Anjouan Company Formation

Advantages of Anjouan Company Formation

1. The opportunity to optimize taxes by registering an IBC (International Business Company). This type of company can qualify for exemption from income tax and other taxes.
2. Companies in Anjouan can obtain a special license for the gambling business. Read more about it here.
3. The advantageous geographic location of the island near the main financial markets of of Africa, Asia, and the Middle East.
4. A simple company registration process. The turnaround time is only 5-7 business days.

Tips to Consider

Before starting the company registration process in Anjouan, it is essential to be aware of the jurisdiction’s nuances. For example:

• Since Anjouan is often chosen for its favorable gaming licensing regime, attention should be paid to the requirements for obtaining such a license. The process is straightforward, but the documentation must be assembled correctly. Our experts can assist with the preparation.
• It is crucial to choose the right business structure. For one business, an LLC might be the ideal option, for another an IBC, and for a third, a JSC. To avoid mistakes and maximize the benefits of registering a company in Anjouan, it is important to correctly assess the advantages of each structure in relation to your business. Our experts can also assist with this.

Legal Forms of Companies in Anjouan

Company registration in Anjouan is possible in the following forms:

IBC(International Business Company). Perhaps the most popular form of company. An IBC allows for tax exemption eligibility.

LLC (Limited Liability Company). A private company with limited liability for its members. Members are liable for the company’s obligations only up to the amount of their contribution to the share capital.

JSC or SA (Joint-Stock Company or Societe Anonyme). A joint-stock company. The company’s share capital is divided into shares.

Anjouan Company Formation Process

Registering a company in Anjouan is straightforward. To initiate the process, the following documents need to be prepared and submitted:

1. Identification documents for the company members (check with our specialists for the specific list of documents required for founders from different countries);
2. Several potential names for the company;
3. The structure of the future company (who will be the director, shareholder, beneficiary);
4. A detailed description of the company’s planned activities.

The Anjouan company formation procedure can begin as soon as all the above-mentioned documents are provided. The entire process, from submitting the registration documents to receiving the charter documents for the ready company, includes the following steps:

1. Checking the company names and selecting an acceptable one. The name check process in Anjouan takes a maximum of 2 days.
2. Preparing the forms and documents for submission to the Companies Registry, including the preparation of the Articles of Association and Memorandum of Association.
3. The procedure for registering the company with the Registry. Note that the registration period in Anjouan is approximately 5-7 days.
4. Preparing the charter documents for the registered company and making a corporate seal (if necessary).
5. Notarization and apostille of documents (if necessary). The notarization process takes 2-3 days, while apostille takes 10 to 12 days. Anjouan is not a participant in the Hague Apostille Convention, but apostilling of documents is possible, although it takes longer to do.

Taxation in Anjouan

There is no taxation for IBCs.

Preparation and Submission of Reports in Anjouan

Every company registered in Anjouan is required to prepare and submit annual reports. The annual report reflects the financial results of the company’s operations for the entire year. Such reports can only be prepared by a certified accountant.

Conclusion

Anjouan is an excellent choice for business, offering favorable tax conditions, making it an ideal location for the gaming industry, allowing the registration of IBC-type companies, and providing all the conveniences for simple and quick business registration. Anjouan company formation could be the perfect solution for your business type.

How Can We Assist?

• Guide you on the best company form based on your preferences;
• Assist in collecting documents and provide consultation on activities, structure, and other questions;
• Submit documents and information to the registering authority;
• Register your company in Anjouan;
• Handle communication with the registering authority;
• Prepare the charter documents package for the registered company;
• Facilitate document notarization if necessary;
• Assist with opening a bank account;
• Send the documents to the address you specify;
• Answer any questions that arise during the process.