To grow in the modern era of gambling, it is very important to carefully choose the exact jurisdiction in which the company is going to be registered. Such a decision will affect the entire destiny of the business. Professionals of SBSB Fintech Lawyers have a lot of good reasons for why choosing Comoros https://sb-sb.com/services/gambling/gambling-license/comoros/ as a country to register a company with a license is a perfect choice for modern entrepreneurs. It offers a blend of affordability, speed, and strategic market access. It is important to delve into why the Comoros license stands out in the competitive landscape of online gaming jurisdictions.
Affordability and Accessibility of The Comoros License
One of the most compelling reasons to opt for a Comoros gambling license is its cost-effectiveness. According to experts at SBSB Fintech Lawyers, the licensing fees in Comoros are notably lower than in many other countries. This makes it an attractive option for startups and smaller operators who might not have the financial leverage to secure licenses from more expensive locales. The registration fee in Anjouan, part of the Comoros Islands, starts at around 17000 EUR with an annual renewal fee of 2000 EUR for a Compliance Officer or Key Person Authorisation, which is significantly less than its counterparts.
There are a lot of other benefits:
- Licensing process without any unnecessary steps. Comoros has positioned itself as a hub with a streamlined licensing process. The application and approval can take as little as 2-4 weeks, contingent on thorough document preparation and adherence to Know Your Customer protocols.
- Strategic geographical advantage. Located in the Indian Ocean, Comoros serves as a strategic gateway for businesses looking to tap into the burgeoning markets of Africa and Asia. This geographical advantage not only facilitates easier market penetration but also aligns with the global shift towards these regions as hotbeds for online gambling growth.
- Current conditions and developments. Recent developments have further solidified Comoros’s appeal. With changes in other traditional gambling jurisdictions like Curacao, where stricter regulations are being introduced, operators are looking for alternatives.
This legislation is recognized globally, and its universal applicability allows businesses to operate almost anywhere worldwide, except for a few listed countries.
The Leading License on The Market
The Comoros gambling license is not just an alternative but a leading choice for modern online gambling businesses. Its blend of economic benefits, quick licensing, strategic market access, and a commitment to regulatory compliance makes it uniquely positioned to cater to the needs of the contemporary iGaming industry. Experts of SBSB Fintech Lawyers are always ready to provide their professional help in registering a company if needed.