The cryptocurrency industry is exploding, and businesses need a license to operate within its exciting world. Mwali, a leading offshore financial center, offers a streamlined and secure pathway for your crypto business to thrive.

Mwali provides a welcoming and tax-free environment for cryptocurrency businesses, with adaptable regulations designed to keep pace with the dynamic market.

Licenses for cryptocurrency activities can only be issued to Mwali companies. We guide you through the process of establishing a new International Business Company (IBC) in Mwali, ensuring compliance with all regulations.

The Mwali Crypto License grants the licensee the ability to conduct a wide range of crypto activities, including but not limited to, trading, brokerage, and crypto wallet services. Licensees are permitted to operate under various brand names and use multiple platforms, provided each platform clearly displays the owner’s name and the electronic trust seal issued by the Mwali International Services Authority.

The application process is streamlined and licenses are typically granted within seven working days. A comprehensive background check in accordance with international anti-money laundering (AML) and anti-terrorist financing (ATF) standards is mandatory for all principals and officers.

Moheli Corporate Services Limited offers a full range of registered office and registered agent services in compliance with Moheli legislation. As your dedicated service provider, we are committed to the success of your business and will offer continuous support and guidance throughout the process.

   Under the International Insurance Act 2005 it is possible to establish international insurance business from Mwali.

   First it will be necessary to make an application to the Mwali International Services Authority. Applications should be made by Mwali companies already registered as IBC (International Business Company). Alternatively, an application for a new IBC and for the Insurance Licence may be made simultaneously. All applications must be submitted via Moheli Corporate Services Limited as the exclusive registered agent licenced by the Mwali International Services Authority.

   Additionally, a qualified insurance manager, resident in Moheli, must be appointed. This service is provided by Moheli Insurance Services Limited.

   The Authority can authorize either a General Insurance License, insuring different parties' risks, or a Restricted (Captive) Insurance Licence typically used for insuring the risks of related parties. In all cases a detailed business plan must be presented to the Authority for approval. The Authority must be convinced that sufficient diversification of risk is achieved and that prudent standards are being maintained. Annual reports and accounts must be filed with the Authority.

   The advantage of Insurance Licencing in Moheli is that routine applications are typically approved within 7 working days. The regulator's policy is to be accessible to clients' requirements at all times.

   Moheli Corporate Services Limited can advise on all aspects of the procedure from start to finish and can provide a full captive management service. We also welcome cooperation with insurance management professionals.

International Brokerage
The International Brokerage & Clearing House License allow for the license holder to engage in activities such as:
# Stock Brokerage
# Securities Brokerage
# Financial Advisory
# Asset Management
# Fund Management
# Custody Services
# Transaction Clearing
# Payment Processing
# Currency Trading (FOREX)
# Issuance of Securities
# Underwriting of Securities

In order to apply for a license the applicant must first establish an International Business Company (IBC) in MWali. The IBC should have a minimum of one director who can be of any nationality and resident anywhere. The IBC should have a minimum of one shareholder which can be an individual also acting as director or a Company registered in any other jurisdiction. This capital requirement can be satisfied with a financial guarantee.
If you wish to go ahead with the formation of a company you have to meet certain due diligence.
MoheliCorporateServices will proceed with the formation and incorporation procedures no documents will be forwarded to the applicant until the following due diligence materials have been received:
• Notarised copies of operative pages of passport for all persons
• Current bank reference Ideally the reference should reflect a satisfactory relationship for all persons
• Address confirmation by copy of recent utility bill or recent bank statement or major credit card bill (2 different documents) for all persons
• The IBC applying for a license should have a minimum capital of EUR 250.000. This capital requirement can be satisfied with a financial guarantee.
• Business plan.

Ordering procedure:
• Fill our application form and prepare all above mentioned documents for all persons
• Send us all required documents by fax or email that we can check them
• We will issue an invoice with application fee
• When we receive the payment we start to incorporate the company. It will take up to 4 weeks.
• We will send you all the company documents at the time when we receive the annual fee payment.

Mwali International Services Authority now offers a new regulatory regime for professional trustees and trust companies to book business in the tax-neutral jurisdiction of Mwali (Moheli) in the Union of the Comoros. This new category is designed to be attractive to existing financial services businesses that handle third party or inter-company business but do not need a full banking licence. It can also be used by third party payment processing businesses. Finally, it may be attractive to start-up businesses that may not qualify for a full banking licence.

Basically they work in a similar way, regular full-licensed banks work.
Among the services FL offer, these are included:
Deposit taking & lending
Debit and credit card services
Issuing of financial guarantees and instruments
Cash management services
Current accounts
Checking accounts
Savings accounts
Term deposits
Issuing of CDs
Wire transfer services
Payment processing services
Fund management
Marketing of investments
There no capital reserve requirements, nor nationality requirements for directors and shareholders. However, offshore finance companies cannot bear the word " bank" in their name.
As for formation it's really a quick process if all requirements are met . Application for permission for a finance licence should be made to the Mwali Offshore Finance Authority after an IBC is obtained and after completing an Application Form from the Registrar of International Businesses. The following documents are required:
1. A detailed business plan of the company:
Activities of the finance company
Countries in which the finance company is looking to invest.
The percentage of ownership by the shareholders
The details of the ultimate beneficial owners (chart may help if many)
Any other useful information to support the application.
2. CVs of all the directors
3. Full contact details of the directors and shareholders (KYC questionnaire)
4. Bank reference for all the beneficial owners
5. Clear certified passport copies of all beneficial owners
6. Proof of addresses (utility bills)
7. Business or legal reference for the beneficial owners
8. Legal doc for the shareholding companies (articles, certificate of incorporation etc)
9. Latest audited financial statements for all shareholding companies (if any)
10. A certificate to prove that the beneficial owners do not have a criminal record

Furthermore, all companies with finance licenses are required to submit their annual accounts to the Mwali Offshore Finance Authority

For Individual
• A certified copy of passport (or national identity card). The document must be certified by a banker, lawyer or actuary or notary or accountant holding a recognized professional qualification.
• Proof of residential address. Acceptable evidence includes an original utility bill, bank or credit card statement.
• Original Bank Reference.

For Corporate/Partnership
• Certificate of incorporation or registration and the memorandum and articles of association. Document has to be certified by banker, lawyer or actuary or notary or accountant holding a recognized professional qualification.
• Original Bank Reference.
• A certified true copy of latest audited account or annual report.
• A Certificate of good standing (for Société).
• List of substantial shareholders (who holds not less than 5% of the voting power exercisable at the meeting of shareholder/member) and a list of directors, and corporate structure.
• A certified copy of Board resolution granting authority to its managers, officers or employees to transact business on its behalf.