Acquisition of a Casino Licence: the Main Nuances

Gaming permits should always be published on an entertainment site, allowing users to verify that the platform works legally. This serves as their protection in case of potential problems, and for digital portals, it becomes a guarantee of a good reputation.

Online Casino Market specialists talk about the features and advantages of certifying an iGaming business. From us, it is possible to order the development of a turnkey business and modern content.

It is best to buy it in offshore countries where the tax on betting activities is minimal, and the legislative authorities are loyal and democratic. This situation arose due to the ban on entertainment for money in the US and many other countries. As a result, casinos began to move their servers to independent jurisdictions where this area is not regulated by law.

Offshore zones are eager to engage in licensing, as they receive considerable funds for the public budget, given their small size, limited resources, and a lag behind major nations in economic development. Each provider pays thousands of dollars to obtain a permit and use it.

Why It Is Better to Get a Casino Licence in Offshore

Let us consider the main pros of such a decision:

1. There is no need to pay taxes.
2. The placement of bets becomes completely legal.
3. The established business becomes international.
4. Permits are registered in the shortest possible time.
5. There is no need to file financial reports.
6. Operators do not need to be present at registration.

To obtain a licence, entrepreneurs should first select the jurisdiction in which they want to provide services. Each region has unique conditions, which differ, among other things, in the cost of the certificate. However, the basic demands are always quite similar.

The list of documents that must be submitted to acquire a gambling permit includes:

• application for a document from the brand’s legal entity;
• company name and all data on it (official address, contact details, etc.);
• information about the founders with copies of their passports;
• copies of payment checks for the office’s utilities (to confirm the real existence of the enterprise);
• copies of the registration and the company’s charter;
• copies of the record of the shareholders’ meeting, at which the corporate name was accepted and the manager was appointed;
• copies of bank documents confirming the availability of funds in accounts (certified by a notary);
• business plan for further activities with the calculation of proceeds.

It is worth noting that when choosing a place to obtain a certificate, it is worth paying attention to its reputation among players. If most customers know it, they will be more willing to come to your website. The second criterion in the selection of a jurisdiction can be called the cost of a permit and the rates for its use.

The Most Popular Regions for Casino Licensing

Among the states that are often preferred by the owners of entertainment platforms are:

• Costa Rica. The cost of the document is $15,000, and $ 1,500 for a 3-month extension. No taxes are required, but certain conditions must be met when renting an office and choosing employees. It is also necessary to be a business resident of the country.
• Malta. The price paid for a permit starts from €50,000. The jurisdiction is part of the European Union, but the payment of taxes and financial reporting are required.
• Netherlands Antilles. A local licence costs $35,000 and 10,000 guldens for a monthly extension. A 2% levy on profits is mandatory.
• Gibraltar. It grants certificates only to effectively working companies. Their price is €30,000, with an annual renewal fee of €2,000. Taxes and financial audits are required.
• Isle of Man. A gambling permit here costs £1,000 and £20,000 for a regular prolongation. Operators should also pay a levy on revenues (1.5%).
• Panama. A local document can be bought for $40,000, with an annual renewal of $20,000. There is no taxation here.
• Belize. The country’s licence costs $18,000 and $10,000 for its prolongation. A levy on franchise, as well as a financial status and fingerprinting of all those interested in gaining profits, are required. They should also make a deposit.

The Main Things about Obtaining an iGaming Permit

Having received a casino certificate in the selected jurisdiction, entrepreneurs will feel at ease and have an opportunity to attract customers from all over the world.

Those firms that decide to work illegally face risks and have difficulties in collaborating with reputable providers of software and content since they prefer to deal only with official brands.

Online Casino Market offers modern entertainment solutions, turnkey project development, and assistance in obtaining a licence in the most popular jurisdictions.

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