Gambling Licencing
Definition of gambling refers to the whole gambling games industry, both stationary and virtual ones. This market brings the income not less than show business.
The most popular gambling regulators refer to the jurisdiction of the following countries:
- Great Britain
- Gibraltar
- Malta
Great Britain
In order to license gambling in Britain, you should first prepare 2 documents: personal management licence (for companies with 3 or more employees) and remote operating licence.
The following documents are also a must to present to UKGC:
- Annual financial plan;
- Confirmation of availability and sources of financing;
- Registration documents of a legal entity and ID for private persons;
- Primary accounting reports;
- Receipt for payment of the mandatory fee.
Gambling licensing in Britain (obtaining of the first licence) will cost around 70,000 pounds. Annual renewal — around 155,000 pounds more. Tax rate is 15% from income.
Gibraltar
Gambling licensing here is available both for B2C and B2B. The difference is only in annual licence fee — 75 thousand pounds vs 100 thousand pounds.
Before permit issuance, the regulator verifies the operator. The candidate should have:
- A licence of another jurisdiction;
- Experience in gambling;
- Impeccable reputation;
- Truthful advertising.
Malta
Licences issued by MGA (Malta Gaming Authority) are legal in several countries, such as Japan, Canada, Austria, Sweden, Finland.
Having obtained a licence, the operator should start operating within 2 months, or else he/she risks to lose the right to work.
Tax rate on the island is one of the most attractive in the world — only 5% from income.
