As the world becomes a global village and more investors look beyond their geographical boundaries for security, strength and opportunity, there is a great business case for forming your own bank in  tax-neutral environment. This international banks offer great benefits to the owners as they enjoy more privacy and ease of use than their domestic units.

   The autonomous Comoran island state of Moheli passed its Offshore Banking Act in 2001 and currently has more than eighty registered institutions. The Mwali International Services Authority (MISA) is dedicated to providing as much business freedom and flexibility as possible, along with strong statutory confidentiality for legitimate offshore banking clients, whilst maintaining a strong compliance culture in anti-money-laundering and anti-terrorist financing matters. The result is that neither Moheli nor the Comoros have ever been subject to the censure, scandal and international blacklisting that have plagued less well-regulated jurisdictions over recent years.

   Offshore banking licences may be approved expeditiously subject to successful background checks on directors and shareholders and approval of the business plan by the banking regulator's office. Offshore banking licences are granted by MISA exclusively to Mwali IBCs. If desired, the application for an IBC may be submitted simultaneously with the bank licence application.

   From 01 January 2013 has entered a new Banking Act 2013. The purpose of this Act is to foment the development of the Island as a responsible international financial center complying with global best practice and regulatory standards, and to provide incentives by way of tax exemptions for international banking business carried on from the island.

   In preparing the application, particular attention should be paid to the business plan. The regulator will be looking to ensure that the proposed bank is sufficiently capitalised for its planned operations. Banks with the minimum permitted capital will typically be licenced solely for in-house treasury functions, whereas banks looking to accept deposits from the general public will be expected to have higher capitalisation and human resources depending on their expected operations. The Moheli regulator demands high liquidity at all times.


   Please feel free to contact our offices to discuss requirements and processes in detail. We are looking forward to working as your trusted partner.