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The Union of Comoros: A Comprehensive Report

The Comorian authorities lack resources to ensure accurate and up-to-date information on corporations, making it challenging for investors and businesses to navigate the country’s regulatory environment.
Trusts and similar arrangements are not used in the Comoros, which may limit opportunities for asset protection and wealth management.
Non-profit organizations (NPOs) come under the law on associations, but foreign NPOs registration is subject to a separate regime that can be complex and time-consuming.

The Financial Intelligence Unit (FIU) could potentially be an effective mechanism for domestic coordination, but its effectiveness relies on adequate resources and support.
The Vienna, Palermo, and New York Conventions have been signed and ratified by the Comorian government, demonstrating a commitment to international cooperation in areas such as anti-money laundering and asset recovery.
However, these conventions have not yet been transposed into domestic law, which may hinder their effective implementation.

The Union of Comoros is an archipelago consisting of four islands: Grande Comore, Mohéli, Anjouan, and Mayotte. With a total surface area of 2,170 square kilometers, the country has a relatively small but diverse geography.
As of the latest estimates, the population of the Union of Comoros is approximately 800,000 inhabitants, with 42% of them being under the age of 14. This demographic profile highlights the importance of addressing youth-related challenges and opportunities in the country’s development strategy.
The Union of Comoros has a multi-party political system, but it has been plagued by years of political instability that have hindered economic development and attracted international attention.

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