Gambling Licence BC

Gambling Licence BC

Gambling License British Columbia

British Columbia, Canada, has a proud history of an exceptionally well-managed gaming industry. This comes down to the fact that it is very tightly regulated and is in fact a provincial Crown monopoly. With exceptions for charities and local fairs, no person or entities other than the provincial government itself is legally permitted to supply gambling facilities or services in Canada. The money which is generated by gambling in British Columbia is used to provide health care and education for the people, and supports economic development in local communities. Gambling has long been a source of entertainment in B.C. for anyone over the age of 19, and has been a fantastic revenue driver and tourist attraction.

Gambling and Licensing

Gambling is regulated by The Gaming Policy and Enforcement Branch (GPEB). This body ensures the integrity of the industry and its companies, people, and equipment. The GPEB is also responsible for investigations into allegations of illegal activity and misconduct. Their scope of regulation includes lotteries, casinos, commercial bingo halls, all gambling services providers and workers, the horse racing industry, and all licensed gambling events. All this is done under the provincial Gaming Control Act and Gaming Control Regulations as well as Canada’s Criminal Code.

Due to the monopolistic nature of the gambling industry, licenses are not needed unless one is applying to host a gambling event to fundraise for the benefit of their community.

What one can do is register as an operator or supplier of goods and/or services within the industry.

This can be done by filling out three forms:

– an application for registration
– an enterprise disclosure form
– an personal disclosure form.

Gambling Licence BC -dixe pexels

The applicant will then be put through a risk assessment which involves reviewing their application material and information obtained in a standard background check. This information is evaluated based on the following five criteria:

– honesty and integrity
– financial responsibility
– compliance with the law
– registration type
– financial gain from registration

Once these checks have been done and the applicant approved, they are then restricted by the terms of the contract entered into with whichever agent of the crown to whom they will be supplying goods or services.

Maintaining Your License

As an individual or business may not hold a license, they are simply registered to supply goods or services to the existing gambling industry run by the provincial government. Registrations however may be revoked. This may be done for any number of reasons but only after ‘disciplinary action short of revocation.’

However, prosecution of gaming offenses is rare due to the monopolistic nature of the industry and the resulting lack of private operators. The legislation which governs gaming is criminal so any prosecutions would be criminal in nature. The rare occasions of charging usually involve illegal card houses or sites hosting illegal gaming activities.

Reporting Requirements

If you need to report any suspicious gambling activity or any wrongdoing related to gambling in B.C. then you can either submit a report online or contact the Gaming Policy and Enforcement Branch via email or phone. You are also welcome to contact your local police department.

Online Service: File a Criminal or Regulatory Complaint
Email: Gaming.Branch@gov.bc.ca
Toll-free within B.C.: 1 800 663-7867 ask to be transferred to one of the numbers above

Anti-money Laundering

All money laundering offenses are prosecuted at a federal level and are handled by the Public Prosecution Services of Canada. Maximum penalty is imprisonment for a maximum of ten years. You could otherwise walk away with a fine of up to CAD$5000 or serve a prison term of up to six months, or both.

By the Proceeds of Crime (money laundering) and Terrorist Financing Act (PCMLTFA) all financial institutions and businesses must maintain a compliance program, appoint a compliance officer, and conduct an assessment of money-laundering and terrorist-financing risks. Further rules include recordkeeping, identity verification, and ongoing monitoring and reporting.

Tax

As majority of private corporations operating in the gambling industry in Canada are, of necessity, merely registered suppliers of gambling products and services to the provincial governments, there are no industry-specific taxes or levies. Such companies are required to comply with generally applicable federal and provincial income tax laws, but there is no separate regime of taxes within the industry.

Gambling Licence BC - messy desk pexels

Software Testing

There is no legislation or case law that specifically criminalises or otherwise prohibits the provision of digital gaming by private companies however all levels of government and all the provincial regulators have taken the position that such operations are illegal and should be shut down.

There have also, to date, never been charges laid against offshore operator so the law in that regard remains untested. Neither the provincial or federal government have taken steps to limit access to such sites.

Fantasy leagues and eSports remain in the grey zone in terms of legality in Canada.

Examples of Online Casinos

There is only one official, legal BC online casino: Playnow.com.

However, there are lots of licensed international sites that accept players from BC and the rest of Canada. Some even specialise in offering French and English support as well as toll free numbers aimed at Canadian players. Be assured that the software they use is very good

For more information:

You can contact the BC government via their website: https://www2.gov.bc.ca/StaticWebResources/static/gov3/html/contact-us.html

Alternatively you can visit their site and look for “Gambling and Fundraising” under “Sports, Recreation, Arts & Culture”.

Curacao RNG Certification | RNG Certificate for your casino game

If you want a Curacao Gambling License, you will need Curacao RNG certification for your game.

The Curacao RNG certification process

To obtain a Curacao gambling license, one of the pre-requisites is an RNG (Random Number Generator) certifciate for your game(s). You will need this in order to offer any type of rng gaming and without it, your games can not be offered legally to end users under a Curacao license. In order to obtain an RNG certificate, an authorised certifier will need to test your software.

The end to end process will cost in the region of €3700 and will take at least 4 weeks to complete.

What does a Random Number Generator Do?

The purpose of an RNG (Random number Generator) is to output unpredictable numbers in such a way that the outcome can not be pre-determined. This is especially important in gambling related games.

RNG Testing service

Should you wish to have your RNG tested, get in touch: Skype: Brendanjnash Email: brendan [at] gamblingtec.com WhatsApp: +44 (0)7498105896

Use our pre-certified library

If you are in a hurry and need your certificate in a short space of time or do not wish to go through a lengthy certification process which may fail, you can use our library which has passed RNG certifciation for the Curacao license.

You can use our certified rng library which is on packagist or a third party api implementation of it here.

Once your game is using our RNG library, get in touch and we will provide you with the require RNG certificate.

RNG test utility

Should you be interested, we have written a command line RNG test utility which uses our library and includes some simple games and card shuffling methods.

Types of random number generators

  • Lottery number generator
  • Lucky number generator
  • Raffle number generator
  • Pick 4 generator
  • Card shuffle RNG
  • We can assist you with software for your RNG needs.

    How much does an RNG certificate cost?

    On average you will pay between €3000 to €4000 to have a games RNG mechanism certified. And this will take around 4 weeks to complete. If you are in a hurry, for a similar price you can use our RNG library which has a short turn around time. Having said this, each game is different and you would be advised to request a quote.

    When certifying multiple games, it would be wise to use the same RNG mechanism for each game to reduce costs.

    Get in touch

    We can assist you with your games licensing as well as third party RNG libraries. We work closely with certifiers and regulators and are able to get your game RNG ready for your licensing needs.

    Curacao RNG certification

    How to license a Cryptocurrency casino

    If you are involved with cryptocurrency casinos, chances are, you have wondered How to license a Cryptocurrency casino?

    About cryptocurrency

    The creation of cryptocurrency and digital currency has revolutionised online gambling. The first digital currency was introduced in 2008 and today there are over 1500 different crypto currencies and growing. Bitcoin is the most popular and the first. There are a number of online casinos that accept digital currency, therefore knowing what qualities to expect from good Crypto Casino’s is important.

    Here are a few qualities to consider:

    1. Fast deposits and withdrawal: All crypto currencies boast a fast deposit and withdrawal speed, these transactions should be done in a few minutes.
    2. Transaction fees: These are much smaller when depositing and withdrawing cryptocurrency.
    3. Anonymity: Usually only your email address is required. This anonymity also allows users, located in countries where online gambling is forbidden, to access and play at online casinos.
    4. Verifiable game results: Via provably fair protocols – numerous crypto casinos offer a provably fair feature, which users can utilize in order to verify whether their roll is authentic or has been tampered with. This provably fair system guarantees fairness of games. The transparency of blockchain can also be used to further prove fairness.
    5. Higher pay outs: Any high quality crypto casino will offer high pay outs across all games.
    6. Lucrative Offers: Be on the lookout for welcome bonuses and in-house game promotions. Loyal Bitcoin gamers may also qualify for exclusive VIP reward systems where they are handsomely rewarded.

    Cryptocurrency casino checklist

    1. Proper licensing from a recognized gaming jurisdiction.
    2. 24 hour customer support in case of any queries.

    Are cryptocurrency casinos legal?

    The big question on many minds – is cryptocurrency gambling legal? The short answer is currently, yes. As it isn’t an official currency, ‘playing’ with it doesn’t differ much from playing with any other virtual currency. In addition, if you have acquired your cryptocurrency anonymously then it becomes almost impossible to ban, restrict, or regulate. We wrote an article on Bitcoin casino licensing which should give you some more insight.

    How to license a cryptocurrency casino?

    A cryptocurrency casino is licensed no differently than a normal casino. There are certain restrictions that may be put in place, for instance, Curacao licensed casinos can not act as a type of exchange or financial services entity and for this reason, if they accept Bitcoin, they must not convert this into any other currency. This can easily be circumvented by using a third party PSP who does the exchange for you.

    Why license your cryptocurrency venture?

    We speak with prospective casino owners on a day to day basis and it is a common question as to the point of licensing a pure crypto casino. One of the many reasons is accountability. A licensed casino is required to adhere to certain rules and regulations as enforced by the jurisdiction in which it works. This may be to ensure that games are fair or to have enough funds to payout players. Another reason is that by licensing under a jurisdiction, you are protected from third party law suits who may claim (right or wrong) that you are operating your cryptocurrency illegally.

    How to get started?

    When considering licensing your venture you may be interested in obtaining either a Malta gambling license or a Curacao gambling license. You also have an option to setup a white label type solution as well which is affordable.

    GamblingTec.com can power your cryptocurrency casino

    While regulations in most jurisdictions are still green, a time will come when games of skill will need to be regulated. In cases where they do, you are free to ingerate your games into the GamblingTec.com platform which operates off a gambling license.

    For more information: licensing for game developers

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Get in touch

    Where can a Curacao gambling license be used?

    If you are thinking of getting a Curacao Gambling License, you will better understand how and where a curacao gambling license can be used once you understand the seven types of gambling jurisdictions which are seen across the world.

    1. Jurisdictions which allow no form of online gambling for example China, Turkey, UAE, Brunei, Cambodia, North Korea, Japan, Singapore, Quatar, Lebanon, Poland (Note, this list may not be accurate and is provided as a reference).
    2. Jurisdictions which allow only licensing for online gambling operators but do not allow them to provide services within the country and does not allow any foreign license holders also to operate.
    3. Jurisdictions which allow only licensing for online gambling operators but do not allow them to provide services within the country, but they impose no restriction on any foreign license holders to operate. (ex. Costa Rica).
    4. Jurisdictions which have no laws on online gambling (ex. India).
    5. Jurisdictions which allow online gambling only through operators registered in the same country or state (ex. Some states in the USA).
    6. Jurisdictions which allow online gambling by its residents through licensed operators from selected countries but have no domestic laws (ex. Most EU Countries which allow EU licensed operators to accept customers from their countries).
    7. Jurisdictions which allow online gambling by its residents through licensed operators from the home country and selected other countries (ex. Most EU Countries which allow EU licensed operators to accept customers from their countries).

    Now, no online gambling operations are possible with a Curacao license in the first two categories of countries (1,2) and countries which fall under Category 5.

    So, with a Curacao license, operations will be possible in countries which fall under Category 3 and a few countries under Category 4, 6 and 7. This also means that for the other countries under Category 4, 6 and 7 you will have to acquire specialised licenses.

    To Qualify the above

    The Curacao license strictly forbids the following countries Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, USA.

    All other countries are fair game.

    Advertising may be limited

    Your operation will be limited by its ability to legally advertise in some jurisdictions without a local license. For instance, Australia is not forbidden by the Curacao license, however, you will not be able to take out a centerfold advertisement in their local newspapers without Bruce, understandably, getting upset.

    Payments may be limited

    In addition to advertising restrictions, your operation will be limited by its ability to accept payments in some jurisdictions. Payment service providers will often block card payments from jurisdictions where you need a local license.

    Cryptocurrencies are a curve ball

    Bitcoins and other Altcoins changes the above somewhat in that, there is no way for regulators to regulate its use and in some jurisdictions they are not considered a “currency”. In these instances, you would be able to offer your service to anyone able to pay with cryptocurrency so long as you do not actively target the forbidden countries as stipulated by the Curacao government.

    How to get a license

    We work with GamblingTec.com, a white labeling service provider which will be your fastest route to getting a gambling license.

    Additionally we offer a Curacao and a Malta licensing opportunity which may suite your needs.

    Get in touch, we are a wealth of information and can help you make an informed decision.

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Contact us for a quote

    Malta Controlled Skill Game regulation

    As of the 24th January 2017 the Malta Controlled Skill Game regulation has been in force. The MGA has been entrusted with the governance and regulation over the skill games sector which is covered in the Lotteries and Other Games ACT, article 78.

    The MGA is empowered to regulate the sector in terms of a number of public policy objectives including consumer protection, fairness of the game and the prevention of fraud.

    The purpose of the Controlled Skill Game regulations is to address a range of games which vary substantially from typical games of chance with the aim of differentiating between games that require state intervention and those that do not.

    The MGA is empowered to issue a “Controlled Skill Game” license which is valid for 5 years (and renewable there after). The license additionally covers Controlled Skill Game Suppliers who offer games on a B2B basis. The license is subjected to a number of requirements including vetting of the persons behind the business, financial system auditing to ensure the system is sound and secure, measures are in place to prevent fraud and money laundering, segregation of player funds and a consumer centric approach to the business.

    What fees apply to Controlled Skill Games?

    License holders are subjected to administrative fees and a 5% tax over gaming revenue.

    What games fall under the Controlled Skill Games license?

    Games which are based on a random number generator at the start of the game, such as cards or dice, but which rely on skill as the game progresses, such as is in the case of games such as belote, tarot, rummy or backgammon, should be licensed, but in such a way as to be deemed different to gambling.

    How do I know my game is a game of skill?

    Regulation 3 of the regulation deals with classification of a game and criteria covers:

    • the presence of random draws and their effect on the outcome;
    • whether the game is played for money and, or prizes with a monetary value;
    • whether participation in a game involves any form of monetary commitment, or commitment of a monetary value
    • the possibility of any negative social impact of the game;
    • whether the activity is closely associated with games of chance and/or gambling;
    • the duration of each event, competition or match;
    • whether, on the face of it, a skilled player is able to win more than an unskilled player;
    • whether a player’s chance of winning is significantly increased by experience in playing the game
    • whether skill can be acquired through training, experience, reading literature or other educational material;
    • whether a rule-set or format that is used further nullifies the effect of any element of chance;
    • whether the game is played against other human players, or otherwise;
    • the level of interaction between the players, the level of interaction between the operator and the players, and the level of intervention by the operator during the event, competition or match; and
    • the complexity of the game, including the amount of player choices and their potential effect on the outcome, and the strategies involved.

    Provided that when the Authority determines, basing itself on any one or more of the above criteria, that an activity is more akin to a game of chance or a game of chance and skill than to a skill game as intended by the Act and any regulations made thereunder, then such an activity shall not fall within the
    parameters of this Schedule

    Fantasy sports, for instance, will now fall under a Controlled Skills Game license

    I have a gambling license, do I need a Controlled Skill Game license as well?

    According to the paper titled Digital Games of Skill with Prize (December 2015) it is not worth getting a classification for your skilled games.

    An operator offering both traditional games of chance via the internet, as well as games of mixed chance and skill, such as board games, would rather have such games regulated under their gambling licence, as the burden and
    expense of proving that such games are more skill-based is not worth the recategorisation.

    GamblingTec.com can power your games of skill

    While regulations in most jurisdictions are still green, a time will come when games of skill will need to be regulated. In cases where they do, you are free to ingerate your games into the GamblingTec.com platform which operates off a gambling license.

    For more information: licensing for game developers

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Get in touch

    Curacao Permanent Establishment

    Curacao offers great tax incentives to e-commerce companies looking to be based from the island. This means you pay 2% tax as apposed to 40% tax. Apart from the great tax incentive the island also offers a fantastic telecommunication infrastructure makinging it an ideal location to run an e-business. However, permanent establishment is required and this is what will influence certain aspects of your business.

    What companies require Permanent Establishment?

    In Curacao a local company can be given special status known as “E-Zone status”, this is a company operating from one of the local economic zones. The most popular types of comapnies being formed in Curacao are remote gambling companies who setup due to the affordable curacao gambling license. These companies are generally foreign owned and it is vitaly important that they adhere to PE rules in order to ensure they satisfy permanent establishment criteria.

    Permanent Establishment and owning servers in Curacao

    In terms of web hosting, in order to meet Permanent Establishment (PE) requirements you must own hardware (if you are runnin an E-Zone company). This means you must own a physical machine on the island and not use rented servers. For customers wanting to benefit from our cloud infrastructure and meet PE regulations at the same time, we have created an affordable colocation-cloud product. Essentially this means you buy a server and host it with us, and we offer a VPS as well as a shared hosting package as part of the deal.

    Why can I not just rent a server?

    The reason is that your new Curacao based E-Zone business must satisfy permanent establishment criteria and one of those criteria is to own physical property on the island. If not, your country of residence may claim your E-Zone company as a local company due to a lack of substance and apply local taxes to your business.

    By owning infrastructure, having an office address, local directors, telephone numebrs and staff on the island etc. your E-Zone company is permanently established and legal requriments are satisfied. In this case, it would be hard to prove that your company is somehow not a CW E-Zone entity.

    Need an E-Zone company?

    We are not just a webhosting company, we have been on the island since 2006 and we can help you with your business, be it online gambling or some form of e-commerce business that you wish to benefit from favpurable tax incentives.

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Get in touch

    Cost of a Malta gaming license for your casino

    So you are looking for a Maltese gambling licesne. This document goes over the costs and processes in order to obtain the license.

    NOTICE

    Malta is not the cheapest jurisdiction to obtain a casino license in, if you are looking for a more affordable license then we suggest taking a look at a Curacao gambling license which is better suited to tighter budgets.

    Why Malta?

    Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.

    What this document covers

    This document covers the end to end application process with the Malta Gaming Authority (“MGA”) as well as an overview of the related prices for the setup and the maintenance of a gambling company in Malta.

    1. Malta Gaming Authority (MGA) license types
    2. Malta gambling license application process
    3. Malta Gaming Authority fees
    4. Gaming Tax as Applicable by the MGA
    5. Share Capital Requirements
    6. Administration services
    7. Key official Services
    8. On-going operation
    9. Financial Audit
    10. How long does it take to get the Malta gambling license

    Malta Gaming Authority license types

    The Malta Gaming Authority offers four types of remote gaming licenses:

    • Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games. It is also possible to have a Class 1 on 4 licence whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
    • Class 2 – a remote betting licence (an example of a Class 2 licence would include fixed-odds betting) whereby operators manage their own risk on events based on a matchbook. It is possible to have a Class 2 on 4 licence whereby the Class 2 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
    • Class 3 – a licence to promote and/or abet remote gaming in or from Malta (an example of a Class 3 licence would include poker rooms and peer-to-peer (P2P) gaming). It is also possible to have a Class 3 on 4 licence whereby the Class 3 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
    • Class 4 – a licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence this is a business to business (B2B) gaming licence.

    Malta gambling license application process

    In order to prevent any unnecessary delays in the process, our clients will undergo a pre-application process together with the Malta Gaming Authority (MGA). This will ensure the quality of the application and will be followed by the actual application process that consists of a number of steps:

    1. 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
    2. 2) The MGA conducts an in depth financial analysis of the applicant’s business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
    3. 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company’s incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
    4. 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
    5. 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.

    Malta Gaming Authority fees

    Description Fee
    Fee for a new licence of any class €5,000.00
    Application fee for the renewal of any class €5,000.00
    Systems Audit €2,500.00
    Compliance Audit €3,500.00

    Annual licence fee

    The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.

    For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:

    Revenue Fee
    Fee for a new licence of any class €5,000.00
    -5Mln EUR €25,000.00
    5mln – 10mln EUR €30,000.00
    + 10mln EUR €35,000.00

    Compliance contribution

    The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:

    Class 1: Annual Compliance contribution – Minimal fee €15.000, Max €375.000 Rate
    For every euro of the first €3,000,000 1.25%
    For every euro of the next €4,500,000 1.00%
    For every euro of the next €5,000,000 0.85%
    For every euro of the next €7,500,000 0.70%
    For every euro of the next €10,000,000 0.55%
    For every euro of the remainder 0.40%
    Class 2: Annual Compliance contribution – Minimal fee €25.000, Max €600.000 Rate
    For every euro of the first €3,000,000 4.00%
    For every euro of the next €4,500,000 3.00%
    For every euro of the next €5,000,000 2.00%
    For every euro of the next €7,500,000 1.00%
    For every euro of the next €10,000,000 0.80%
    For every euro of the next €10,000,000 0.60%
    For every euro of the remainder 0.40%
    Class 3: Annual Compliance contribution – Minimal fee €25.000, Max €500.000 Rate
    For every euro of the first €2,000,000 4.00%
    For every euro of the next €3,000,000 3.00%
    For every euro of the next €5,000,000 2.00%
    For every euro of the next €5,000,000 1.00%
    For every euro of the next €5,000,000 0.80%
    For every euro of the next €10,000,000 0.60%
    For every euro of the remainder 0.40%
    Class 4: Annual Compliance contribution – Minimal fee €5.000, Max €500.000 Rate
    For every euro of the first €2,000,000 0.50%
    For every euro of the next €3,000,000 0.75%
    For every euro of the next €5,000,000 1.00%
    For every euro of the next €5,000,000 1.25%
    For every euro of the next €5,000,000 1.50%
    For every euro of the next €10,000,000 1.75%
    For every euro of the remainder 2.00%

    Gaming Tax as Applicable by the MGA

    1. Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
    2. Class 1 on 4 – €1,200.00 per month;
    3. Class 2 – 0.5% on the gross amount of all bets accepted;
    4. Class 3 and Class 3 on 4 – 5% of real income;
    5. Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence

    Share Capital Requirements

    When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.

    An idea of corporate setup fees for a Maltese gambling company

    Description Fee
    Incorporation Fee (This includes name reservation, customer due diligence process, M&As, Share Register, VAT application, income tax application, excl. MFSA Registration Fee) €1,200.00 – €2,000.00
    Registered office (optional) €500 – €1000.00
    Corporate Director (optional) €1,000.00 – €2,000.00
    Company Secretary €500 – €750
    Annual Compliance (KYC) Maintenance €250 – €500
    Management Fee Package €3,000.00 – €5,000.00
    Assistance opening a bank account €1,000.00 – €2,000.00

    Administration services

    Description
    Book Keeping
    Legal Administration
    The legal and financial administrational services will be charged against the applicable hourly rates which may vary from €60 to €250 per hour, depending on the experience of the employee involved.

    The above fees are per class of license.

    Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.

    Key official Services

    A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.

    On-going operations

    If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:

    • Filing of the annual returns
    • Preparing and processing bank transactions
    • Preparation of bookkeeping and related annual financial statements
    • Company VAT(quarterly), annual tax and tax refund filings
    • Payroll services
    • Mini One Stop Shop (Moss) VAT compliance
    • Preparation of dividend warrants
    • Certification of documents
    • Legal administration (e.g. drafting/reviewing contracts or agreements)
    • Liaising with the auditors
    • Residency applications and opening of bank accounts for employees

    We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.

    Financial Audit

    Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.

    How long does it take to get the license?

    The time frame for the application of an iGaming licence to be processed by the MGA ranges between 4 to 6 months depending on the timely and complete provision of the documentation required.

    Please be aware that Malta has a VAT rate of 18% which is not included in our cost estimates.

    Where can a Malta Gambling license be used?

    Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.

    It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    How to license my gambling app

    So you have developed an iOS gambling app for the app store and you are now wondering how on earth you are going to license it?

    Do I need a gambling license for my app?

    According to the app store, you do:

    5.3.4 Apps that offer real money gaming (e.g. sports betting, poker, casino games, horse racing) or lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store. Illegal gambling aids, including card counters, are not permitted on the App Store. Lottery apps must have consideration, chance, and a prize.

    How do I license my game for online gambling?

    Essentially you have three options:

    1. Apply for a gambling license in a relevant jurisdiction
    2. Apply for a white label from an existing gambling company
    3. Use a gambling games licensing service provider

    We have written about costs of setting up a gambling license which you can find here: costs of a Curacao license to get an idea of what you will be spending.

    To obtain a white label, you would need to find a company willing to offer this to you. It comes with certain criteria such as handing over your domain name (where applicable) and payments being settled to the whitelabel holder.

    The last option is likely the best option which is to use a Gambling Games service provider. This is basically a company with pre-existing licensing, payments, etc. who offers licensing as a service. All you do is integrate your app into their API and you are ready to do.

    There are some pre-requisites such as having your game tested for fairness and RNG certification to deal with however these are relatively simple to get done. We work with GamblingTec.com who offers gambling licensing as a service to game developers

    Need more information?

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Get in touch!

    Cheap gambling license

    Cheap gambling license

    Is Costa Rica a good place for a cheap gambling license?

    The cheapest license, which allows entrepreneurs to run a casino, is granted by Costa Rica. However this jurisdiction issues a Data Processing License and not an actual “Gambling license”. While this may at first appear to be a “cheap gambling license” option, this is a contentious point.

    The problem with the Costa Rica gambling license is its reputation. While banks and payment solutions do provide services to Costa Rica based gambling companies,
    they will be far and few between. The impact of this on your business will be unstable banking relationships, hard to find card processor and e-wallet solutions and
    international pressude and legislation that will slowly get in your way. In our opinion, cheap is not neccessarily better.

    Is Curacao a good place for a cheap Gambling License?

    Curacao is an offshore zone and is a respected jurisdiction by the gambling community. We have written a number of articles on Curacao gambling licenses which we would encourage you to read. In addition to this take the time to read our article on the cost of a Curacao gambling license.

    In our opinion, this is the best location to get a cheap gambling license. But be warned, there is no such thing as “cheap” as this is a highly regulated business that will demand that you comply with local and international laws.

    If however you are looking for an alternative or a specialised service, we would encourage you to take a look at GamblingTec.com which offers a platform as a service which you can use to license your casino or game or unique gaming idea.

    You can find further comments on cheap gambling licenses here: Quora – Cheap Gambling License

    How to get your cheap gambling license?

    Feel free to get in touch with us and we will happily help you along with your decision making process!

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

    Curacao Gambling License

    Curacao Gambling License

    About us

    We are specialists in Curacao Gambling Licensing and offerings and have been working in the Curacao space since 2006. Our activities include webhosting services to online casinos, assisting clients with their curacao gambling license, corporate structures as well as affordable hybrid licensing solutions. Additionally we write gambling related software building games and other solutions for our clients.

    An affordable license

    If you want to start an online casino and are looking for an affordable gambling license, then the Curacao license is likely for you. Curacao offers a single license that takes care of lottery, casino, sports betting and other types of betting/casino games. Legislation is easy to understand and legal structures are relatively simple.

    We believe a Curacao Gambling License is the a good license for start up casinos since it is realtively simple and straightforward to obtain with little bureaucracy involved or complicated legislation to get your head around. Not only that, it is affordable and widely accepted.

    To obtain your license you will require a Curacao E-Zone Company which comes with tax benefits and other incentives. We have written a detailed article on the costs of a Curaca gambling license.

    Once you have your Curacao Gambling License, you are free to obtain additional licensing in order to widen your reach into regulated markets and we can help you with this.

    Who can use a curacao gambling license?

    A curacao gambling license can be used for any type of betting or casino environment including but not limited to:

    • Bitcoin casinos
    • Ethereum casinos
    • NEO casinos
    • Cryptocurrency casinos

    The license is used by a variety of business types from the usual casino games, sports betting, lotteries as well as by game development companies who want to RND certain games under an affordable license.

    Get in touch to get your Curacao gambling license

    We have a comprehensive flyer outlining costs and processes you need to follow to get your license. We can answer any questions you may have relating to a license, hosting, jurisdictions, best companies to work with, companies to avoid, how to obtain processing and which banks to work with.

    Contact us via our support desk for more information, we also offer a free gambling license consulation service should you wish to arrange a meeting.

    On a budget?

    As mentioned in the document above, some companies require a cheap gambling licensing solution in order to trial new casino games and concepts. We can offer a hybrid licensing service through our GamblingTec.com platform which may meet your needs. Get in touch for more information.

    I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos