located anywhere in the world, and any bank can clear profits.
Betting and Gaming Law
The Betting and Gaming Act of 2005 was enacted to legalize and regulate various forms of online gambling, such as computer internet gaming, horse or greyhound wagering, sports book wagering, casino, lottery, and bingo. The intent of the act was also to establish a Gaming Board and address related matters.
Formation
The application form specified in the act, along with the Know Your Customer (KYC) and due diligence documents, must be used for the formation of an online betting or gaming company. Before granting the license, these documents must be submitted to the Anjouan Corporate Services Ltd and Gaming Board of Anjouan, who will evaluate the application, directors, and shareholders.
a) Regarding Individuals:
- A certified copy of a valid passport, driver’s license, or national identity card bearing the holder’s name, date and place of birth, nationality, signature, and date of issue/expiration, attested by a banker, lawyer, actuary, notary, or accountant with a recognized professional qualification.
- An original utility bill, bank or credit card statement as proof of residence.
- Original Bank Citation.
Certificate of criminal recors (Affidavit attesting that the individual has no criminal history).
(b) For Organizations/Partnerships:
Certificate of incorporation or registration, as well as the memorandum and articles of association, constitution, deed of partnership, or Act de Société, as applicable, attested by a banker, lawyer, actuary, notary, or accountant with a recognized professional qualification.
