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Comoros

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Issuer

Abbreviation 

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Location

Comoros

Capital

Moroni

Official languages

French, Arabic, Comorian (Shikomor)

Population

852,075

Currency

Comorian Franc

ISO 4217

KMF

Delivery

  • Certificate of incorporation 

  • Articles of association

  • Meeting minutes 

  • Company stamp

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The economy of Comoros is largely based on agriculture, with some fishing and forestry. According to the World Bank, the GDP of Comoros in 2019 was $1.2 billion, with a growth rate of 3.2%. The unemployment rate in Comoros is estimated to be around 25%, with the majority of the population living in poverty. The main exports of Comoros are cloves, vanilla, and ylang-ylang, with the main imports being food, machinery, and petroleum products. The country also relies heavily on foreign aid, with the World Bank providing $50 million in 2019. The Comorian government has implemented a number of reforms to improve the economy, including the introduction of a new tax system and the privatization of some state-owned enterprises. Despite these efforts, the economy of Comoros remains fragile and vulnerable to external shocks.

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