In 1998, the Government of Mohéli enacted the Mwali Services Law 1998, following its independence and autonomy from the previous Republic.
This unique law laid down rules for the incorporation of companies (including financial institutions and gaming casinos subject to regulation) and was later updated in 2001 to accommodate changing circumstances.
Provisions on public and private patrimony are included in Articles 36–38 of the Constitution of Mohéli, which also clarifies the elements of the Mwali International Services Authority (MISA) and its powers to promote and regulate private investment.
Article 63 of the transitional provisions confirmed that MISA would be the sole authority with jurisdiction over financial services and licensing for the autonomous territory of Mohéli.
Functions and Identity
As the current Registrar of Companies of Mohéli in the Union of Comoros, MISA is today a registered authority assigned the official responsibility for registering and licensing international business entities.
It markets itself as a gateway for entrepreneurs from around the world to pursue an affordable and accessible offshore business opportunity.
Main Functions
MISA operates under the broad authority to provide international business services in many areas:
• Company Registration: incorporates international business companies, trusts, and foundations.
• Licensing of Financial Entities: authorises and supervises companies delivering financial services, such as brokerage and investment services.
• Corporate Record Management: manages official records and regulatory compliance associated with company registration.
• Verification Services: give the public access to information about the status of a company to promote transparency.
Goals
The goals of MISA are closely linked to promoting the attractiveness of Mohéli as an offshore destination:
• Promote the island as a competitive offshore jurisdiction.
• Promote global reach by providing a stable and secure legal framework.
• Promote investor confidence through a systematic approach to regulation and supervision.
Values and Philosophy
MISA is committed to professionalism, transparency, and accessibility. ts philosophy on regulation is one of flexibility balanced with compliance and business integrity.By facilitating both compliance and operational efficiency, MISA supports the financial and corporate aspects of Mohéli.
