Independent resource · est. 2026

Anjouan gaming licensing,
without the folklore.

A reference for founders evaluating an Anjouan gaming licence or an Anjouan International Business Company (IBC). Real costs, real timelines, and how to tell a real licence from a fake one.

15 yrs
in iGaming compliance
40+
licensing regimes handled
€17,828
regulator fee, all-inclusive
2–4 wks
typical approval time
§ 01 · What we cover

Two products. One jurisdiction.

We help operators through the Anjouan gaming licensing process and form the Anjouan IBC that sits underneath it.

§ 02 · Context

Why Anjouan, now.

After Curaçao's 2023 reform, operators who used to treat licensing as a checkbox suddenly owed six figures in new compliance costs. Anjouan absorbed that spillover.

A single Anjouan gaming licence covers casino, sportsbook, poker, and esports with no separate product classes. Approval is measured in weeks, not months. Entry-level year-one budget starts around €27,578 (licence fee plus ALSI-administered IBC formation and consultant fees) where Malta is closer to €170,000.

At the operator level the framework is crypto-permissive. Token whitelists are not enforced. Operators can denominate in stablecoins or native assets without a separate authorisation layered on top of the gaming licence.

It is not the right jurisdiction for every operator. It is the right jurisdiction for a lot more of them than it was three years ago.

§ 03 · The fake-licence problem

Real licences exist.
So do the fake ones.

The regulator is the Anjouan Gaming Authority (AGA). Applications are processed by ALSI. AOFA is a historical name that still appears on many documents but is not a regulator. It was disavowed by the Comorian government and flagged by FATF in 2024. Our verification guide walks through the fifteen-minute protocol for confirming a licence is real before you wire a cent.

The ABC News investigation surfaced operators presenting Anjouan licences that did not exist. The problem is not that Anjouan is illegitimate. The problem is that legitimate AGA-issued licences sit next to a large inventory of forged or stale PDFs.

AOFA
Anjouan Offshore Finance Authority
Not a regulator
Gaming Board
Anjouan Gaming Board · oversight
Active
AGA
Anjouan Gaming Authority · regulator
Issues licences
ALSI
Anjouan Licensing Services Inc. · administrator
Processes applications

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