Joombaah Comoros Investment Advisor Registration – Legally Offer Financial Advisory Services
Comoros Investment Advisor Registration \u2013 Legally Offer Financial Advisory Services

Permit Information

  • PERMIT_POSTED_BY: admin
  • PERMIT_POSTED_ON: Dec 17, 2024
  • Views : 38
  • Category : Africa » Eastern Africa » Comoros
  • Description : Looking to provide investment advisory services in Comoros? The Investment Advisor Registration is mandatory for professionals or firms offering financial guidance, portfolio management, and investment services. Learn about the requirements, process, and benefits of securing this registration.
  • Phone : +269 773 5400
  • Email : investmentadvisor@bcc.km
  • Website : http://www.gov.km/

Overview

  • Comoros Investment Advisor Registration – Legally Offer Financial Advisory Services

    Introduction

    The growing economy in Comoros creates opportunities for financial advisory services. The Investment Advisor Registration, regulated by the Central Bank of Comoros (Banque Centrale des Comores), ensures transparency, trust, and professionalism for individuals or firms providing investment advice and portfolio management.

    What is Investment Advisor Registration?

    The Investment Advisor Registration is a mandatory permit for individuals and firms engaged in:

    • Providing financial and investment advice
    • Managing investment portfolios for clients
    • Offering services in asset management and investment planning

    Requirements for a New Application

    To apply for Investment Advisor Registration in Comoros, the following documents are required:

    • Completed Application Form: Properly filled and signed.
    • Business Registration Certificate: For advisory firms.
    • Tax Identification Number (TIN): Issued by the Comoros Tax Authority.
    • Qualifications and Experience: Proof of qualifications (degrees, certifications) and work experience in investment advisory services.
    • Compliance Framework: Policies for Anti-Money Laundering (AML) and Know Your Customer (KYC).
    • Proof of Capitalization: Minimum financial requirements, as stipulated by the Central Bank.
    • Client Protection Policy: Framework for safeguarding client funds and data.
    • Police Clearance Certificate: For individuals or directors of the advisory firm.
    • Professional Indemnity Insurance: Covering advisory risks and financial liabilities.
    • Code of Conduct Declaration: Agreement to follow ethical and professional standards.
    • Application Fee Payment Receipt: Proof of payment for the registration fee.

    Requirements for Renewal or Update

    • Submission of updated compliance reports.
    • Proof of continued professional indemnity insurance.
    • Updated records of qualifications and business activities.
    • Payment of renewal fees.

    Validity and Benefits

    • Validity: 1–3 years, renewable.
    • Benefits:
      • Legal authorization to offer investment advisory services in Comoros.
      • Enhanced trust and credibility with clients and regulatory authorities.
      • Access to international partnerships and investment opportunities.
      • Compliance with national financial and professional standards.

    Fees

    • Application Fee: Approx. USD 1,000–3,000, depending on business scale and scope.

    Joombaah Assistance

    Joombaah ensures a seamless Investment Advisor Registration process, guiding professionals and firms through compliance, documentation, and submission for swift approval in Comoros.