Best countries to obtain iGaming license

If entrepreneurs decide to open their own virtual casinos or sportsbooks, then first they need to obtain a license. There are those who are afraid of this process, but with the knowledge of all the moments and laws, this is not such a complicated process.

Our specialists have vast experience and extensive knowledge in licensing gambling structures. We are pleased to help you by giving professional advice and full support during the acquisition of business-structure or obtaining permission to function. Next, we will describe and tell you in more detail about iGaming-licensing conditions in different countries.

Regulations and benefits of various spaces for iGaming-business

Legislation relating to the gambling business varies worldwide, but almost everywhere the main issue is licensing. Licensed permit is first and main document you must get before opening a casino or sportsbook. Some try to avoid such a process in every possible way, but this is very reckless, since this document has many advantages.

Experienced and knowledgeable gambling projects owners will tell you that an official permit gives you a chance to partner with financial institutions and high-quality developers, which will increase your reputation, because this is important to the players. In plenty of countries it is mandatory to obtain a permit from domestic regulators. But in plenty of offshore states you have the opportunity to obtain a permit allowing you to enter at global level. List of such countries includes Curacao, Gibraltar, Malta, Isle of Man and Kahnawake – they are considered among the best for obtaining an iGaming-license.

Curacao

It’s an island in the Caribbean, considered one of oldest iGaming-regulators, and therefore most experienced. That’s why licenses are in great demand here.

In this country, you will be offered a choice between two categories of licenses – a master and a sub-license. Main permit is valid for five-years-period, and sub-license is valid for as long as the main one exists and annual fees are paid.

1. Master permit holders have the opportunity to define their own norms and pricing, but there’re also general ones.
2. A sub-license will give you the ability to open a casino or sportsbook, although other countries often require separate permits for each activity.

Advantages and disadvantages of company establishment in Curacao:

1. least expensive compared to other jurisdictions;
2. issued within 6-8 weeks;
3. 0% corporate duty and 2% duty on net income;
4. you can pay with cryptocurrency;
5. simple procedure for obtaining;
6. it is forbidden to accept players from the USA, France, the Netherlands and Curacao.

Malta

Permit in this country is more expensive and obtaining it is more difficult, but it will be valid throughout Europe. There’re 4 categories of licenses; their validity period is 10 years. How is the licensing-process in Malta?

1. The regulator checks the firm’s correspondance with local regulations.
2. The business-plan is being analyzed.
3. Verification of operating and regulatory systems.
4. Checking the appropriate experience and qualifications of employees and managers.

After obtaining the permit, a compliance check is also carried out 3 months after the launch.

Kahnawake

This jurisdiction also has its own conditions for obtaining licenses and their types. Among privileges of obtaining permission in this territory is a 0% corporate-fee and no extra fee for gaming activities. First permit in Kahnawake is provided for half a year, after its expiration date, the project is checked for compliance. If there are no complaints from the players, then you will receive next permit for 5 years.

Gibraltar

There are 6 categories of official permits in Gibraltar. Among strengths of this space are stable pricing policy, an excellent image, reliable administration and low tax rates (1% of income from £85,000 to £425,000).

Mandatory conditions for opening a business in these territories are management directly from Gibraltar, providing information about all key persons, as well as certification of all products and their compliance with the local regulation.

There’re no annual tax or license renewal fees, but when applying you’ll be required to provide £100,000 for a license that will be valid for 5 years.

Isle of Man

There are also several types of gaming licenses in these territories, the advantages of which are low fees – from 0.1% to 1.5%, blockchain support and no capital gains duty. This region does not have a list of forbidden jurisdictions, but there’s a rule licensees don’t enter market-spaces where gambling isn’t permitted.

Companies applying for permits in this offshore are required to:

1. be registered in the Isle of Man;
2. have two island resident directors;
3. B2C operators are required to register all players on servers located on the island;
4. submit a fee – £5,000 for applications’ consideration;
5. players’ deposits needed to be protected at all times;
6. all games, RNG and game systems must be certified by an independent laboratory;
7. all who own more than 5% of the shares are required to undergo an independent assessment.

Contact our company for qualified assistance, and launching a business will be quick and painless.